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

Perpetual debt, is here...

Trade perpetual debt for any on-chain asset.