Logo of Cove BoostiesCove Boosties(COVE)
Total Value Locked$289,472

TVL by Chain

Ethereum$289,472

Key Metrics

Total Raised$3m

Apr 9, 2024$3mRound: Pre-SeedInvestors: Electric Capital, Accomplice, Robot Ventures, Daedalus, Richard Ma, Marc Boiron, Justin Reyes, Mark Lurie, Scott Sunarto, Elliot Friedman, Anthony Beaumont, Josh Han, Accomplice

Protocol Information

Cove is the first onchain portfolio manager. Traditional AMMs are not well suited for portfolio or index construction because they suffer from loss-versus-rebalancing (LVR). This is because of toxic order flow: all trades execute at worse-than-market prices. Cove proposes an innovative new approach that eliminates LVR and earns more for liquidity providers. Cove is optimized by Gauntlet and audited by Trail of Bits, Quantstamp, and yAudit.

CategoryYield Aggregator

Audits:

WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Yields

Pools Tracked2

Average APY8.5%

Competitors

CIAN Yield Layer ($302.76m)Yearn Finance ($164.59m)Beefy ($114.65m)Fluid Lite ($113.96m)Vesper ($43.17m)YO Protocol ($38.46m)Fusion by IPOR ($32.68m)vfat.io ($30.82m)Nucleus ($30.04m)Superform ($28.64m)