{"id":"convergence-finance","version":1,"language":"en","title":"Convergence Finance","hidden":false,"content":"**Convergence Finance** is a [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) platform that facilitates the trading and management of tokenized assets through an [Automated Market Maker (AMM)](https://iq.wiki/wiki/automated-market-maker) and other tools. It enables asset owners and investors to access [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) and investment opportunities within the [DeFi](https://iq.wiki/wiki/defi) ecosystem, bridging the gap between traditional finance and digital assets. [\\[1\\]](#cite-id-gexx2l8fyy)  \n  \n# Overview  \n  \nConvergence introduces an [Automated Market Maker (AMM)](https://iq.wiki/wiki/automated-market-maker) that allows private tokens to be fractionalized and traded within the [DeFi](https://iq.wiki/wiki/defi) ecosystem. This platform enables asset originators to access [DeFi](https://iq.wiki/wiki/defi) [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) while [DeFi](https://iq.wiki/wiki/defi) users gain access to previously unavailable private assets. By lowering investment barriers and integrating [DeFi's](https://iq.wiki/wiki/defi) [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity), automation, and transparency, Convergence expands access to exclusive investment opportunities for all [DeFi](https://iq.wiki/wiki/defi) participants. It also utilizes advanced AI to enhance trading algorithms, providing a secure and efficient solution for traders to optimize profitability while safeguarding their strategies. [\\[1\\]](#cite-id-gexx2l8fyy)[\\[2\\]](#cite-id-yz8che4yl8)  \n  \n# Products  \n  \n![convergence.webp](https://ipfs.everipedia.org/ipfs/QmdAkp4fcFHvqxuXieV14kfhz7deaBMxjaL5mt6FzRp54C)  \n  \n## Convergence Offering (ConvO)  \n  \nConvergence Offering (ConvO) allows asset owners to conduct [initial token offerings](https://iq.wiki/wiki/initial-coin-offering) by setting token prices and creating a swap pool, with a portion of tokens reserved for Convergence Finance to support ConvX [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity). As part of the Convergence [dApps](https://iq.wiki/wiki/decentralized-application) suite, ConvO facilitates the fractionalization of private assets through a user-friendly interface, enabling asset owners to leverage [DeFi](https://iq.wiki/wiki/defi) [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) and providing [DeFi](https://iq.wiki/wiki/defi) users with access to various investment opportunities, including private-sale tokens and fractionalized [NFTs](https://iq.wiki/wiki/non-fungible-token-nft). [\\[3\\]](#cite-id-ga739v8yoyq)[\\[4\\]](#cite-id-wg5vyipnhiq)  \n  \n## Convergence AMM (ConvX)  \n  \nConvergence [AMM](https://iq.wiki/wiki/automated-market-maker) (ConvX) facilitates 24/7 trading and price discovery of wrapped real assets. It optimizes order routing from aggregated [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) sources to ensure the best prices for traders. ConvX simplifies access for retail investors, fund managers, and digital-native investors to provide [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) and trade within pools. It operates on the [Ethereum](https://iq.wiki/wiki/ethereum) Chain with a 0.30% fee per trade, allocating 0.25% to [liquidity providers](https://iq.wiki/wiki/liquidity-providers) and 0.05% to the protocol. [\\[3\\]](#cite-id-ga739v8yoyq) ![convX.webp](https://ipfs.everipedia.org/ipfs/QmeX1PkSCZiaiUCyRZCcKMMTp3m7XDsZprNEZsZM5kYhPN)  \n  \n## Convergence Pools (ConvPool)  \n  \nConvergence Pools allow asset owners to