Terminal Finance, a decentralized exchange developed by Ethena Labs, has canceled its launch following the failure of the Converge blockchain to go live as planned. The project assured users that all $280 million in deposits, including $225 million in USDe, 10,000 ETH, and 100 BTC, are fully withdrawable. Terminal Finance cited 'substantial obstacles' and a lack of viable alternatives as reasons for the shutdown, while committing to maintain user rewards and open-source its audited protocol.