Terminal Finance has announced the termination of its Terminal project, citing the delay in the launch of the Converge chain, which was crucial to the project's ecosystem. Although the codebase was completed and ready for a Q1 2025 launch, the absence of the Converge chain's infrastructure made continuation unfeasible. The team explored alternative strategies but faced significant challenges in terms of support, asset launch potential, and long-term viability. Terminal Finance assured users that all principal investments are preserved on a 1:1 basis and can be withdrawn at any time. Current Pendle positions can still earn Ethena Sats, sUSDe returns, and etherfi points.