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Program Details

Cove’s liquidity mining program is divided into seasons, each with specific goals and reward structures. 8% of the token supply is planned to be distributed during the first year of liquidity mining. Epochs will have different objectives and emissions.

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Season 2 (Cove + coveUSD)

We’re currently on Season 2 of liquidity mining which is for the main Cove Protocol and currently only distributed to coveUSD.

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Epoch 0

Epoch 0 will be four weeks long and is focused on bootstrapping coveUSD. Epoch 0 will begin around Friday May 30th at 11 PM EST (May 31st 4 AM UTC) and the emissions are as follows:

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Season 1 (Boosties)

Season 1 liquidity mining for Boosties ended with Epoch 8. During this season, $COVE was distributed to users who staked:
  • $coveYFI
  • Cove Boosties LP tokens
  • coveYFI/YFI Curve LP tokens

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Epoch 0

Epoch 0 will be three weeks long and is focused on bootstrapping the protocol’s $coveYFI supply. Epoch 0 will begin around Friday April 12th at 11 PM EST (April 13th 4 AM UTC) and the emissions are as follows:

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Epoch 1

Epoch 1 will be one month long and is focused on bootstrapping the protocol’s $coveYFI supply and new V3 vault TVL. Epoch 1 will begin around Saturday May 4th at 12 PM EST and the emissions are as follows:

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Epoch 2

Epoch 2 will be one month long and continues to focus on bootstrapping the protocol’s $coveYFI supply and new V3 vault TVL. Epoch 2 will begin around Thursday June 6th at 12 PM EST and the emissions are as follows:

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Epoch 3

Epoch 3 will be one month long and is focused on growing the new coveYFI/YFI Cove vault. Epoch 3 will begin around Tuesday July 23rd at 4 PM EST and the emissions are as follows:

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Epoch 4

Epoch 4 will be one month long and is focused on growing the 3 newly launched Cove vaults (DAI-2, crvUSD-2, WETH-2). Epoch 4 will begin around Tuesday August 24th at 4 PM EST and the emissions are as follows:

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Epoch 5

Epoch 5 will be two months long and is focused on growing newer Cove vaults. Epoch 5 will begin around Monday October 14th at 1 PM EST and the emissions are as follows:

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Epoch 6

Epoch 6 will be two months long and is focused on rewarding existing LPs. Epoch 6 will begin around Monday December 9th at 1 PM EST and the emissions are as follows:

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Epoch 7

Epoch 7 will be two months long and is focused on rewarding existing LPs. Epoch 7 will begin around Monday February 3rd at 1 PM EST and the emissions are as follows:

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Epoch 8

Epoch 8 will be two months long and is focused on rewarding existing LPs and bootstrapping the new USDS vault. Epoch 8 will begin around Thursday April 3rd at 1 PM EST and the emissions are as follows: