$Syrup x Converge Read-Through
- $Syrup partners with Converge (@convergeonchain)
- Converge is a new EVM-based blockchain from @ethena_labs and @Securitize designed to be a settlement layer to on-board TradFi.
- This allows for Converge to use Maple’s infrastructure and liquidity to drive ambition to become the rails for institutional on-boarding.
- This partnership follows recent developments including syrupUSDC on Solana launch, accepting $HYPE as collateral, and BTC-backed financing from Cantor.
- TVL growth continues to climb, now $2.8b, +500% YTD (from $555m Jan1).
- We continue to believe $Syrup is on-track to reach, if not exceed $4b TVL EoY and likely a valuation in the $800m-$1b range.
6.33K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.