Covo V1(COVO)
Total Value Locked$0.97
TVL by Chain
Polygon$0.97
Key Metrics
Cumulative Fees$0
Cumulative Fees by chain
Polygon$0
Cumulative Revenue$0
Cumulative Revenue by chain
Polygon$0
Cumulative Holders Revenue$0
Cumulative Holders Revenue by chain
Polygon$0
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
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 GitHubCompetitors
Covo V1 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 12, 2023 to Oct 28, 2026.
All-time high TVL: $178,737 on Mar 14, 2023. All-time low TVL: $1 on Dec 29, 2023.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $1 |
| Sep 30, 2026 | $1 |
| Oct 1, 2026 | $1 |
| Oct 2, 2026 | $1 |
| Oct 3, 2026 | $1 |
| Oct 4, 2026 | $1 |
| Oct 5, 2026 | $1 |
| Oct 6, 2026 | $1 |
| Oct 7, 2026 | $1 |
| Oct 8, 2026 | $1 |
| Oct 9, 2026 | $1 |
| Oct 10, 2026 | $1 |
| Oct 11, 2026 | $1 |
| Oct 12, 2026 | $1 |
| Oct 13, 2026 | $1 |
| Oct 14, 2026 | $1 |
| Oct 15, 2026 | $1 |
| Oct 16, 2026 | $1 |
| Oct 17, 2026 | $1 |
| Oct 18, 2026 | $0 |
| Oct 19, 2026 | $1 |
| Oct 20, 2026 | $1 |
| Oct 21, 2026 | $1 |
| Oct 22, 2026 | $1 |
| Oct 23, 2026 | $0 |
| Oct 24, 2026 | $0 |
| Oct 25, 2026 | $0 |
| Oct 26, 2026 | $0 |
| Oct 27, 2026 | $0 |
| Oct 28, 2026 | $0 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1 |
| Dec 31, 2024 | $1 |
| Jan 31, 2025 | $1 |
| Feb 28, 2025 | $1 |
| Mar 31, 2025 | $1 |
| Apr 30, 2025 | $1 |
| May 31, 2025 | $1 |
| Jun 30, 2025 | $1 |
| Jul 31, 2025 | $1 |
| Aug 31, 2025 | $1 |
| Sep 30, 2025 | $1 |
| Oct 31, 2025 | $1 |
| Nov 30, 2025 | $1 |
| Dec 31, 2025 | $1 |
| Jan 31, 2026 | $0 |
| Feb 28, 2026 | $0 |
| Mar 31, 2026 | $0 |
| Apr 30, 2026 | $0 |
| May 31, 2026 | $0 |
| Jun 30, 2026 | $0 |
| Jul 31, 2026 | $0 |
| Aug 31, 2026 | $0 |
| Sep 30, 2026 | $1 |
| Oct 28, 2026 (latest) | $0 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $1 |
| Dec 31, 2024 | $1 |
| Dec 31, 2025 | $1 |
Fees, revenue and holders revenue by UTC calendar month, Mar 2026 to Mar 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Mar 2026 | $0 | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/covo-v1
Frequently asked questions
What is Covo V1's TVL?
As of Oct 28, 2026, Covo V1 has $0.97 in total value locked. TVL has decreased 2.5% over the past 30 days.
What chains does Covo V1 operate on?
Covo V1 operates on Polygon. Polygon holds the largest share at 100%.
How does Covo V1's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Covo V1 ranks #271 by TVL. The category holds $1.973b across 426 protocols, and Covo V1 accounts for <0.1% of that total. Similar protocols include Contango V2, Gains Network, ApeX Pro, MUFEX, Vest Markets, Lynx, Float, Domination Finance, Jarvis Network, and Rubin Trade.