Ask about Covenant
Logo of CovenantCovenant
Total Value Locked$34,542

TVL by Chain

Monad$34,542

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).

Category:Lending

Audits:

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Methodology

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

Competitors

Aave V3 ($13.836b)Morpho Blue ($7.483b)Euler V2 ($308.34m)Curvance ($90.53m)Gearbox ($18.69m)Neverland ($16.99m)Folks Finance xChain ($5.19m)Sumer.money ($1.21m)TownSquare Lending ($427,791)K613 ($37,025)