Information
TVL
Derivatives Volume
Covo Finance
Total Value Locked$1,477
| Polygon | $1,477 |
|---|
| Include in TVL (optional) | |
|---|---|
| $0 |
Protocol Information
Covo Finance is a decentralized trading platform that offers spot and perpetual trading with low swap fees and zero market impact. The platform offers a maximum leverage of 50x on major cryptos and is backed by a singular multi-asset pool that generates income for liquidity providers through fees garnered from market making, swap transactions, leveraged trading (including spreads, funding fees, and liquidations), and rebalancing of assets.
Methodology
Fees: Fees collected from open/close position, liquidations, and borrow fee
Revenue: Revenue is 40% of all collected fees, which goes to COVO stakers