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ProtocolsCovo Finance

INCLUDE IN TVL:

Covo Finance

Total Value Locked
$857.71
Chain Breakdown
Polygon$857.71
Include in TVL (optional)
$0
$17,898

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