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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.

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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.

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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.

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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.

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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.

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$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.

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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.

Learn more: