About the Project
Convergence will be the first AMM to make real world asset exposure interchangeable in the DeFi space by connecting Wrapped Security Tokens (WSTs) with Utility Tokens on a single interface that is easy to use, adopt and composable with other DeFi protocols. Convergence enables asset owners to access decentralized DeFi liquidity, while DeFi users can access real world asset exposure (such as in private / unicorn companies or exotic real world assets). Convergence Finance combines the advantage of security tokens with the liquidity, automation and transparency features of DeFi to bring real world asset exposure to DeFi.
About the Integration
This integration will make Convergence Finance the first real-world asset AMM in the Polkadot ecosystem, offering users lower gas fees and faster transactions for an enhanced trading experience.
Convergence’s infrastructures will be built on Moonbeam, allowing the protocol to be deployed seamlessly to Web3 and Polkadot Substrate environments. This will also make Convergence the first real-world asset AMM in the Polkadot ecosystem.
Convergence Finance is integrating with Moonbeam for these reasons:
- EVM compatibility — Moonbeam provides a full EVM implementation, a Web3-compatible API, and bridges that connect Moonbeam to existing Ethereum networks.
- Multi-chain solution — Convergence strives to be the first mover in the DeFi space, and many believe that cross-chain interoperability is the future.
- Polkadot ecosystem and security — Polkadot and Substrate act as a cornerstone in the Moonbeam ecosystem.
With strong backup from Moonbeam, Convergence is set to launch more products like ConvPool and ConvO.