Documentation Index
Fetch the complete documentation index at: https://cobo.com/products/agentic-wallet/manual/llms.txt
Use this file to discover all available pages before exploring further.
What is DeFi
Decentralized Finance (DeFi) is a set of financial services built on public blockchains. DeFi protocols run as open-source smart contracts — typically requiring no accounts, no KYC, and no intermediaries. All logic and balances are on-chain and publicly verifiable.
Key DeFi primitives
| Primitive | What it does | Example protocols |
|---|
| Token swaps (DEX) | Exchange one token for another at a market rate | Uniswap, Curve, Orca |
| Liquidity provision | Deposit tokens into a pool to enable DEX trading; earn a share of fees in return | Uniswap v3, Curve |
| Lending and borrowing | Earn interest by supplying assets; borrow against collateral | Aave, Compound |
| Liquid staking | Stake native tokens and receive a tradable receipt token | Lido (stETH), Jito (jitoSOL) |
| Yield aggregators | Automatically route and compound positions across protocols to optimize returns | Yearn, Convex |
DeFi risks
Smart contract risk — Protocols can contain bugs or be exploited. Prefer audited protocols with long track records.
Price impact and slippage — Large trades move the market price. Always set a minimum acceptable output when swapping.
Liquidation risk — Borrow positions are liquidated automatically if collateral value falls too far. Agents managing leveraged positions must monitor health continuously.
Impermanent loss — Providing liquidity may return less value than simply holding the tokens if prices diverge significantly.
How agents interact with DeFi
An agent executes DeFi operations by calling smart contracts — the same way any on-chain participant would. See Smart contracts for how contract calls are structured.
The difference with Cobo Agentic Wallet is that every contract call is validated against the owner’s Pact policy — a configurable ruleset that defines which contracts, which functions, and which parameter limits the agent is allowed to use — before it is signed and broadcast.
The agent operates autonomously within those bounds. No manual approval is needed per transaction unless a policy threshold is exceeded.
