PANews reported on November 29th that Terminal Finance has terminated the launch of its Terminal project, according to an official announcement. Terminal was initially designed to become a liquidity hub for Converge. Despite completing the entire codebase and preparing for a Q1 2025 launch, the Converge chain did not launch as scheduled, and there appear to be no immediate plans for a launch. Terminal Finance explored various transformation options, but none were sufficiently compelling. Each option faced substantial obstacles: limited support, low potential for asset listing, and a bleak long-term outlook, leading to the decision to discontinue the project. Terminal Finance states that all users' principal is retained and will remain fully guaranteed at a 1:1 ratio, allowing withdrawals at a 1:1 ratio. Each current Pendle position is entitled to earn Ethena Sats, associated sUSDe earnings, and EtherFi credits.PANews reported on November 29th that Terminal Finance has terminated the launch of its Terminal project, according to an official announcement. Terminal was initially designed to become a liquidity hub for Converge. Despite completing the entire codebase and preparing for a Q1 2025 launch, the Converge chain did not launch as scheduled, and there appear to be no immediate plans for a launch. Terminal Finance explored various transformation options, but none were sufficiently compelling. Each option faced substantial obstacles: limited support, low potential for asset listing, and a bleak long-term outlook, leading to the decision to discontinue the project. Terminal Finance states that all users' principal is retained and will remain fully guaranteed at a 1:1 ratio, allowing withdrawals at a 1:1 ratio. Each current Pendle position is entitled to earn Ethena Sats, associated sUSDe earnings, and EtherFi credits.