Introduction

Introducing Covo Finance, a 100% decentralized perpetual exchange that allows you to trade major cryptocurrencies like Bitcoin, Ethereum, Matic, BNB, etc. as well as Forex and Metals, with up to 100x leverage directly from your wallet. With low trading fees and zero price-impact trades, Covo is one of the fastest-growing spot and perpetual DEXs on the Polygon network.

Overview

COVO is decentralized trading protocol designed to be powerful and easy to use.

• Trade crypto and forex perpetuals directly from your Web3 wallet.

  • Use USDC as collateral for your orders.

  • Go long to profit from prices rising or short to profit from prices falling.

  • Select leverage up to 100× to multiply potential profits and losses.

• Pool funds to make real yield.

  • Provide USDC as liquidity to traders. (https://app.covo.finance/pool)

  • Pools pay out trader profits and receive traders losses + up to 40% of fees.

  • Pool receives all rewards directly in USDC & MATIC.

• The remainder of the fees goes to order keeper bots for gas expenses, which anyone can operate. Orders are settled on-demand through the Pyth Network and Chainlink.

Value

Everyone should be able to partake in the wealth creation made possible by the free markets. On COVO, value is transparently distributed among participants. You can choose to participate based on your own level of risk tolerance:

• Trade — high-risk, high reward. For active traders who can handle high leverage, rollercoaster volatility, and the profits and losses that come with it.

• Pool — medium-risk, medium-term reward. For liquidity providers looking for real yield with some degree of risk. Trader gains might dent pool returns in the short run but expected returns are positive in the medium-term due to aggregate trader losses and fees.

• Stake — low-risk, long-term reward. For investors who believe in the long-term prospects of the protocol and seek a moderate income with low risk in DeFi.