People still see stablecoins as assets they can just hold given their little to no volatility But with @ethena_labs and @Terminal_fi , that definition is changing fast. Ethena’s $8B+ ecosystem (USDe & USDtb) has unlocked stablecoins that yield and move like capital. Now @Terminal_fi v1 is launching on Ethereum and turning that yield into a full onchain economy. — Here’s what makes this huge: • Ethena powers the stablecoins and yield. • Terminal provides liquidity, trading, and real utility. Together, they create a compounding loop where capital flows, earns, and scales. Ethereum is the perfect ecosystem: • $76B+ in total DeFi liquidity • 85%+ of all USDe supply • Deepest institutional on-chain capital With pre-deposits filled, Terminal is now moving from preparation to execution. And there’s still $10M USDe capacity left for those looking to join early via the pre-deposit vaults on Terminal. For $sENA holders, this is just the start: • Terminal rewards are coming • A future airdrop is already on the radar Terminal is the bridge between yield and liquidity and it is the missing piece that turns Ethena into a fully-fledged onchain economy.
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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