Description
coveUSD is Cove Protocol’s flagship vault. It dynamically allocates deposited capital across curated high-yield strategies using off-chain intelligence and on-chain automation. Cove states that its vaults are ERC-4626 and ERC-7540 compliant and designed with protections from LVR, slippage, MEV, and fees. The protocol is in withdraw-only mode: deposits are disabled and rebalances halted, while withdrawals remain available.