Convergent
Unus pro omnibus, omnes pro uno
Last updated
Unus pro omnibus, omnes pro uno
Last updated
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, 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
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
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
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 ｣ (more details coming soon).
Gateway into the Convergent ecosystem
Total supply: 1000
Launchpad: Magic Eden
Utility: Staking to earn FRAGMENTS / Protocol fees
Mint Date: April 2nd 2024
He who controls FRAGMENTS controls the Convergent universe
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.
