Covenant transforms assets into leverage and yield - creating fully-backed credit that multiplies DeFi liquidity. Join us: https://xitter.cf/t.co/DUKvlJVToc
On-chain
Joined February 2023
- Tweets798
- Following27
- Followers4.3K
- Likes1.1K
Pinned Tweet
Covenant Talents are back. 🚀
Season 3 begins now, with 13M points available through the end of December.
A new season for the top participants in the Covenant ecosystem.
• Provide liquidity -> earn Talents
• Refer friends -> 10% boost + more Talents
• Engage on X -> 10% boost
Season 3 starts now.
New market for #wstETH from @LidoFinance
Hold #wstETHx2.USD for long on ETH
Hold #USD.b.wstETH to lock in yields
"Why can't we have both credit market isolation and shared liquidity?" - hits hard
Why can’t we have both credit market isolation and shared liquidity?
Really like Tarun’s analysis of the trade-off within today’s lending paradigm: liquidity is pre-approved to fund eligible debt at par—$1 lent for $1 of debt.
But what if we change that assumption? Let debt trade at a market price: when demand weakens, the same debt raises less cash.
That’s the direction we’re exploring with @covenantFi : tranche collateral into junior equity and tradable senior debt. Keep credit risk isolated, while sharing liquidity for trading the debt.
Trader or yield maxi?
Trader - #shMONx2 enhances your alpha
Yielder - #USD.b.shMON has averaged 10% APY, fully backed by @0xFastLane liquidity
New market for #syrupUSDC from @maplefinance
Lever up your syrup, or lock in rates on Covenant.
How?
Bridge or swap into syrupUSDC and mint or swap into Covenant
app.covenant.finance/market/…
One new market a week... 🚀
Credit RWAs live mostly at par, slowly accruing yield, boring... until they are not.
And when they are not, they will be priced on Covenant.
