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Cove

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

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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.
  • 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: an asset management protocol designed to maximize returns through intelligent automation.
    • A simplified way to earn onchain that hides the complexity of best-in-class management.
    • Easy access to to sophisticated strategies run by experts like Gauntlet.
    • Earn $1B+ in additional profit for LPs by eliminating loss-versus-rebalancing (LVR) using Programmatic Orders.
    • Better execution when internal trades are matched offchain by Cove’s solver and settled without leaking value, like ring trades in batch auctions.
3

Phase 3 (2025+)

  • AI-enabled strategies powered by Ritual x ████████.
  • Tokenomics and onchain governance.
  • Cross-chain expansion and abstraction.

Learn more:

Cove Protocol

Earn best-in-class yield with easy access to expert strategies

Boosties

Dedicated liquid locker and staking platform for Yearn

$COVE

Protocol governance token

Storm Labs

Early core contributors of the Cove Protocol

Cove Protocol