create and manage market-making strategies, facilitating initial offerings and [providing liquidity](https://iq.wiki/wiki/liquidity-providers) for trading. This setup simplifies access for retail investors, fund managers, and digital-native investors to provide [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) and trade within the pools. ConvPool incentivizes CONV and CONV-[LP](https://iq.wiki/wiki/liquidity-providers) holders to [stake](https://iq.wiki/wiki/staking) their tokens, offering [liquidity providers](https://iq.wiki/wiki/liquidity-providers) 0.25% of trading fees from Convergence X and the opportunity to earn CONV rewards based on the pool's rate. [\\[3\\]](#cite-id-ga739v8yoyq)  \n  \n## Convergence DAO  \n  \nConvergence is governed by a [decentralized](https://iq.wiki/wiki/dao) community of CONV token holders and their delegates, who propose and vote on protocol upgrades. CONV holders with 2% of the total supply delegated to their address can submit governance proposals. [\\[3\\]](#cite-id-ga739v8yoyq)  \n  \n## Moonlit  \n  \nMoonlit is a [decentralized exchange (DEX)](https://iq.wiki/wiki/decentralized-exchange) built on an [Automated Market Maker (AMM)](https://iq.wiki/wiki/automated-market-maker) model, designed to work alongside Convergence Finance's existing product suite. It explores cross-chain compatibility with [Moonbeam](https://iq.wiki/wiki/moonbeam-network) and [Moonriver](https://iq.wiki/wiki/moonriver-network), while Convergence remains focused on making private-sale tokens and venture capital-style investments accessible within the [DeFi](https://iq.wiki/wiki/defi) space. Moonlit also broadens access to private-sale tokens and other novel assets, benefiting from low [gas](https://iq.wiki/wiki/gas) fees and enhanced performance on [Kusama](https://iq.wiki/wiki/kusama) and [Polkadot](https://iq.wiki/wiki/polkadot), ultimately increasing [DeFi](https://iq.wiki/wiki/defi) [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) and democratizing access to exclusive investment opportunities. [\\[5\\]](#cite-id-fx1fdyirf5q)  \n  \n### Moonlit Swap  \n  \nMoonlit Swap is an [Automated Market Maker (AMM)](https://iq.wiki/wiki/automated-market-maker) on the [Moonriver Network](https://iq.wiki/wiki/moonriver-network) ([Kusama](https://iq.wiki/wiki/kusama) [EVM](https://iq.wiki/wiki/ethereum-virtual-machine-evm) Chain) that enables the exchange of [crypto](https://iq.wiki/wiki/cryptocurrency) assets. Each swap incurs a 0.30% fee, with 0.25% allocated to [liquidity providers](https://iq.wiki/wiki/liquidity-providers) and 0.05% to the protocol. [\\[5\\]](#cite-id-fx1fdyirf5q) ![moonswap.webp](https://ipfs.everipedia.org/ipfs/QmNQ7TewmfKuKF9JKm44o27wmZk3JU4QpyyWrLitXL96qA)  \n  \n### Moonlit Liquidity  \n  \nMoonlit Liquidity enables [liquidity providers](https://iq.wiki/wiki/liquidity-providers) to create and manage [liquidity pools](https://iq.wiki/wiki/liquidity-pool), which are collections of funds locked in a [smart contract](https://iq.wiki/wiki/smart-contract) to facilitate swap transactions. Each swap in an [Automated Market Maker (AMM)](https://iq.wiki/wiki/automated-market-maker) is executed against the [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) in these [pools](https://iq.wiki/wiki/liquidity-pool). [Liquidity providers](https://iq.wiki/wiki/liquidity-providers) receive 0.25% of the trading fees from swap transactions as an incentive. [\\[5\\]](#cite-id-fx1fdyirf5q) ![moonliqu.webp](https://ipfs.everipedia.org/ipfs/QmeJUYomVXN5SZgJwyS4AEHqehbP67PFesnoxnj6R1DLHu)  \n  \n### Moonlit Farm  \n  \nMoonlit Farm offers yield-farming pools on Moonlit Finance, which