# Convergent

<figure><img src="https://3926205120-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6EwS41fktMYXLRlqJoxM%2Fuploads%2FXkustIrLx4bakyMOjkJn%2F_Convergent_KV_v4plain.jpg?alt=media&#x26;token=3a566dea-48e8-492d-bf13-b822a779d971" alt=""><figcaption><p>Converge your SOL</p></figcaption></figure>

## The Convergent Ecosystem

* [Convergent Protocol](#convergent-protocol)
* [｢ A G E N T S ｣ ](#a-g-e-n-t-s)
* [FRAGMENTS](#fragments)

## Convergent Protocol

*Unleashing the LSD market with decentralized money legos built for decentralized finance.*

Convergent is a LSDFi protocol built on Solana that allows users to mint USV, a fully decentralized stablecoin by over-collateralizing SOL at 0% interest. The protocol automatically stakes the corresponding SOL on [Jito](https://www.jito.network/staking/), allowing users to earn staking rewards and MEV yield in the background while holding a liquid stablecoin that can be used to participate in Solana DeFi.\
\
Learn more [here](https://docs.convergent.so/convergent/convergent-protocol-v1)

### Key Features of Convergent Protocol v1

Convergent is designed to maintain a value of 1 USV = 1 USD with the following features:

* 0% interest loans - no interest fee is charged for USV borrowers so users don't need to worry about constantly accruing debt&#x20;
* Yield generating - USV holders can earn staking rewards (via Jito) and maintain long SOL exposure while engaging in Solana DeFi. The protocol takes 0 haircut fees from the staking yield.
* Over-collateralization - the value of collateral in the system exceeds the value of issued USV tokens&#x20;
* 100% decentralized - inherent censorship resistance with 0 dependency on centralized + endogenous assets for peg stability and system solvency.
* Customizable LTV - based on user's risk appetite / preferences, USV can be minted at any collateral ratio above 110%.
* NFT Integration - built-in synergies between dApp and [｢ A G E N T S ｣ ](https://docs.convergent.so/convergent/a-g-e-n-t-s)(more details coming soon).

## ｢ A G E N T S ｣&#x20;

*Gateway into the Convergent ecosystem*

<figure><img src="https://3926205120-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6EwS41fktMYXLRlqJoxM%2Fuploads%2FzDOqR2K5ZlhaVcRars70%2Fconvergent-screensaver.jpg?alt=media&#x26;token=a764f0dc-f016-4f1e-bb2e-1df0b01c85dc" alt=""><figcaption></figcaption></figure>

* Total supply: 1000
* Launchpad: Magic Eden
* [Utility](https://docs.convergent.so/convergent/a-g-e-n-t-s/utility): Staking to earn FRAGMENTS / Protocol fees&#x20;
* Mint Date: April 2nd 2024&#x20;

## FRAGMENTS

*He who controls FRAGMENTS controls the Convergent universe*

<figure><img src="https://3926205120-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6EwS41fktMYXLRlqJoxM%2Fuploads%2FVzOghx84gcK2WoosjNl5%2F_Convergent_feed_Fragments.jpg?alt=media&#x26;token=119466d0-e547-43a4-bf86-5a6961fc0069" alt=""><figcaption></figcaption></figure>

* Each FRAGMENT embodies a glimpse into the unfathomable depths of the Convergent Universe.
* Users can earn FRAGMENTS by interacting and using Convergent's core products.
* Rewards will be distributed retroactively based on how many FRAGMENTS each user has earned.&#x20;