Pendle Integrates with Converge for Institutional Fixed Yield Access
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.