What is Everstrat?
A plain-language introduction to Everstrat, the EVE token, and what you can expect as a user.
Testing phase — treat as a test protocol
Everstrat is deployed on Ethereum mainnet (chain id 1), but it is in a testing phase and should be treated as a test protocol. Entry is invite-gated, the software is experimental and unaudited, and deposits are real ETH at real risk. Do not deposit more than you can afford to lose entirely.
Everstrat is a protocol that lets you deposit ETH and receive EVE — a single token that represents your share of a managed, on-chain strategy portfolio. A keeper bot deploys the pooled ETH into yield strategies that are added or removed through governance (an admin timelock), and EVE's value tracks the portfolio's net asset value (NAV). When you want to exit, you burn EVE and receive ETH back.
The core loop
Deposit ETH and mint EVE. You send ETH to the protocol. The AMM mints EVE tokens proportional to your deposit at the current premium price.
EVE tracks NAV. The pooled ETH is deployed into on-chain strategies. As the portfolio grows or shrinks, the underlying value each EVE token represents changes accordingly.
Burn EVE to exit. When you're ready to leave, you burn your EVE and receive ETH at the current base price. Depending on available liquidity, this happens immediately or through a short queued process.
Who Everstrat is for
Everstrat is designed for people who want:
- Diversified, managed on-chain strategy exposure without having to research, enter, and manage individual DeFi positions themselves.
- A single token (EVE) that rolls up the performance of the full strategy portfolio.
- Transparent, on-chain mechanics — every deposit, exit, and strategy allocation is verifiable on Ethereum mainnet.
What Everstrat is NOT
Important
Everstrat is not:
- A fixed-APY or guaranteed-yield vault. There is no promised return. EVE's value rises and falls with the portfolio's NAV — it can go down.
- A stablecoin. EVE is not pegged to any fixed value. Its price moves with the underlying strategy portfolio.
- A custodial product with guarantees. The protocol is non-custodial and operates entirely on-chain. There is no insurance or principal protection.
Strategy value can decrease. Everstrat is in a testing phase — treat it as a test protocol and only use funds you can afford to lose entirely.
Learn more
For a deeper look at how the bonding curve, keeper, and exit queue work under the hood, see How Everstrat Works.
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