Covenant

A market-making mandate the MM physically can't break. Inventory stays in a contract that owns every order and only gets paid for liquidity the chain can prove.

[Covenant @covenant_mm]

Market makers get paid to quote. Nobody checks that they do.

Covenant turns the mandate into a contract. The inventory sits in escrow, every trade is checked against the agreed band and size, and fees only accrue on intervals that were actually quoted.

[Covenant @covenant_mm]

@Vedansh_S1 Hoping to go big first 🥹

[Covenant @covenant_mm]

Building Covenant: a simpler way for token teams and market makers to work together.

Today an issuer hands a market maker tokens and hopes they don't oversell.
Covenant keeps the inventory in a smart contract and enforces the agreed rules automatically.

crazy demo video soon :)

[Covenant @covenant_mm]

@_abhist_ Soon ⌚

[Covenant @covenant_mm]

@Apaar172 it will be worth it 💯