For a better understanding of the following section, the reader is advised to read the bonding explanation at OlympusDAO.

In 2021, OlympusDAO introduced bonds and protocol-owned liquidity (POL) concepts. Convergence uses 30% of CVG total supply to sell bonds, incentivizing users to provide various assets while allowing the protocol to own its liquidity and build a treasury.

However, CVG is not a decentralized reserve currency. CVG does have a maximum supply, and its treasury will not serve any purpose of backing or risk-free value (RFV). As a result, Convergence’s treasury should not be considered as any form of guarantee for CVG’s price.

Understanding BondsOracles and ROI computationUsing bonds

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