Terminal joins Converge as a launch partner!
@Terminal_fi is building Converge’s spot DEX focused on digital dollars like @ethena_labs $sUSDe and @Securitize's tokenized securities.
Terminal taps into the unexplored design space for DeFi on RWAs, via Converge’s high-performant rails & institutional-grade assets.
Terminal’s v1 will allow for permissionless swaps and support a variety of assets on Converge, including both digital dollars and also generalized crypto assets like $ETH and $BTC.
sUSDe and $USDtb will act as core pairing assets on Terminal.
Future iterations of Terminal under research include a permissioned on-chain exchange for institutional asset trading.
V2 could include additional features for compliance & liquidity management tools to deepen liquidity & improve fee capture for RWA pairs.
We are excited to see more Converge-native builders come to market!
@etherealdex, Converge’s native perpetuals DEX, saw over $1 billion in deposits for its pre-deposit program, and saw integrations across @aave, @eulerfinance, @MorphoLabs, @pendle_fi, and other major DeFi protocols that also will be live on Converge.
Ethereal and Terminal will be working together as well for Converge-based $eUSDe liquidity.
More will be announced, and we’re excited to welcome more through future developer events for Converge!
Converge will also have a suite of existing established DeFi protocols on the network, including Pendle, Aave Horizon, Morpho, and @maplefinance...with more to be announced in the coming weeks.
Both established and Converge-native builders are coming together to build Converge into the home for institutional capital and institutional-grade assets.
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