Cove YFI COVEYFI
COVEYFI
3685.1
$
0.00 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 3685.1
Total Supply
71
COVEYFI
$
# | Exchange | Pair | Price | Volume 24h |
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Description
coveYFI is Cove’s liquid locker for YFI. YFI deposited into Cove is perpetually locked for veYFI, thus increasing the protocol’s ownership of veYFI and Yearn gauge voting power.
Cove is the first onchain portfolio manager. Traditional AMMs are not well suited for portfolio or index construction because they suffer from loss-versus-rebalancing (LVR). This is because of toxic order flow: all trades execute at worse-than-market prices. Cove proposes an innovative new approach that eliminates LVR and earns more for liquidity providers. The Cove ecosystem also includes Boosties, the first dedicated liquid locker and staking platform for Yearn. Cove is optimized by Gauntlet and audited by Trail of Bits, Quantstamp, and yAudit.