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.

Team

Alan
Protocol / CEO

Palantir, AI @ Caltech, Fintech @ McKinsey

Mark
Engineering / Product

Palantir, Math @ Brown

Anthony
Engineering / Growth

Palantir, 2x-Olympian, Dartmouth

Backed by innovators

Perpetual debt, is here...

Trade perpetual debt for any on-chain asset.