Convergent on Solana: Real Yield?? Real Stablecoin?? I spotted @convergent_so trending on Yaps Market Kaito the other day and decided to dig in. The graphics really grabbed me in btw As someone who’s been deep in DeFi and crypto for years, farming, looping, testing new primitives across chains , itt promises high APRs or points. So i had to look at it. So whats up there? Convergent is a new protocol on Solana that lets you mint a decentralized stablecoin called USV using your SOL, with zero interest. The collateral you put up gets staked on Jito, so you earn both staking rewards and MEV yield, even while you borrow. HUHH??? You post SOL as collateral. Protocol auto-stakes it with Jito = real yield. You get USV, a stablecoin you can actually use. You pay no ongoing interest. Just a one-time fee that adjusts with market conditions. When you’re done, you repay the USV and get your yield-bearing SOL back. Simple. Clean. On-chain. Everything earns yield. Your SOL becomes JitoSOL the second you deposit. Liquidations are clean. If your collateral drops too low, Nexus steps in, absorbing the debt and distributing the liquidated collateral to USV stakers. (THIS IS SERIOUSLY you need to look into this) The stablecoin is just SOL → JitoSOL → USV. very simple I like that the protocol uses Pyth for price feeds and keeps liquidations strict (under 110% gets zapped). No games. As someone who’s looped Maker, poked at Frax, and survived FTX and USDT, chased stablecoin experiments across N+ chains, personally im not putting money into it. WHY? I only really trust USDC and BTC, ETH, and SOL at the moment, every stablecoin i have used in the past i got screwed one way or another. Hey they have a cool roadmap too Not financial advice. But, i will look deeper into it and try it on a hot sol wallet. I love passive income, I love mining, I like staking rewards. This could be the real DEFI, get back in a few days after i do more trying on it.