Announcing the launch of Terminal's early deposit phase!. To participate, you can deposit USDe, WETH, WBTC through Terminal. sENA holders will also be eligible for Terminal's incentives. Details on Session 1 can be found below.

Roots have been distributed to all of Terminal’s week 1 pre-depositors. New TVL ATH: $64M, including:.– $39M USDe.– $17M WETH.– $8M WBTC. We love you.

Terminal’s pre-deposits just crossed ~$50M in ~96 hours. We’re thrilled to see the momentum behind the Roots Program and grateful for the participation from our early depositors. DeFi integrations are next. Think long term.

Terminal’s pre-deposits just hit ~$35M in 24 hours. We're stoked to see depositors engaging with the Roots Program and are thankful for all the support we've received. More news to come next week, stay tuned.

Terminal will be live on day one of the Converge mainnet, which is expected to launch publicly in the coming months. DeFi and TradFi are about to meet — time for convergence.

Terminal's incentives, called Roots, scale with both the size and duration of the deposit — the larger and longer the deposit, the more Roots earned. No lock-ups. Withdrawals can be made at any time, except during the bridging period — which will be communicated in advance.

Each deposit will represent a proportional share of liquidity in future Terminal trading pairs:. – USDe deposits will be allocated to the USDe/sUSDe pair. – WETH deposits will contribute to the WETH/weETH pair. – WBTC deposits will be used in the WBTC/eBTC pair.

In this initial phase, key partners @ethena_labs and @ether_fi will offer additional rewards on top of Terminal’s, via their points programs. We expect Session 1 to conclude within 3 months of Converge public mainnet launch. More details here:.

Earlier this week, we introduced Terminal and the role it will play on @convergeonchain. The central trading and liquidity marketplace of the ecosystem, aiming to support deep liquidity for institutional-grade assets like sUSDe, USDtb, and more.

Learn more about Terminal & deposit today here:.

The @Terminal_fi team will continue sharing updates here as we roll out key milestones in the coming days. In the meantime, follow us on X and join our Discord to stay updated and get involved as an early user.

@convergeonchain, backed by @securitize and @ethena_labs, is uniquely positioned to onboard institutional capital into digital markets — and Terminal is here to build its liquidity layer.

Terminal will have two distinct products:. – a permissionless exchange for open trading and liquidity provision,. – a permissioned exchange for institutional asset trading with support for compliance and tokenized real-world assets.

On Terminal, reward-bearing dollars are managed as redeemable wrappers that accumulate returns over time. In the case of sUSDe, the earned yield is skimmed, enabling it to maintain dollar stability and reliably serve as the protocol’s base currency.

Reward-bearing stablecoins lack a liquid secondary market, making large trades impractical. We aim to solve this with a spot DEX centered on sUSDe to enable efficient trading between stablecoins and institutional assets.

Introducing @Terminal_fi — the marketplace for institutional asset trading, powered by reward-bearing dollars including @ethena_labs's sUSDe. Terminal is the @convergeonchain liquidity hub designed for institutional assets and digital dollars.