Covenant
Covenant is a tranching layer on Monad that converts any tokenized asset intofully-backed leverage and yield markets. Each market mints two synthetictokens against the base collateral: a Yield Coin (fixed-rate, debt-side)and a Leverage Coin (levered exposure to the underlying).
Total Value Locked
$41.59K
30d Change
+24.0%
Category
Lending
1 chains
TVL — last 166 days
TVL by chain
| Chain | TVL | Share |
|---|---|---|
| Monad | $41.59K | 100.0% |
About Covenant
Covenant is a lending protocol deployed across 1 chain, led by Monad. Total value locked measures the assets currently deposited in its smart contracts — see our TVL definition for how to interpret it. Compare Covenant against the wider market on the live protocol rankings, or explore current yields across DeFi.
Official website: https://app.covenant.finance