Back in June I mentioned farming @Terminal_fi in my group. I think that a lot of people faded it, but I think this one’s gonna print. I’ve said it many times, I like $ENA and everything being built around it. Now with Ethena sitting at ~$10B TVL across USDe + USDtb on 10+ chains, the missing piece has been liquidity coordination. Terminal is positioning itself as the liquidity hub for the Ethena ecosystem, starting with Ethereum, where most of the institutional TVL already lives. By end of year, Terminal v1 goes live on $ETH mainnet.
Ethena now spans ~$10B in TVL across 2 core products (USDe & USDtb backed by BlackRock BUIDL) & 10+ chains. Such an ecosystem needs its own trading venue, a unified exchange for reward-bearing stablecoins and institutional assets. Terminal: Becoming the Ethena Liquidity Hub
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