March 21, 2024

Convergence RFQ and Eulith partner to enhance liquidity for institutions in DeFi

We’re thrilled to announce our partnership with Convergence RFQ, a fully on-chain liquidity network for market makers and protocols. This partnership will see us integrate Convergence into POEM’s order routing system, thereby delivering even better liquidity for large and complex trades. 

Unique to Convergence’s RFQ is their focus on on-chain trading with a sophisticated risk engine for derivatives, unlocking maximum capital efficiency for on-chain positions. As such, Eulith’s institutional clients get access to a vast network of market makers and liquidity providers, resulting in better trade execution and lower cost of capital for large trading volumes.

“By integrating Convergence RFQ into our DeFi routing system, we are poised to offer our clients unparalleled liquidity, particularly for large and complex trades. This collaboration will undoubtedly enhance the trading experience of our users and further solidify our position as a leader in the industry”, said Lucas, CEO of Eulith.

“We are delighted to join forces with Eulith, recognizing the substantial benefits their platform brings to our network and users, through offering our market makers and liquidity providers access to a broader range of trading opportunities. This partnership marks an exciting chapter for both companies and underscores our shared commitment to driving innovation and excellence in decentralized finance”, added Uwe Cerron, Founder of Convergence RFQ.

About Convergence 

Convergence RFQ is a fully on-chain liquidity network for market makers and protocols. Designed to be highly capital efficient, their RFQ system offers multi-leg buy, sell, and two-way quoting for multi-leg structures including spot and options contracts with a flexible architecture for adding additional instruments such as futures or other delta one derivatives. With the Convergence RFQ system, traders can easily access and transact with a wide range of counterparties, increasing their flexibility and potential profitability. 

About Eulith

Eulith provides asset managers and accredited investors with the best technology and financial services to access & manage capital on-chain. Managers and traders use Eulith’s product suite to raise capital and maximize risk adjusted returns across DeFi and CeFi, while allocators and investors get secure, transparent access to the most exclusive managers in digital assets via SMAs. The company has 40+ institutional clients – including industry leaders like Delphi Digital and Spartan Group – with more than $1B in combined assets.

Kristian Gaylord

Kristian Gaylord

Kristian was previously a C++ developer at the intersection of edge computing AI and the space industry. He holds a BSc in Statistics from Columbia (2021).

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