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Covenant is a smart-contract system for trustless, protocol-owned liquidity agreements. It was developed by Timewave to let blockchains and DAOs deploy, manage, and coordinate treasury liquidity and protocol-to-protocol deals without intermediating multisigs. Covenant v1 was audited and deployed for use in the Cosmos/Neutron ecosystem; initial development and audit funding came via a Stride / ATOM Accelerator grant (~$131,891). ([timewave.computer](https://timewave.computer/))

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