Cove Protocol
Cove Protocol is the first onchain portfolio manager. Traditional automated market makers are not suitable for constructing portfolios or indices because they suffer from rebalancing losses (LVR). This is due to toxic order flow: all trades are executed at prices worse than the market. Cove Protocol introduces an innovative new approach that can eliminate LVR and generate greater returns for liquidity providers. Cove Protocol is optimized by Gauntlet and audited by Trail of Bits, Quantstamp, and Yearn.
Overview
Cove Protocol is the first onchain portfolio manager. Traditional automated market makers are not suitable for constructing portfolios or indices because they suffer from rebalancing losses (LVR). This is due to toxic order flow: all trades are executed at prices worse than the market. Cove Protocol introduces an innovative new approach that can eliminate LVR and generate greater returns for liquidity providers. Cove Protocol is optimized by Gauntlet and audited by Trail of Bits, Quantstamp, and Yearn.
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Funding history
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