Logo of Cove BoostiesCove Boosties(COVE)

Total Value Locked$328,965

TVL by Chain

Ethereum$328,965

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.

WebsiteX/Twitter
Category:Yield Aggregator

Audits:

Methodology

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

Competitors

CIAN Yield Layer ($306.49m)Fluid Lite ($233.43m)Yearn Finance ($199.9m)Beefy ($112.47m)Vesper ($89.88m)vfat.io ($38.02m)YO Protocol ($34.87m)Harvest Finance ($22.01m)Superform ($16.77m)Badger DAO ($13.13m)

Frequently Asked Questions

What is Cove Boosties' TVL?

Cove Boosties currently has $328,965 in total value locked. TVL has increased 2.9% over the past 30 days.

What chains does Cove Boosties operate on?

Cove Boosties operates on Ethereum. Ethereum holds the largest share at 100%.

How does Cove Boosties' TVL compare to similar protocols?

Among Yield Aggregator protocols tracked by DefiLlama, Cove Boosties ranks #53 by TVL. The category holds $1.348b across 192 protocols, and Cove Boosties accounts for <0.1% of that total. Other leading protocols include CIAN Yield Layer, Fluid Lite, Yearn Finance, Beefy, Vesper, vfat.io, YO Protocol, Harvest Finance, Superform, and Badger DAO.