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Converge Sets the Stage for Scalable Cross-Chain DeFi
The blockchain project, a collaboration between Ethena Labs and Securitize, has finally shed light on its technical specifications and roadmap. The recent announcement highlights Converge’s ambitious goal of delivering high-speed, scalable decentralized finance (DeFi) infrastructure suitable for institutional investors.
To achieve this objective, the Converge network will integrate Arbitrum, Celestia, and G2 sequencer technology to provide a seamless experience. This integration enables fast transactions, ensuring that institutions can access cross-chain DeFi capabilities without compromising on speed or security.
A key innovation in the Converge architecture is its utilization of stablecoins as gas tokens. In an effort to simplify the process, users will be able to purchase USDe and USDtb as gas tokens, thereby eliminating the unpredictability associated with fluctuating gas prices. This shift could significantly improve the DeFi ecosystem’s accessibility for institutional investors.
Furthermore, Converge is poised to enable account abstraction using ERC-7702. This feature allows developers to set batch transactions and process multiple operations simultaneously, reducing the overall cost and enhancing scalability.
Converge’s vision aligns with its mission of providing a comprehensive platform that connects institutions with decentralized finance applications. By fostering seamless cross-chain interactions and offering simplified gas token functionality, Converge has the potential to revitalize the DeFi landscape and reinvigorate investor confidence.
With this breakthrough technology, it is essential for investors to stay informed about the progress being made in the blockchain space.
Source: https://www.crypto-news-flash.com/converge-sets-the-stage-for-scalable-cross-chain-defi/?utm_source=rss&utm_medium=rss&utm_campaign=converge-sets-the-stage-for-scalable-cross-chain-defi
