Overview

ConvergeX draws inspiration from the Solidly system, exhibiting both similarities and differences in their approaches to liquidity provision, rewards, and token emissions.

Feature	Solidly	ConvergeX
Primary Token	SOLID	CVGX
Voting Token	veSOLID	vCVGX
Incentive Token	SOLID	oCVGX (Call option on CVGX, strike price = floor price, no expiration)
Vote Escrow Lock	Fixed lock (4 years)	1 week unlock period
Assets Belong To	Solidly AMM	Any yield bearing asset can be integrated
Primary Token Liquidity	Incentivized	Token-owned Liquidity: Bonding Curve
Voting Token Revenue	SOLID: locked (ve33 rebase) Voter Rewards: swap fees	oCVGX: unlocked Voter Rewards: swap fees, yield, interest, etc. Swap Fees: 50% of the ETH coming from bonding curve swap fees
Floor Price	NA	1 ETH/CVGX
Borrow against Voting Token	NA	Borrow at floor price, no liquidation

Solidly is designed to support its own AMM LP tokens, with revenue primarily derived from swap fees. The system concentrates on incentivizing swap fee generation, and veSOLID holders who vote for specific gauges earn those swap fees.

Diagram of Solidly

On the other hand, ConvergeX is an inclusive version of the Solidly system, capable of supporting any yield-bearing asset. This allows for various revenue streams, such as token emissions, swap fees, interest, or even game revenue. ConvergeX's flexibility and adaptability to different AMM LP tokens and yield types make it a versatile system catering to a wider range of DeFi use cases and strategies. Additionally, it can remain competitive as new technology emerges.

ConvergeX also introduces a unique bonding curve mechanism that enables call option emissions and offers several innovative features. These include Token-owned Liquidity (ToL), single-sided liquidity provisions (eliminating impermanent loss), deep liquidity and low slippage at inception, an immutable floor price at 1 ETH/CVGX, and borrowing against vCVGX without the risk of liquidation.

Diagram of ConvergeX (Compared to Solidly on Fantom)