Terminal Finance announces the termination of the Terminal project; users can withdraw their principal 1:1 as planned.

Jinse Finance reported that Terminal Finance has announced the termination of the Terminal project. The team stated that the originally planned Converge chain has not yet launched, resulting in the absence of an ecosystem foundation, even though the codebase has been completed and was ready to launch in Q1 2025. The team explored various alternative plans, but encountered significant obstacles in terms of support, asset listing potential, and long-term prospects, thus concluding that it is not feasible to continue. The team emphasized that all user principal is preserved 1:1 and can be withdrawn at any time. Existing Pendle positions can claim corresponding Ethena Sats, sUSDe yields, and etherfi points.