FAQ

What network is it on?

Ethereum mainnet — that is what Covenant launches on. Rehearsals run on Ethereum Sepolia (chain 11155111), and that is the only place anything is deployed today, so testnet CVN has no value. See Deployments.

Do I have to sell to get a bond?

No, and committing is the better path. A sell (without a commit bond) gives you a bond at 10%/day and costs you 22.4% of the sale. Committing directly gives you 15%/day — the 10% base plus the +5 boost — and costs you nothing beyond the commitment itself.

Can I get my committed tokens back?

No. The principal is a basis for computing rewards, not a balance. Committed tokens join the reward pool and are paid back out to bond holders generally.

Is this a burn?

No. Committed tokens are not destroyed — they move into the distributor and are redistributed. Anyone can verify this on the explorer. If you see the project described as burning tokens, that description is wrong.

Where does the yield come from?

A 20%-of-supply reserve, plus the tokens committed by participants. Not from trading fees — those go entirely to the creator.

Will the rewards last forever?

No. The reserve is finite and nothing refills it. How long it lasts depends on how much is committed and how often people harvest, so any duration quoted in advance would be a guess — the app shows what is left. After that, payouts stop. This is stated in the reward pool and known risks.

What if I end up with lots of small bonds?

Every sell opens a separate position, so they add up. merge folds them into one — like with like only: the bonds must share the same origin and the same boost state. The resulting rate is the amount-weighted average of the parts, so merging cannot manufacture a better rate than you had.

Does claiming reset my rate?

No. Claiming pays out and leaves the rate exactly where it was.

Can I let rewards pile up and claim once a week?

No. Rewards are windowed: each claim (or compound) harvests at most one six-hour window of accrual, and windows you skip are forfeited — they never accumulate. Showing up every window collects everything; showing up weekly collects one window per visit.

How fast can I reach 20%/day?

20 compounds from a commit bond with its boost alive (5 days at one per six hours), 40 from a sell-side bond (10 days). Compounding less often takes proportionally longer.

What is the boost?

Every bond earns the 10%/day base. A bond opened deliberately — a commit bond — carries +5 points on top, 15%/day effective at birth, and the effective rate is capped at 20%/day. The boost is the protocol pricing the difference between choosing to commit and being retained on a sell.

What makes me lose the boost?

Moving even one token out of your wallet — a sell or a transfer, of any size. The moment it happens, every commit bond the wallet holds loses its +5 points, permanently for those bonds; the compound steps already earned are kept, and the ladder can still climb to 20%. Committing more, claiming rewards and receiving tokens change nothing. A commit bond you open later starts boosted again.

Why did my sell not create a bond?

Because the sale fitted inside your retention-free allowance: no 20% retention, no new bond — you paid the 3% tax only. Two things had to be true: the allowance your commitment opened covered the whole amount, and the protocol could see that the wallet spending it was the wallet selling — either the sale went through the official app, or the CVN sold left your wallet in that same transaction. Both hold on the ordinary routes, so the exemption is not tied to one interface.

How much can I sell without retention?

Five times your commit principal, in total, for as long as the protocol lives. The app shows what you have left. Every exempt sale subtracts its full amount from it, and committing more — or compounding a commit bond, since that grows its principal — raises the ceiling. Once the allowance is spent, selling costs the full 22.4% again and mints a bond, exactly like a wallet that never committed.

The quota is cumulative rather than per-sale on purpose: a per-sale rule would let a large holder with a token-sized commit bond cut any amount into small slices and exit it all retention-free.

Why is the tax higher than 3% right now?

You are in the launch window. The tax starts high to make sniping the opening blocks unprofitable and decays linearly to 3%. It can only go down, the schedule is fixed in the contract, and nobody can restart it.

Why can't I sell right at launch?

The launch liquidity holds only tokens and no ETH, so there is nothing to pay a seller with until buyers have moved the price into the band.

Can the team take the reserve?

The operator chooses when tranches move, never where. The destination is frozen before any token can leave, and the vault has no other exit. See CovenantBonds & CovenantBondVault.

Has it been audited?

Internally, in July–August 2026 — two critical flaws were found and fixed. No external audit has been done.