Logo of Covo V1Covo V1(COVO)
Total Value Locked$0.72

TVL by Chain

Polygon$0.72

Protocol Information

Covo V1 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
Twitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: 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 GitHubRevenue: Revenue is 30% of all collected fees, which goes to COVO stakersView code on GitHubHolders Revenue: 30% of all collected fees goes to COVO stakersView code on GitHub

Competitors

Gains Network ($14.22m)Contango V2 ($7.75m)Vest Markets ($1.55m)ApeX Pro ($1.43m)Domination Finance ($1.29m)Jarvis Network ($278,561)MUFEX ($276,198)Lynx ($268,615)HMX ($252,143)Float ($145,011)