Ask about Covo Finance
Logo of Covo FinanceCovo Finance(COVO)
Total Value Locked$497

TVL by Chain

Polygon$497

Key Metrics

Fees (Annualized)$0

Fees 30d$0

Fees 7d$0

Fees 24h$0

Cumulative Fees$86,424

Polygon$86,424

Revenue (Annualized)$0

Revenue 30d$0

Revenue 7d$0

Revenue 24h$0

Cumulative Revenue$34,570

Polygon$34,570

Holders Revenue (Annualized)$0

Holders Revenue 30d$0

Holders Revenue 7d$0

Holders Revenue 24h$0

Cumulative Holders Revenue$34,570

Polygon$34,570

Cumulative Perp Volume$63.48m
Cumulative Perp Volume by chain

Polygon$63.48m

Staked$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.

CategoryDerivatives
WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Covo V1 - Fees from open/close position, swap, mint and burn (based on tokens balance in the pool) and borrow fee ((assets borrowed)/(total assets in pool)*0.01%)View code on GitHubCovo V2 - Fees collected from open/close position, liquidations, and borrow feeView code on GitHub

Revenue:

Covo V1 - Revenue is 30% of all collected fees, which goes to COVO stakersView code on GitHubCovo V2 - Revenue is 40% of all collected fees, which goes to COVO stakersView code on GitHub
Holders Revenue: 30% of all collected fees goes to COVO stakersView code on GitHub

Perp Volume: Notional volume of all trades including leverage on the perp exchange