Built for Robinhood Chain · Chain ID 4663

Your shares, now with a paycheck.

Covera turns your tokenized stock into steady income. Deposit your Stock Tokens and the vault earns covered-call option premium for you — automatically, non-custodial, and verifiable on-chain. The strategy of the institutions, in a single token.

See how it works
Non-custodial Verifiable on-chain EVM · ETH gas Open governance
$COVR Launching
NetworkRobinhood Chain
TypeEVM L2 · Arbitrum
Chain ID4663
Gas tokenETH
CustodyNon-custodial
WalletsPhantom · MetaMask

Connect Phantom or MetaMask. Robinhood Chain (ID 4663) is added to your wallet in one tap — you keep custody of your assets at all times.

Built for Robinhood Chain
Chain ID 4663 · HOOD
Gas paid in ETH
Covered-call income
Non-custodial
1:1 redeemable
Built on Arbitrum tech
EVM compatible
Built for Robinhood Chain
Chain ID 4663 · HOOD
Gas paid in ETH
Covered-call income
Non-custodial
1:1 redeemable
Built on Arbitrum tech
EVM compatible
How it works

Four steps to a
cash-flowing portfolio.

No options chains to read. No expirations to babysit. No approvals to climb. Deposit, and the vault runs the institutional playbook for you.

01

Deposit stock

Add your tokenized Stock Tokens — a single name or a blue-chip basket — into the Covera vault.

02

Vault sells calls

Smart contracts write covered calls at optimized strikes and expirations — and roll them automatically.

03

Premium flows in

Option buyers pay premium. That cash lands in the vault — verifiable on-chain, every single time.

04

You earn

Take the premium to your wallet or auto-compound it. Redeem back to your stock 1:1, anytime.

Why Covera

An institutional income desk,
reduced to one token.

Covered calls have generated income for pensions and endowments for decades. Covera makes that engine open, automated, and yours.

Income while you hold

A static portfolio becomes a cash-flowing one. Premium keeps coming whether the market drifts, dips, or climbs.

Institutional, one tap

The exact playbook of the pros — strike selection, timing, rolling — abstracted into a token anyone can hold.

Fully automated

No strikes to pick, no rolls to time. The strategy engine handles selection and cadence — you simply hold.

Transparent on-chain

Every option written, every premium collected, every distribution — provable on Robinhood Chain. No black box.

Non-custodial

Your keys, your coins. Covera connects to your wallet and never takes custody of your assets or funds.

Composable yield

$COVR is a yield-bearing building block — usable as collateral, in liquidity pools, and across DeFi.

Strategies

One protocol. Three appetites.

Choose how hard your shares work. Every tier is automated end-to-end — the only decision is your risk profile.

Conservative
Covera Steady
Max upside · lower premium

Strikes set far out-of-the-money, so most of your upside stays yours.

  • Keeps most of your upside
  • Lower, steadier premium
  • Built for long-term holders
Most popular
Covera Balanced
Premium & upside, optimized

The sweet spot — adaptive strikes that balance income against room to grow.

  • Optimized premium-to-upside ratio
  • Strikes adapt with volatility
  • The default for most vaults
Aggressive
Covera Boost
Max premium capture

Tighter strikes chase the richest premium — the biggest income stream on offer.

  • Maximum premium capture
  • Tighter strikes, more income
  • For income-maximizers

Returns are determined by live option-market premium and are variable — not fixed, promised, or guaranteed. Covered-call strategies cap extreme upside in sharp rallies and do not remove downside risk on the underlying asset.

Tokenomics

Real revenue.
Real backing.

$COVR yield is cash flow from a proven strategy — not inflationary emissions that dilute you. When the market pays premium, you get paid.

Non-custodial
You hold your own assets — always. Covera never takes your keys.
1:1 redeemable
Every $COVR is fully backed and redeemable to the underlying stock.
Real yield
Income comes from option premium — no token emissions, no dilution.
Community governed
$COVR holders steer strike aggressiveness, assets, and new vaults.
Token
$COVR — yield-bearing vault share
Network
Robinhood Chain · EVM Layer-2 on Arbitrum tech · Chain ID 4663 · gas in ETH
Yield source
Real covered-call option premium (organic cash flow)
Backing
Tokenized equities held in-vault, fully collateralized, 1:1 redeemable
Custody
Non-custodial — you connect your own Phantom or MetaMask wallet
Distribution
Your choice — auto-compound or stream to wallet
Fees
A performance fee on premium generated; a portion routes to the protocol treasury
Governance
$COVR holders vote on strike aggressiveness, supported assets, and new vault launches
Built for Robinhood Chain

Where the shares already live.

Robinhood Chain is an EVM Layer-2 built on Arbitrum technology, bringing tokenized equities on-chain to a mainstream, investing-first audience across 120+ countries — the exact people who own stocks but never touched an options desk. That is Covera's user, already in the building.

Native Stock TokensRobinhood-issued tokens giving real exposure to stocks & ETFs — genuine underlying for the vault.
Fast, EVM, ETH gas~100ms blocks, full EVM compatibility, and gas paid in ETH. Chain ID 4663 — “HOOD”.
120+ countriesTokenized-stock access at global scale — the largest reachable pool of idle equity to put to work.
Roadmap

From vault to ecosystem.

A clear path from launch to a full on-chain income suite on Robinhood Chain.

Phase 01 · Now

Launch

$COVR goes live on Robinhood Chain. Core vault with Steady + Balanced tiers.

Phase 02

Expand

Boost tier, sector & index basket vaults, auto-compound rails.

Phase 03

Compose

$COVR as DeFi collateral, lending integrations, LP incentives.

Phase 04

Govern

Full community governance over strategy parameters and listings.

Phase 05

Scale

Cross-asset vaults, a structured-product suite, mobile-first.

Make your
portfolio work.

Covera brings automated covered-call income to Robinhood Chain. Connect your wallet to enter the vault and turn idle shares into income.

How it works

Non-custodial · Phantom & MetaMask · Chain ID 4663 · Your shares, now with a paycheck.