Derived from Blockbeats, Terminal Finance, a spot decentralized exchange (DEX) built for trading yield-bearing stablecoins and institutional assets, announced that its pre-launch total value locked (TVL) has exceeded $280 million. The TVL includes 225 million USDe, 10,000 WETH, and 100 WBTC, all reaching capacity. The DEX is expected to launch by year-end, with a token generation event (TGE) to follow. Terminal, incubated by Ethena, will support core assets like USDe, sUSDe, and USDtb, and introduces a yield-skimming mechanism to reinvest returns into the DEX ecosystem. Over 10,000 wallets participated in the pre-deposit phase, with airdrop rewards planned for TGE. Terminal aims to expand into a multi-chain hub for yield-bearing stablecoins.
Terminal Finance Pre-Launch TVL Surpasses $280M Ahead of DEX Launch
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