Earn Interest on Crypto with the Highest APR from Covo DeFi Pools - Seite 2

COVO Finance is known for its model, which aims to maximize the efficiency of capital locked in the protocol to facilitate spot and perpetual trading. Unlike most DEXs which use multiple single-asset pools,

What is the COVO Token?

The COVO token is a utility and governance token. Token holders can use it to vote on proposals to help decide the exchange's future direction. The token holders who stake their COVO also get three other rewards, which the protocol uses to reward users. Firstly, 30% of all generated protocol fees are distributed to COVO stakers. These fees are collected from market making, swap fees, and leverage trading and are paid in Matic. Secondly, the stakers earn escrowed COVO (esCOVO) tokens. These esCOVO tokens can be either staked for rewards or vested. The tokens get converted back into COVO every second with 100% conversion in over 12 months when a User chooses to vest their esCOVO. Therefore, esCOVO emissions are a form of locked staking that prevents inflation and people from immediately selling their COVO. Lastly, stakers earn Multiplier Points that boost their yield and reward long-term holders without contributing to token inflation. These dual incentives stimulate commitment to COVO and further the platform's decentralized ownership. The COVO token has a maximum supply of 210 million, with 165 million tokens added to UNISWAP Liquidity for trading and the remaining tokens reserved for staking rewards.

COVO Finance provides a simple-to-use platform that puts users' money security at the forefront while offering a wide range of tokenization, trading, and revenue-generation services. By staking COVO in the COVO ecosystem, users can benefit from price appreciation and high liquidity incentives, rewards, and Multiplier Points, furthering DeFi adoption and the broader cryptocurrency market. With COVO, users can truly unlock the potential of decentralized finance for different high-risk (and high-gain) strategies, which until now were only available on centralized exchanges.

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Website: https://covo.finance

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