Overview

Trade the market, not the clock.

Evergreen gives you leveraged, synthetic long and short exposure to U.S. stocks and real-world assets (Treasuries, real estate and commodities) from a single USDG balance.

What Evergreen is

Evergreen is a perpetuals exchange for U.S. equities. You post USDG as collateral, choose a market and a direction, and open a position that tracks the market's price, with up to 200× leverage. Positions are synthetic: you never own the underlying shares, you hold a contract whose profit and loss follows them.

Evergreen is pool-based, not an order book. Every position opens and closes against a shared liquidity vault, so there is no counterparty to wait for and no spread from thin books.

Markets
37
Max leverage
200×
Trading fee
0.05%
Collateral
USDG

How it works

You deposit USDG and open a position by choosing a market, a side, a size and a leverage. The position is backed by your collateral and valued continuously against the market price. When you close, your profit or loss is settled back into your balance in USDG.

A small fee is charged to open and to close. See Fees & costs. If losses eat through your collateral, the position is liquidated before it can go negative. See Liquidations.

What's live today

  • Live: market prices, charting, market search, paper trading with positions, PnL, liquidations and trade history.
  • Coming next: wallet connection, USDG deposits, real positions, liquidity vault, staking.

Your paper account is stored in your browser. Clearing site data or switching device starts a new one, and you can reset it at any time from the Positions panel.