The DeFi landscape is witnessing a surge in yield-bearing stablecoins. Ethena's USDe has become the third-largest stablecoin by market capitalization, and other issuers like Spark, Aave, and Circle are also exploring the market. Since the Converge network aims to be the storage and settlement layer for stablecoins, it will likely be home to a lot of yield-bearing stablecoin activity. The emergence of this new asset class introduces unique challenges that current automated market makers (...