Logo of Cove ProtocolCove Protocol(COVE)
Total Value Locked$261.45

TVL by Chain

Ethereum$261.45

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

Category:Yield

Audits:

WebsiteTwitterSafe Harbor Agreement

Methodology

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

Competitors

Pendle ($1.146b)Spark Savings ($1.122b)Convex Finance ($500.16m)Stake DAO ($114.54m)Lorenzo sUSD1+ ($90.03m)Yuzu Money ($62.88m)Strata Markets ($62.53m)infiniFi ($61.53m)Concentrator ($59.07m)Multipli.fi ($55.42m)