Treasury

Treasury and POL will be used by Convergence to generate yields under various forms to pay off users as an incentive for locking CVG (Govearn or Govern-or-earn mechanism). Every three months, 80% of Treasury yields will be distributed to NFT holders proportionally to their share of the total ysCVG supply. This event is named Treasury Distribution Event (TDE).

As previously mentioned, Convergence will allow users to buy bonds with various stablecoins and assets. Convergence will also use bonds to ensure liquidity providing for the cvgAsset/Asset pools that will be deployed on Curve (starting with cvgSDT/SDT).

The DAO will dynamically manage the deployment of Treasury assets. Rewards will be harvested and reinvested regularly.

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