$Here we Go 🧲 💎🤚
$Here we Go 🧲 💎🤚|Apr 25, 2025 07:49
CVGT may bring something new to Solana DeFi! I recently looked at the Convergent project and found it a bit interesting. They use JitoSOL as collateral to mint USV stablecoins with a 0% interest rate, and the profits can be obtained directly, which is quite suitable for friends who want to play some new tricks in DeFi. CVGT is a governance token. The community has the the final say. The casting quota and fees are open and transparent, which seems to be reliable. @Convergent_sto, let's elaborate on the gameplay. Saving SOL will automatically turn it into JitoSOL, allowing you to receive staking rewards and earn MEV profits, with a significant return. Using JitoSOL as collateral to cast USVs will not affect liquidity at all. Pyth provides real-time updates on JitoSOL/USD pricing, with accurate collateral valuation. If the mortgage rate drops below 110%, Nexus will take over the debt and distribute JitoSOL to depositors, ensuring the stability of USV. This mechanism is quite rare in the Solana ecosystem and is indeed a bit innovative. Convergent's goal is also quite wild, wanting to develop decentralized stablecoins and challenge those centralized "big brothers". According to public data, they are following the path of fair distribution, without pre-sales or VC intervention. The team and community started together, and I quite agree with this model. In the long run, if the ecosystem of liquid staking and stablecoins can be developed, CVGT may have some potential. Join now if you want some CVGT Airdrop 👀 follow @pulse_CVGT to enter 👇👇👇
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads