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
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65c1717b27954f70786035f7_trade.png)
Tradeable,
perpetual debt
Trade debt on Uniswap V3, with market-priced rates and no liquidity lock-up.
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65c1713d7bfea649be90ef97_Collateral.png)
Collateralized by any tokenized asset
From protocol debt, to long-tail ERC-20s, to NFTs, Covenant can accept any type of on-chain collateral.
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65c1714a6d61aa997ae066f3_Efficcient.png)
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.
Team
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65d7b4de52f7b2248f71431c_team02.png)
Alan
Protocol / CEO
Palantir, AI @ Caltech, Fintech @ McKinsey
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65d7b4dfb69c8b67b8ec1a61_team03.png)
Mark
Engineering / Product
Palantir, Math @ Brown
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65d7b4dff7edc9f9c010144c_team01.png)
Anthony
Engineering / Growth
Palantir, 2x-Olympian, Dartmouth
Backed by innovators
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65c2a8932ab623c5a170d46e_Investor%2002.png)
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65c2a893039d657595b6dfa6_Investor%2001.png)
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65c2a894548b5977866ad8b1_Investor%2004.png)
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65c2a8930828c55a006c54a9_Investor%2003.png)
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65cef7d6df998299c0f9419b_Investor%205.png)
Audited & verified.
![](https://cdn.prod.website-files.com/65c00c1dfb82828c19abeff3/65d51615ffd247def600d92f_PFP.png)
Perpetual debt, is here...
Trade perpetual debt for any on-chain asset.