Convergent price

General Liang, who played contracts, actually played meme coins? After some research, $CVGT is actually not a meme coin, this project background is still quite strong, and it is making a native decentralized stablecoin of the Solana ecosystem. @convergent_so The wind of stablecoins has finally blown to every corner of the currency circle. Convergent's gameplay is very clever, and by cooperating with JTO, the largest liquidity staking protocol in the Solana ecosystem, you can obtain a huge liquidity advantage. You know, liquidity is the primary issue for new stablecoins. The general logic is: Users can stake SOL → stake it as JitoSOL→ mint it into USV (the project's stablecoin) → can be used in other Defi projects. Another point to pay attention to is that this is an income-yielding stablecoin. The current stablecoin bill in the United States has a provision that does not allow stablecoin companies to pay interest to users. The same provisions are present in Hong Kong's stablecoin draft. The purpose of this rule is actually to make stablecoins really a payment tool, rather than a so-called investment income to compete with bank deposits. However, there is a very strong demand for "interest-bearing stablecoins" in the market, for example, if you are a business or a large investor with a large amount of reserve funds, you still expect to obtain stable income under the premise of ensuring security. If you convert it to USDT/USDC and put it there, there will be no gain, but Tether and Circle take the dollars they acquire at no cost to manage and swallow the profits, so this is also an opportunity for interest-bearing stablecoins. Only decentralized stablecoins made by Web3 companies can bypass compliance restrictions in disguise to a certain extent, packaging some CeFi and DeFi wealth management products into stablecoins, providing users with stable income or even high returns. This is also the biggest competitiveness of decentralized stablecoins. In short, as a decentralized interest-bearing stablecoin project on SOL, $CVGT still has a lot of room for imagination and may be able to take advantage of the situation. We can keep an eye on it.

In the early morning of last night, Ke Cub's "Membership Contract Group" shouted $CFX In the early morning, WeChat dog fighting second group allows everyone to move their fingers to participate in the interaction of $CVGT official push, and you can receive airdrops, with a single number of 40U💰 The wealth effect of the cub is in the small circle, if you want to get some gossip in the future, please interact with this tweet 🙏

many thanks @convergent_so 🤓🤓🤓

I really regret it, the bottom is buying the bottom, I haven't done anything in the past few months, and I've been holding tens of millions of dollars 😅 in spot, the more I think about it, the more angry I become, I heard from my friend that I bought the project CVGT on SOL, I plan to take two months to see if it can skyrocket, I have missed too much in the past few months, but if I hold the spot for a few months, I don't have to sell the house, you can support me, help me pull the market down thank you, I have lost a lot recently, I have spare money to buy some, let me earn it 🫠

Even the village chief is asking how to make money with stablecoins. Should we just buy USDT? Today, Messari released a 128-page report titled "The State of Stablecoins," and the China Merchants Research Institute also published a similar report. Nowadays, if you don't mention stablecoins, you might feel embarrassed to greet someone. I learned a lot from the report. Stablecoins can be divided into payment, trading, and yield types. Wow, there are so many kinds of stablecoins? Let's dive in! ⬇️ The three types of stablecoins mainly differ in the types of assets they are pegged to and their pegging methods. Most payment and trading stablecoins are still aimed at compliance, usually pegged 1:1 to endogenous assets like the former UST or permissioned assets like DAI and USDC. However, many people are not familiar with yield-type stablecoins. What keeps yield-type stablecoins "stable"? The answer lies in arbitrage, redemption, and dynamic fees, driven by actual yield rates, and they are 100% decentralized. If we were to find a comparable concept, it would be akin to hedging spot leverage. That sounds too abstract; let me give you an example. ▰ Users deposit SOL into Jito and receive JitoSOL. ▰ Users mint USV with 0 interest using JitoSOL. This way, we get the DeFi native stablecoin $USV, which improves capital efficiency, generates real yields, is completely decentralized, and can effectively resist de-pegging. $USV is a yield-type stablecoin solution created by @convergent_so, powered by two absolute giants in the Solana ecosystem, @jito_sol and @PythNetwork. Interestingly, $USV hasn't launched yet, but Convergent has already fairly launched a platform token $CVGT, with no pre-sale, no VC, and no lock-up, 100% fair launch, and the CA ending with pump: B7zNKphr8fjczB71oi9uF9pCd5XSNJvBn78TVF7kpump I thought it was a low-quality project, but after checking, both Jito and Pyth's official Twitter accounts have retweeted and interacted, confirming its legitimacy. CVGT is a governance token for the platform and can be considered a cold start. I haven't seen it anywhere else, so I don't know if it's intentionally low-key or just the rhythm of the market. It rose to $8 million and has now fallen back to $2.4 million, having washed out. Currently, the official Twitter is active again, possibly indicating that USV is launching soon. If the popularity of stablecoins doesn't wane, as a yield stablecoin supported by the two major giants in the Solana ecosystem, $USV should have some movements, and the platform token CVGT can benefit from the issuance and redemption fees of the stablecoin, which is undoubtedly a huge advantage. However, all innovations are not easy. Compared to those stablecoins that everyone can understand at a glance, Convergent is worth paying attention to. This is a soft-core popular science article. Through this article, you can gain a basic understanding of the following knowledge: ▰ What are yield-type stablecoins? ▰ How does Convergent create stablecoins? ▰ Projects without VCs are considered low-quality (not really). Author: anymose | A soft-core popular science writer <End of full text> * This article is for informational purposes only and does not constitute any investment advice. Always remember to DYOR!