Ask about Cove FinanceTotal Value Locked$292,313
TVL by Chain
Ethereum$292,313
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
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Yields
Pools Tracked2
Average APY8.5%