Total Value Locked$0.96
TVL by Chain
Polygon$0.96
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
Frequently Asked Questions
What is Covo V1's TVL?
Covo V1 currently has $0.96 in total value locked.
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 #276 by TVL. The category holds $2.056b across 424 protocols, and Covo V1 accounts for <0.1% of that total. Other leading protocols include Gains Network, Contango V2, ApeX Pro, Vest Markets, MUFEX, HMX, Jarvis Network, Domination Finance, Lynx, and Float.