Hero Light

​
Cove

Optimized by Gauntlet. Audited by Trail of Bits, Quantstamp, and yAudit.

​
What is Cove?

Cove is an asset management protocol designed to maximize returns through intelligent automation. Cove simplifies complex strategies into accessible, yield-bearing products.

The Cove ecosystem is launching in phases and includes:

1

Phase 1 (now)

  • $COVE: a currently non-transferable governance token.
  • Bazaar Launchpad: an uncapped batch auction for $COVE to help bootstrap protocol owned liquidity.
  • Boosties: the dedicated liquid locker and staking platform for Yearn, built with Yearn V3.
    • Choose between automatically compounding or directly claiming dYFI rewards.
    • coveYFI: a liquid locker for YFI.
    • dYFI Redeemer: public good to automatically redeem dYFI for YFI without holding ETH.
2

Phase 2 (early 2025)

  • Cove Protocol: the first onchain portfolio manager. Launching early 2025.
    • Eliminates loss-versus-rebalancing (LVR) which previously hurt liquidity providers.
    • Proprietary solver seamlessly matches individuals holding complementary liquidity positions, facilitating efficient trades without price impact, slippage, or MEV.
3

Phase 3 (2025+)

  • AI-enabled strategies powered by Ritual x ████████.

Learn more:

Cove Protocol

Onchain portfolio manager

Boosties

Dedicated liquid locker and staking platform for Yearn

$COVE

Protocol governance token

Storm Labs

Early core contributors of the Cove Protocol

Cove Protocol