
金色财经|Nov 28, 2025 23:56
[Terminal Finance Announces Termination of the Terminal Project, Users Can Withdraw Principal 1:1 as Planned]
According to a report by Jinse Finance, Terminal Finance has announced the termination of the Terminal project, stating that the Converge chain, which the original plan relied on, has yet to launch. As a result, despite the codebase being completed and ready for deployment in Q1 2025, the ecosystem foundation does not exist. The team explored various alternative approaches but encountered significant obstacles in terms of support, asset launch potential, and long-term prospects, leading them to conclude that continuing the project is not feasible. The team stated that all users' principal will be preserved 1:1 and can be withdrawn at any time. Existing Pendle positions can claim corresponding Ethena Sats, sUSDe yields, and etherfi points.
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