Tradeable
On-chain Debt
Borrow and lend against any tokenized asset through liquid, tradeable debt markets.
14.7M+
Transactions
14.7M+
Transactions
14.7M+
Transactions
Product
Tradeable,
perpetual debt
Trade debt on Uniswap V3, with market-priced rates and no liquidity lock-up.
Collateralized by any tokenized asset
From protocol debt, to long-tail ERC-20s, to NFTs, Covenant can accept any type of on-chain collateral.
Generating optimized yields
Interest rates on Covenant are market-driven, enabling more accurate risk pricing and more capital-efficient yields.
Introducing a new DeFi Primitive
Perpetual Debt
A new DeFi primitive which enables an efficient method of pricing, buying, and selling debt for digital assets.
Made by disruptors
Backed by innovators
Audited & verified.
Perpetual debt, is here...
Trade perpetual debt for any on-chain asset.