Tokens (CVGT & USV)

USV

USV is the LSD-centric, USD-pegged stablecoin for paying out loans on Convergent. At any time USV can be redeemed against the underlying collateral at face value.

CVGT

CVGT is the protocol token of Convergent. Users can stake CVGT to capture the fee generated by the protocol (issuance + redemption fees) on a pro-rata basis. To illustrate, if there are 1000 CVGT tokens staked and you own 100 of them, you will receive 10% of the protocol fees. How are these tokens released / emitted? Our protocol dynamically emits CVGT tokens to Nexus Depositers to incentivize USV deposits.