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.
What is the highest value Cove YFI (COVEYFI) has ever reached?
Cove YFI (COVEYFI) reached its peak price at 12,001.82 $ on 07 December 2024, approximately a year ago ago. Presently, the current price is -4.97% lower than this all-time high.
What is the historical minimum price for Cove YFI (COVEYFI)?
The minimum price reached for Cove YFI (COVEYFI) was 3,151.09 $, documented on 18 September 2024, more than a year ago. In comparison, the current price is 261.92%, it above this historical low.
What is the fully diluted valuation of Cove YFI (COVEYFI)?
The fully diluted valuation (FDV) of Cove YFI (COVEYFI) stands at $ 809,728. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 36,666 COVEYFI tokens. The realization of this FDV might take several years depending on the emission schedule of COVEYFI tokens.
How to add Cove YFI (COVEYFI) to MetaMask?
By integrating Cove YFI (COVEYFI) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import COVEYFI as a token. You can either manually import COVEYFI by copying its contract address (0xff71841eefca78a64421db28060855036765c248) or use MetaMask's Chrome extension to add COVEYFI with a single click through P.CASH.
How to add Cove YFI (COVEYFI) to TrustWallet?
Incorporating Cove YFI (COVEYFI) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include COVEYFI, you can either manually import it using the contract address (0xff71841eefca78a64421db28060855036765c248) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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