> ## Documentation Index
> Fetch the complete documentation index at: https://docs.rampartlabs.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Covenant

> CDP and structured products protocol on Monad

<Info>
  **Type:** CDP / Structured Products | **Docs:** [covenant.finance](https://covenant.finance)
</Info>

## Overview

Covenant is a collateralized debt position (CDP) protocol and structured products platform on Monad. Users lock collateral to mint synthetic debt, similar to MakerDAO's design. Rampart exposes aggregate vault statistics for monitoring system health and collateralization levels.

## Functions

### getCovenantStats()

Returns aggregate statistics across all Covenant vaults.

**Returns** `CovenantStats`

| Field             | Type         | Description                             |
| ----------------- | ------------ | --------------------------------------- |
| `vaultCount`      | `number`     | Total number of open CDP vaults         |
| `totalCollateral` | `number`     | Total collateral value locked in USD    |
| `totalDebt`       | `number`     | Total synthetic debt outstanding in USD |
| `protocol`        | `'covenant'` | Protocol identifier                     |

```typescript theme={null}
const stats = await sdk.getCovenantStats()
// → {
//   vaultCount: 142,
//   totalCollateral: 8500000,
//   totalDebt: 4200000,
//   protocol: 'covenant'
// }
```

## Usage Example

```typescript theme={null}
import { Rampart } from 'rampart-monad'

const sdk = new Rampart()

const stats = await sdk.getCovenantStats()

const collateralRatio = stats.totalCollateral / stats.totalDebt
console.log(`Covenant: ${stats.vaultCount} vaults`)
console.log(`System collateral ratio: ${(collateralRatio * 100).toFixed(0)}%`)
console.log(`Total debt: $${(stats.totalDebt / 1e6).toFixed(2)}M`)
```

## Contract Addresses

| Contract        | Address                                      |
| --------------- | -------------------------------------------- |
| CovenantManager | `0x7d5cf24C05A80d4FfC1D4B2d2E4c47d9b8cE2F5a` |