Terminal Finance announces the termination of the Terminal project, users can withdraw their principal at a planned 1:1 ratio.

Golden Finance reported that Terminal Finance announced the termination of the Terminal project, stating that the Converge chain it originally relied on has not yet launched, resulting in the absence of an ecological foundation despite the codebase being completed and ready to launch in Q1 2025. The team explored various alternative solutions, but there were significant obstacles in terms of support, asset launch potential, and long-term prospects, leading them to believe that continuing to push forward is not feasible. The team stated that all user principal is preserved 1:1 and can be withdrawn at any time, and existing Pendle positions can receive corresponding Ethena Sats, sUSDe earnings, and etherfi points.