What is Convergent?

Convergent is a decentralized finance (DeFi) protocol operating on the Solana blockchain, focused on maximizing yield opportunities through the integration of liquid staking derivatives (LSDs). Its primary offering is USV, a stablecoin backed by LSDs like JitoSOL, allowing users to earn staking rewards and MEV (Maximal Extractable Value) yields while maintaining liquidity. Users can mint USV by collateralizing SOL with a minimum of 110%, enabling them to leverage their assets without sacrificing staking benefits.

The platform's architecture supports a modular ecosystem of DeFi applications, including NFTs and point-based reward systems, aiming to enhance user engagement and financial efficiency within the Solana network. The protocol is designed to provide a seamless experience for users seeking to optimize their Solana-based assets through innovative DeFi solutions.