Cover photo

Everything DeFi

Everstrat opens limited access

The legacy financial system is undergoing severe turbulence. As nation-states tighten their grip on the internet and digital assets, the collective aspiration for open, sovereign finance is reaching a critical inflection point.


In 2025 Vitalik Buterin proposed an idea that low-risk defi can be for Ethereum what search was for Google. In this essay he argues that easily accessible low-risk DeFi will be Ethereum's killer app. The goal is straightforward - provide global, permissionless access to basic yield primitives while sustaining the broader ecosystem without compromising its core values.

In the wake of that vision, the yield landscape fragmented around human-managed vaults—Beefy, Mellow, Makina, and others—overseen by specialized risk curators like Gauntlet, Dialectic, or Chaos Labs. But this model introduces systemic friction. Every strategy demands user to perform a separate deposit and form a new trust assumption in both the protocol and the third-party curator behind it with each new position. Scale this across a portfolio, and managing these positions becomes a full-time job.

Everstrat takes a pivot.

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Nakagin Capsule Tower design by Kisho Kurokawa

Everstrat is a protocol for automated strategies orchestration and execution. Imagine the protocol as Nakagin Capsule tower from the picture above. This building was designed around a central core with pluggable, replaceable residential units.

Everstrat applies this exact Metabolist design pattern to yield orchestration. The protocol operates as the permanent central core, while individual yield strategies serve as the pluggable capsules. When market conditions shift or risk parameters evolve, strategies are plugged in or retired without requiring capital migration from the user. A single liquid wrapper- EVE - represents the complete, dynamic basket of underlying strategies and assets.

The user experience:

  • Mint: Deposit ETH into the protocol to mint EVE.

  • Hold: EVE systematically captures net yield and total value locked (TVL) through direct price appreciation. As vault value compounds, EVE grows more valuable relative to ETH.

  • Redeem: Burn EVE to withdraw initial capital alongside accrued yield.

All strategy selections and parameter updates are governed transparently by the community, with automated strategies increasingly transitioning toward autonomous AI agent integration over time.

The first strategy:

Everstrat's initial MVP strategy automates liquidity provision and active range management on Uniswap. In our backtests, a 3 combined ETH<>USDC/T strategies outperformed standard market baselines across all tested timeframes and volatility scenarios:

Metric / Benchmark

Annualized Return

Risk & Performance Characteristics

Everstrat MVP

+5% – 15% / yr (in ETH)

Impermanent loss; graceful capacity decay

Lido stETH

~2.6% – 3.2% / yr

Base staking yield

US Treasury Bonds

~4.0% – 4.8% / yr

TradFi baseline

Holding Spot ETH

0.0% (in ETH terms)

Unleveraged benchmark

While future strategies will expand across additional protocols, Everstrat’s guiding philosophy remains absolute: deploy capital exclusively into blue-chip primitives to deliver maximum risk-adjusted performance.

Enter the protocol:

Limited access for the initial cohort is now open.

Apply for early access at app.everstrat.xyz.