Terminal Finance announced the termination of the Terminal project, allowing users to withdraw their principal 1:1 as planned
2025-11-28 23:58:10
Terminal Finance announced the termination of the launch of the Terminal project, saying that the original plan to rely on the Converge chain has not yet been launched, resulting in the absence of an ecological foundation despite the completion of the codebase and the readiness to launch in Q1 2025. The team has explored various turnaround options, but there are significant obstacles in terms of support, asset launch potential and long-term prospects, so it is not feasible to continue. The team said that all users' principal is preserved 1:1 and can be withdrawn at any time. Existing Pendle positions can receive corresponding Ethena Sats, sUSDe income and etherfi points.
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