Convergence for Stake DAO
Last updated
Last updated
Convergence provides a rewards-boosting platform on top of Stake DAO, allowing stakers and liquidity providers from various protocols to benefit from enhanced rewards through boost socialization.
Depositing Stake DAO’s liquid lockers tokens (sdTKNs) and LP tokens (LPs) into Convergence allow stakers to claim boosted rewards, such as CRV and SDT, with CVG added on top.
Convergence also provides a liquid staking solution for SDT. Staked cvgSDT receives native veSDT rewards, SDT rewards, and CVG on top.
Convergence has no deposit or withdrawal fees. However, some fees are taken on SDT received by the system.
The governance power on Stake DAO held by Convergence is delegated to CVG lockers.