Depositing Plugins

ConvergeX uses plugins to extend gauge support to any yield-bearing asset.

The heart & soul of the ConvergeX ecosystem is the plugins that it's unique model allows for! Any yield bearing asset created in any protocol on Polygon zkEVM can be integrated into ConvergeX via "plugins".

Once these plugins are integrated, the users would be able to deposit:

*The LP tokens that they have created on AMMs

*Receipt tokens on lending/borrowing apps

*Basically any tokens that generate yield with itself

to ConvergeX, and these yield bearing assets will have their own gauges!

An example of a yield bearing asset being deposited onto ConvergeX.

Just like in Solidly, the vCVGX voters will decide where the emissions will go to by voting amongst gauges, and by doing so, the voters will receive the yield generated from these gauges.

The gauges would be printing $oCVGX as rewards, similar to how $SOLID works on Solidly. The difference would be that these $oCVGX tokens would be a call option on $CVGX, and with oCVGX the users would be able to buy $CVGX at the floor price, which would be 1 ETH.