Protocol Information
Cove is the first onchain portfolio manager. Traditional AMMs are not well suited for portfolio or index construction because they suffer from loss-versus-rebalancing (LVR). This is because of toxic order flow: all trades execute at worse-than-market prices. Cove proposes an innovative new approach that eliminates LVR and earns more for liquidity providers. Cove is optimized by Gauntlet and audited by Trail of Bits, Quantstamp, and yAudit
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
Cove Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 28, 2025 to Oct 27, 2026.
All-time high TVL: $2.76m on Sep 3, 2025. All-time low TVL: $258 on Mar 14, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $262 |
| Sep 29, 2026 | $262 |
| Sep 30, 2026 | $262 |
| Oct 1, 2026 | $262 |
| Oct 2, 2026 | $262 |
| Oct 3, 2026 | $262 |
| Oct 4, 2026 | $262 |
| Oct 5, 2026 | $262 |
| Oct 6, 2026 | $262 |
| Oct 7, 2026 | $262 |
| Oct 8, 2026 | $262 |
| Oct 9, 2026 | $262 |
| Oct 10, 2026 | $262 |
| Oct 11, 2026 | $262 |
| Oct 12, 2026 | $262 |
| Oct 13, 2026 | $262 |
| Oct 14, 2026 | $262 |
| Oct 15, 2026 | $262 |
| Oct 16, 2026 | $262 |
| Oct 17, 2026 | $263 |
| Oct 18, 2026 | $263 |
| Oct 19, 2026 | $263 |
| Oct 20, 2026 | $263 |
| Oct 21, 2026 | $263 |
| Oct 22, 2026 | $263 |
| Oct 23, 2026 | $263 |
| Oct 24, 2026 | $263 |
| Oct 25, 2026 | $263 |
| Oct 26, 2026 | $263 |
| Oct 27, 2026 | $263 |
TVL at each month end, Aug 2025 to Oct 2026
| Date | TVL |
|---|---|
| Aug 31, 2025 | $2.6m |
| Sep 30, 2025 | $2.57m |
| Oct 31, 2025 | $2.55m |
| Nov 30, 2025 | $2.22m |
| Dec 31, 2025 | $1.09m |
| Jan 31, 2026 | $12,913 |
| Feb 28, 2026 | $12,691 |
| Mar 31, 2026 | $259 |
| Apr 30, 2026 | $259 |
| May 31, 2026 | $260 |
| Jun 30, 2026 | $261 |
| Jul 31, 2026 | $261 |
| Aug 31, 2026 | $262 |
| Sep 30, 2026 | $262 |
| Oct 27, 2026 (latest) | $263 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/cove-protocol
Frequently asked questions
What is Cove Protocol's TVL?
As of Oct 27, 2026, Cove Protocol has $263.17 in total value locked. TVL has increased 0.4% over the past 30 days.
What chains does Cove Protocol operate on?
Cove Protocol operates on Ethereum. Ethereum holds the largest share at 100%.
How does Cove Protocol's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Cove Protocol ranks #370 by TVL. The category holds $4.613b across 570 protocols, and Cove Protocol accounts for <0.1% of that total. Similar protocols include Spark Savings, Pendle V2, Convex Finance, Stake DAO Yield, Avalon Superearn, Concentrator, Lorenzo sUSD1+, Yuzu Money, infiniFi, and Wise Token.