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Last updated 12 days ago

The landing page shows a list of all market opportunities to mint leverage-coins and yield-coins on Covenant, by depositing base assets.

Market Details​

  • Base Asset: The ERC20 token that can be deposited in the market, which will collateralize the leverage and yield coins

  • Liquidity: The current market liquidity of base tokens

  • Leverage Coin: The target leverage against the underlying base asset.

  • Yield Coin: The APY you lock (and earn) when buying (and holding) a yield-coin, and the currency unit the yield-coin is denominated in (and in which it earns yield).

  • Yield Duration: Determines the price-yield relationship for the yield-coin, and the average duration in which yields are locked given price movements and interest accrual (see perpetual debt whitepaper for more details).