Getting Started
Introduction
Welcome to Cove — the next generation of portfolio automation
Cove
Optimized by Gauntlet. Audited by Trail of Bits, Quantstamp, and yAudit.
What is Cove?
Cove is a suite of products to boost your earnings, without the hassle. 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 (late 2024)
- Cove Protocol: the first onchain portfolio manager. Launching late 2024.
- 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 (~Q4 2024+)
- AI-enabled strategies powered by Ritual x ████████.
Learn more: