Covo Finance (COVO)
Total Value Locked$723.2
TVL by Chain
Polygon$723.2
Key Metrics
Fees (Annualized)$0
Fees 30d$0
Fees 7d$0
Fees 24h$0
Cumulative Fees$86,424
Revenue (Annualized)$0
Revenue 30d$0
Revenue 7d$0
Revenue 24h$0
Cumulative Revenue$34,570
Holders Revenue (Annualized)$0
Holders Revenue 30d$0
Holders Revenue 7d$0
Holders Revenue 24h$0
Cumulative Holders Revenue$34,570
Perp Volume 24h$0
Cumulative Perp Volume$63.48m
Staked$0
$COVO Liquidity$17,906
Uniswap V3$17,906
Covo Finance (COVO)
Total Value Locked$723.2
TVL by Chain
Polygon$723.2
Key Metrics
Fees (Annualized)$0
Fees 30d$0
Fees 7d$0
Fees 24h$0
Cumulative Fees$86,424
Revenue (Annualized)$0
Revenue 30d$0
Revenue 7d$0
Revenue 24h$0
Cumulative Revenue$34,570
Holders Revenue (Annualized)$0
Holders Revenue 30d$0
Holders Revenue 7d$0
Holders Revenue 24h$0
Cumulative Holders Revenue$34,570
Perp Volume 24h$0
Cumulative Perp Volume$63.48m
Staked$0
$COVO Liquidity$17,906
Uniswap V3$17,906
Protocol Information
Covo Finance 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.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Covo V1: Fees from open/close position, swap, mint and burn (based on tokens balance in the pool) and borrow fee ((assets borrowed)/(total assets in pool)*0.01%)View code on GitHubCovo V2: Fees collected from open/close position, liquidations, and borrow feeView code on GitHub
Revenue:
Covo V1: Revenue is 30% of all collected fees, which goes to COVO stakersView code on GitHubCovo V2: Revenue is 40% of all collected fees, which goes to COVO stakersView code on GitHub
Holders Revenue:
Covo V1: 30% of all collected fees goes to COVO stakersView code on GitHubCovo V2: 40% of all collected fees goes to COVO stakersView code on GitHub
Perp Volume: Notional volume of all trades in the protocol, includes leverage
Income Statement for Covo Finance
| Q3 2025* | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $0 | $0 | $0 | $0 | $0 | $0 | $24 | $14,659 | $34,284 | $37,398 | $59 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $9 | $5,863 | $13,714 | $14,960 | $24 |
| Earnings | $0 | $0 | $0 | $0 | $0 | $0 | $9 | $5,863 | $13,714 | $14,960 | $24 |
| Token Holder Net Income | $0 | $0 | $0 | $0 | $0 | $0 | $9 | $5,863 | $13,714 | $14,960 | $24 |