is supported by the [Moonriver Network](https://iq.wiki/wiki/moonriver-network) and developed by Convergence Finance. It incentivizes [liquidity providers](https://iq.wiki/wiki/liquidity-providers) with competitive [APR](https://iq.wiki/wiki/annual-percentage-rate-apr) in $MLIT when they stake their Moonlit [LP](https://iq.wiki/wiki/liquidity-providers) tokens after adding [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) to the [pools](https://iq.wiki/wiki/liquidity-pool). This approach is designed to stabilize [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) and reduce slippage during token swaps. Additionally, Moonlit Farm aims to grow the Moonriver Ecosystem by introducing Community Farms in partnership with other [Moonriver](https://iq.wiki/wiki/moonriver-network) projects, offering double rewards where users can earn both $MLIT tokens and project-specific tokens. [\\[6\\]](#cite-id-z1pnbbogq8e) ![moonfarm.webp](https://ipfs.everipedia.org/ipfs/QmdCWicauXz5EzFBa84NQPMnoKjrRxpbG8nYFyxzam54Xa)  \n  \n# CONV  \n  \nCONV is a multi-chain [utility token](https://iq.wiki/wiki/utility-token) available on [Ethereum](https://iq.wiki/wiki/ethereum) and [Moonbeam Network](https://iq.wiki/wiki/moonbeam-network). It provides access to premium launchpad subscription pools, offers [staking](https://iq.wiki/wiki/staking) rewards in [AMM](https://iq.wiki/wiki/automated-market-maker) pools, grants governance rights for future protocol decisions, and serves as the base token for facilitating cross-chain swaps. [\\[7\\]](#cite-id-5cn4yzl343l)  \n  \n## Tokenomics  \n  \n![Screenshot 2024-08-14 112431.png](https://ipfs.everipedia.org/ipfs/QmSoGggBKyAS67bkW4tKFwAgtne4ABHbzpYw9iQpETpcL5)  \nCONV has a total supply of 10B tokens and has the following distribution: [\\[8\\]](#cite-id-3wkp91tb05w)  \n  \n* Ecosystem: 40%  \n* Strategic: 10.4%  \n* Team: 10%  \n* Community: 10%  \n* Liquidity: 10%  \n* Reserve: 10%  \n* Advisors: 5%  \n* Seed: 4%  \n* Public: 0.6%  \n  \n# Partnerships  \n  \n* [DuckDAO](https://iq.wiki/wiki/duckdao)  \n* Ellipti  \n* [CertiK](https://iq.wiki/wiki/certik)  \n* Hex Trust  \n* [Moonbeam](https://iq.wiki/wiki/moonbeam-network)  \n* Lithium Finance  \n* Synaps  \n* [1inch](https://iq.wiki/wiki/1inch)  \n* [Chainlink](https://iq.wiki/wiki/chainlink)  \n* Cere Network  \n* [Celer Network](https://iq.wiki/wiki/celer-network)  \n* [Biconomy](https://iq.wiki/wiki/biconomy)  \n  \n## Investors  \n  \nIn February 2021, Convergence raised $2M in a seed funding round led by [Hashed](https://iq.wiki/wiki/hashed). Other investors included CMS, Kenetic, NGC Ventures, GBV, [DuckDAO](https://iq.wiki/wiki/duckdao), Paul Veradittakit, and [Alameda Research](https://iq.wiki/wiki/alameda-research). [\\[9\\]](#cite-id-fh2qaih435)","summary":"Convergence Finance is a DeFi platform enabling fractionalized trading of tokenized assets via an AMM, bridging traditional finance and digital assets with enhanced liquidity and accessibility.","categories":[{"id":"defi","title":"Decentralized Finance"}],"promoted":0,"tags":[{"id":"Ethereum"},{"id":"Protocols"},{"id":"DEXes"},{"id":"Polkadot"},{"id":"Online"}],"metadata":[{"id":"references","value":"[{\"id\":\"gexx2l8fyy\",\"url\":\"https://conv.finance/\",\"description\":\"Convergence Finance\",\"timestamp\":1723649761363},{\"id\":\"yz8che4yl8\",\"url\":\"https://medium.com/convergencefinance/introducing-convergence-the-first-decentralised-interchangeable-asset-protocol-19a225b37e9\",\"description\":\"Introducing Convergence | Medium\",\"timestamp\":1723650110273},{\"id\":\"ga739v8yoyq\",\"url\":\"https://medium.com/convergencefinance/product-spotlight-and-roadmap-6456a4024213\",\"description\":\"Product