Getting Started
Introduction
Welcome to Cove — the one-stop platform for earning onchain
What is Cove?
Cove pairs off-chain intelligence with on-chain automation to deliver curated 1-click DeFi vaults that earn higher, safer yield. Our first product coveUSD sets the benchmark for reliable, diversified blue chip USD yield on Ethereum.Cove is optimized by Gauntlet and audited by
Trail of Bits, Pashov Audit
Group, Zellic,
Quantstamp, and yAudit.
The Cove Ecosystem
The Cove ecosystem is a comprehensive suite of products designed to make onchain earning simple, safe, and powerful. It’s built on the Cove Protocol, which uses off-chain intelligence and on-chain automation to deliver higher, safer yield.coveUSD
coveUSD is Cove’s flagship vault, delivering institutional-grade USD yield through automated capital allocation.- It automatically reallocates across top-tier strategies to maximize risk-adjusted returns.
- It aims to establish the benchmark rate for safe, blue-chip USD yield on Ethereum.
Boosties
Boosties is the dedicated liquid locker and staking platform for Yearn, built with Yearn V3.- Maximize your dYFI rewards from Yearn vaults without managing your own veYFI position.
- Includes coveYFI for liquid YFI locking and the dYFI Redeemer for gas-less reward redemption.
Cove Protocol
The underlying protocol that powers the ecosystem. It provides:- A simplified way to earn onchain that abstracts away the complexity of DeFi.
- Access to sophisticated strategies managed by experts like Gauntlet.
- Elimination of loss-versus-rebalancing (LVR) through Programmatic Orders for better returns.
$COVE
$COVE is the protocol’s governance token. It is currently used for onchain governance, giving the community control over the protocol’s future. It is currently non-transferable.Roadmap
We are continuously building to make DeFi as accessible as running water. Here’s what’s next:- AI-enabled strategies powered by Ritual x ████████.
- Full tokenomics and onchain governance.
- Cross-chain expansion and abstraction.