Pendle Integrates with Converge for Institutional Fixed Yield Access
Pendle Integrates with Converge for Institutional Fixed Yield Access
🏦 Institutions Enter DeFi's VIP Room
Pendle announces integration with Converge, an upcoming Arbitrum chain built by Ethena Labs and Securitize, to provide KYC-compliant institutional access to iUSDe fixed yield products.
Key features of Converge:
- Native gas tokens: USDe and USDtb
- 100ms block times (targeting 50ms)
- Validator network using sENA with Celestia
- Support for multiple programming languages via Stylus upgrade
The platform will facilitate approximately $7B in dollarized asset liquidity, including USDe and Blackrock BUIDL. This integration marks a significant step toward institutional DeFi adoption.
With Pendle on Converge, the foundation is set for KYC-gated, institutional access to Ethena iUSDe fixed yield, powered by Pendle Pendle🤝 Converge 🤝 Ethena
⚡@pendle_fi is joining Converge. One of DeFi’s biggest success stories, growing from lows of under $10 million TVL to over $5 billion in just two years. 📈 We’re excited to be bringing Pendle to Converge as one of our core apps to unlock yield trading on a range of dollarized
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