Spotlight | Medium\",\"timestamp\":1723650143084},{\"id\":\"wg5vyipnhiq\",\"url\":\"https://medium.com/convergencefinance/convo-token-subscription-guide-405dbae4a425\",\"description\":\"ConvO Token Subscription | Medium\",\"timestamp\":1723650163355},{\"id\":\"fx1fdyirf5q\",\"url\":\"https://medium.com/convergencefinance/convergence-finance-launched-moonlit-cross-chain-amm-on-moonriver-network-5f450f4a444f\",\"description\":\"Convergence Launches Moonlit | Medium\",\"timestamp\":1723650235972},{\"id\":\"z1pnbbogq8e\",\"url\":\"https://medium.com/convergencefinance/convergence-finance-launched-moonlit-farm-powered-by-moonriver-network-and-introducing-community-e16ce0be0b96\",\"description\":\"Moonlit Farm Launch | Medium\",\"timestamp\":1723650299856},{\"id\":\"5cn4yzl343l\",\"url\":\"https://coinmarketcap.com/currencies/convergence/#About\",\"description\":\"CONV | CoinMarketCap\",\"timestamp\":1723650321214},{\"id\":\"3wkp91tb05w\",\"url\":\"https://www.coincarp.com/currencies/convergencefinance/project-info/\",\"description\":\"CONV Tokenomics | Coincarp\",\"timestamp\":1723650465222},{\"id\":\"fh2qaih435\",\"url\":\"https://icoanalytics.org/projects/convergence-finance/\",\"description\":\"CONV Analytics | ICO Analytics\",\"timestamp\":1723650490367}]"},{"id":"website","value":"https://conv.finance/"},{"id":"contract_url","value":"https://ethplorer.io/address/0xc834fa996fa3bec7aad3693af486ae53d8aa8b50"},{"id":"twitter_profile","value":"https://twitter.com/ConvergenceFin"},{"id":"telegram_profile","value":"https://t.me/convergencefinanceofficial"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/convergence/#Chart"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/convergence"},{"id":"etherscan_profile","value":"https://etherscan.io/token/0xc834fa996fa3bec7aad3693af486ae53d8aa8b50"},{"id":"previous_cid","value":"QmUB6fQEeEc9E4s1kiWo3UFwNDNGcYorR1D8Cxcgez4Wii"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0xacb6c5AD52b8f605299B0d774CE97F26e3DB80c2","profile":{"username":"JSD","avatar":""}},"media":[{"name":"convX.webp","id":"QmeX1PkSCZiaiUCyRZCcKMMTp3m7XDsZprNEZsZM5kYhPN","size":"0.04","type":"GALLERY","source":"IPFS_IMG"},{"name":"convergence.webp","id":"QmdAkp4fcFHvqxuXieV14kfhz7deaBMxjaL5mt6FzRp54C","size":"0.03","type":"GALLERY","source":"IPFS_IMG"},{"name":"moonliqu.webp","id":"QmeJUYomVXN5SZgJwyS4AEHqehbP67PFesnoxnj6R1DLHu","size":"0.04","type":"GALLERY","source":"IPFS_IMG"},{"name":"moonswap.webp","id":"QmNQ7TewmfKuKF9JKm44o27wmZk3JU4QpyyWrLitXL96qA","size":"0.03","type":"GALLERY","source":"IPFS_IMG"},{"name":"moonfarm.webp","id":"QmdCWicauXz5EzFBa84NQPMnoKjrRxpbG8nYFyxzam54Xa","size":"0.05","type":"GALLERY","source":"IPFS_IMG"},{"name":"Screenshot 2024-08-14 112431.png","id":"QmSoGggBKyAS67bkW4tKFwAgtne4ABHbzpYw9iQpETpcL5","size":"0.06","type":"GALLERY","source":"IPFS_IMG"}],"views":20,"events":[{"title":"Convergence Finance","description":"Introducing Convergence","type":"CREATED","date":"2021-02","link":"https://convergencefinance.medium.com/introducing-convergence-the-first-decentralised-interchangeable-asset-protocol-19a225b37e9?source=user_profile---------55----------------------------","multiDateStart":null,"multiDateEnd":null}],"linkedWikis":{"founders":[],"blockchains":[]},"founderWikis":[],"blockchainWikis":[],"ipfs":"QmUB6fQEeEc9E4s1kiWo3UFwNDNGcYorR1D8Cxcgez4Wii","transactionHash":"0x468ef4f41cfc6d40a6dee1ddce035a9e3251b4d416804b3331d4d0f8c475e8c2","created":"2024-08-14T16:02:05.106Z","updated":"2024-08-14T16:02:05.106Z","images":[{"id":"QmSRhhcK2Q6CencpUjh9ATN7ACwCkW6jGfkQiiQSzFEeka","type":"image/jpeg, image/png"}]}