The Cove ecosystem is one of the most powerful flywheels in DeFi, you just don’t know it yet.
From Boosties, the main protocol, to leveraged @yearnfi v3 strategies, they all work together. 🔀
All while delivering higher, safe, diversified blue chip yield to you.
At the foundation of the flywheel sits the Boosties protocol. ⏫
Boosties strategies, like the @SkyEcosystem $USDS boosted vault, fuel coveUSD’s yield and create a deposit loop.
Boosties then collects performance fees on every harvest.
On top of Boosties is the main protocol, coveUSD.
Users earn higher, safe yield on Ethereum with coveUSD, while Cove collects management fees. 📈
But the flywheel still has one more trick that jacks fees up to the next level.
Cove can integrate seamlessly into a @MorphoLabs lending market and Yearn v3’s leveraged strategies.
We can scale coveUSD by 5-10× which continues to generate fees, powered by Cove’s 1-click leverage.
The result? For every $1M of deposits Cove will generate $125k annual AUM fees (at 10x leverage).
And so, the cycle is complete.
Leverage boosts coveUSD yield, higher returns attract more coveUSD liquidity, fueling additional Boosties deposits, and expands yield/fees at the same time.
Cove is THE one-stop platform for institutional-grade, diversified yield on Ethereum. 🌐
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