Covo V1 (COVO)
Covo V1 is a decentralized trading platform that offers spot and perpetual trading with low swap fees and zero market impact. The platform offers a maximum leverage of 50x on major cryptos and is backed by a singular multi-asset pool that generates income for liquidity providers through fees garnered from market making, swap transactions, leveraged trading (including spreads, funding fees, and liquidations), and rebalancing of assets
TVL by chain
| Chain | TVL | Share |
|---|---|---|
| Polygon | $0.7 | — |
About Covo V1
Covo V1 is a derivatives protocol deployed across 1 chain, led by Polygon. Total value locked measures the assets currently deposited in its smart contracts — see our TVL definition for how to interpret it. Compare Covo V1 against the wider market on the live protocol rankings, or explore current yields across DeFi.