[Terminal Finance Terminates Terminal Project Launch Due to Converge Chain's Failure to Launch as Scheduled] According to the official announcement, Terminal Finance has decided to terminate the launch of the Terminal project. The original design goal of Terminal was to become the liquidity hub for the Converge chain. Although the entire codebase development was completed and preparations were made for a launch in Q1 2025, the Converge chain has not launched as scheduled and does not appear to have any plans for a launch in the near future. Terminal Finance explored various transformation options, but none were sufficiently convincing. Each option faced substantial obstacles, such as limited support, low potential for asset onboarding, and bleak long-term prospects. As a result, the decision was made not to proceed with the launch. Terminal Finance stated that all user principal funds are preserved and remain fully collateralized on a 1:1 basis, allowing users to withdraw their deposits at a 1:1 ratio. Each current Pendle position is entitled to the earned Ethena Sats, the associated sUSDe yield, and etherfi points.