Terminal Finance announces the termination of the project launch, and all users can fully withdraw their principal.

On November 29, DEX Terminal Finance, incubated by Ethena, stated on social media that the initial design goal of Terminal was to become the liquidity center on the Converge chain. However, due to the Converge chain's mainnet failing to launch as scheduled and no recent plans for it to go live, the project will be terminated. User funds are not affected, and all users can withdraw their principal in full. Existing Pendle position holders will continue to receive their entitled Ethena Sats earnings, associated sUSDe earnings, and etherfi points. The official statement indicated that the team explored various transformation options, but all faced fundamental obstacles, including limited ecological support, insufficient asset access potential, and bleak long-term development prospects. Ultimately, the team concluded that none of these paths could achieve a successful long-term project. Launching just for the sake of launching contradicts their core principles, and maintaining integrity is the primary guideline.