
$Here we Go 🧲 💎🤚|May 16, 2025 03:10
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come from http://go.yap.market The project @ convergent_so
Convergent's innovative design is remarkable!
They are building a stablecoin system supported by LST on Solana, with the core highlight being its 0% interest rate USV minting. This means that users can mint stablecoin USV at almost no cost, which is quite novel in the DeFi field.
Convergent chooses @ jito-usol as collateral for USV. JitoSOL is a revenue oriented SOLANA liquid collateral token, which means that the collateral itself can generate revenue. This design cleverly integrates staking profits into the stablecoin system, providing users with additional potential sources of income. To ensure the stability and security of the system, Convergent integrates real-time price feeds from @ PythNetwork, providing reliable data support for collateral valuation, clearing mechanisms, and borrowing processes.
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The upcoming CONVERGENT protocol is expected to become a key catalyst for the project, further improving and empowering the entire ecosystem, and potentially attracting more users and capital inflows.
Convergent has demonstrated unique innovation in the Solana DeFi field through its 0% interest rate USV, JitoSOL supported revenue strategy, and Pyth Network's real-time price guarantee. With the launch of the protocol, its potential is worth looking forward to. You may follow @ convergent_so to learn more about the latest developments.
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