Welcome

Perpetual Debt, a new DeFi Primitive

Covenant, where borrowers mint debt against long-tail and hard-to-price collateral, and lenders can access market-priced debt opportunities. For this, we introduce a new DeFi primitive: tradeable perpetual debt.

Here you will find short intros to Covenant, including details on the protocol debt product, a litepaper explaining tradable perpetual debt, as well as guides on how to use the app.

Please drop in to the community Discord server if you have any questions!