
Terminal Finance ends operations due to Converge chain’s failed mainnet start, assuring users their funds and rewards remain intact despite bleak ecosystem outlook.
On November 29, Ethena-incubated DEX Terminal Finance announced it will cease plans to launch following the Converge chain’s unsuccessful mainnet start. In its official statement, the team cited limited ecosystem support and poor long-term prospects as key reasons for the decision. Terminal Finance confirmed that user funds remain fully backed and unaffected, and that existing Pendle position holders will keep all accrued rewards.