Today we are excited to announce Cove, your DeFi portfolio simplified. Earn the best yields on-chain without the hassle of managing a portfolio.

Cove is an automated yield optimizer, built on Yearn V3 and optimized by Gauntlet. Cove brings simplicity, high-yields, and accessibility to degens and those new to the space.

Why now?

We’re building Cove to harness the power of ERC-4626, the new standard for tokenized vaults. This standard is starting to gain adoption at major protocols like Maker and Frax, and recently hit $1.68B in TVL across 760+ active vaults. We believe the proliferation of ERC-4626 will unlock a new era of DeFi composability and capability.

How it works:

Cove moves assets across your selected strategies into the most optimal allocation automatically. Say goodbye to paying gas for regularly staking/unstaking your positions, constantly updating your portfolio, and spending an ungodly amount of time monitoring farms.

Cove empowers you to customize your DeFi experience like never before.

Cove Highlights:

1. Get that juicy yield! Optimized by Gauntlet.

Cove's goal is to get the highest yield for investors safely. Through advanced algorithms and smart strategies optimized by Gauntlet, Cove automatically moves your assets across the highest-performing user-selected strategies. Imagine your assets always being where they earn the highest possible yield, without you having to lift a finger. Cove ensures that your investments work harder for you around the clock.

2. Built with Yearn

Cove is built on the solid foundation of Yearn V3 vaults, known for their battle-tested security. Cove includes a veYFI liquidity system, and plans to play a large role voting in the Yearn gauge ecosystem. By donating your YFI for coveYFI, you can help bootstrap boosted rewards and get a head start in the upcoming point system.

3. Designed with industry leaders

Cove is set to launch in Q1 2024, and we’ve started a new company of DeFi veterans at Storm Labs to help deliver this vision. We’re proud to be advised by industry pioneers:

• Joey Santoro - founder of Fei Protocol and author of ERC-4626

• Tarun Chitra - founder and CEO of Gauntlet, the premier DeFi-native economic research firm

Join Us

Cove is more than just another DeFi app; we are building a game-changing financial protocol that will bring in millions to the world of decentralized finance. So, whether you're a seasoned DeFi enthusiast or a newcomer exploring the world of decentralized finance: Welcome to Cove.

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