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.