Ask about Covenant
Logo of CovenantCovenant
Total Value Locked$33,340

TVL by Chain

Monad$33,340

Protocol Information

Covenant is a tranching layer on Monad that converts any tokenized asset intofully-backed leverage and yield markets. Each market mints two synthetictokens against the base collateral: a Yield Coin (fixed-rate, debt-side)and a Leverage Coin (levered exposure to the underlying).

CategoryLending

Audits:

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Methodology

TVL: Value of all assets in the covenant contractView code on GitHub

Competitors

Morpho Blue ($6.307b)Euler V2 ($258.25m)Curvance ($55.15m)Neverland ($41.83m)Native Credit Pool ($31.31m)Gearbox ($17.69m)Folks Finance xChain ($7.39m)Sumer.money ($1.17m)TownSquare ($710,205)K613 ($36,165)