Everyone is watching @ethena_labs If you don't buy $ENA at this price Are paying attention to The ONLY token on converage → @Terminal_fi on @convergeonchain 🔥 Farm points or locked in 15% fix APR on stables with @pendle_fi Guide 👇
Before I lose the short attention spam bros 🔹 Opportunties • Farm roots (points) and ENA points for the ONLY token on convergeonchain with stable, ETH or WBTC • Lock in 14.5% fixed yield on @pendle_fi • LP on pendle for 16% yield + points • Buy YT for points speculation
“Terminal is the @convergeonchain liquidity hub for institutional assets and digital dollars.” 📊 Why Terminal matters: • Yield-bearing stablecoins like sUSDe are exploding (500%+ growth in a year) • Institutions need liquid, scalable venues to trade • But secondary markets have been thin, illiquid • Ethena: $300M+ revenue in a year But secondary markets? Still illiquid. Institutions need a venue—Terminal is that venue.
Let’s get into how it works. Terminal uses concentrated liquidity pools (like Uniswap v3) but optimized for yield-bearing stablecoins. That means LPs provide capital in a specific price range, maximizing capital efficiency and reducing slippage.
Here’s the twist: Yield-bearing tokens (like sUSDe) naturally grow in value over time vs their base token (USDe). This causes a unique “impermanent loss” due to yield accrual. Terminal doesn’t ignore it — it captures it. Yield is treated as protocol revenue.
This revenue is split in two ways: 🔹 Unstaked LPs → Earn trading fees + yield immediately → Less protocol incentive 🔸 Staked LPs → Forego immediate yield → Earn Roots – Terminal’s point system, with real value in the ecosystem
The math behind it: Each pool has a tax mechanism on unstaked LPs. The “foregone” yield is routed to reward staked LPs with Roots. This encourages long-term liquidity provisioning and aligns incentives with the growth of the Terminal + Converge stack.
📈 What are Roots? points points points Terminal’s incentive layer. Points earned scale linearly with deposit size and time. In Session 1, you can: • Deposit USDe, WETH, or WBTC • Receive tUSDe, tETH, or tBTC receipt tokens • These form the launch trading pairs on Terminal
Some detail why is farm is good • No lock-ups • Withdraw anytime (except right before bridging) • Boost multipliers: → Ethena: 30x → @ether_fi : 3x Early movers are being rewarded.
You can also farm it on pendle via LP, YT or PT
Pendle
Pendle10.7. klo 21.00
Ladies and gentlemen, this is the first boarding call for Flight Pendle to The Root Access Program. Passengers, please proceed immediately to @Terminal_fi for: ✈️ tUSDe (25 Sep 2025) ✈️ tETH (25 Sep 2025) ✈️ tBTC (25 Sep 2025)
What is convergence? Read more from @gdog97_
leptokurtic
leptokurtic3.1.2025
Ethena 2025 Roadmap: Convergence
TL;DR: Terminal = • Uniswap v3-style AMM • Designed for yield accrual + trading • Revenue = fees + stablecoin yield • LP options: short-term (fees) or long-term (Roots) • Launching with Converge mainnet • Ethena-powered • likely becomes one of the top RWA beta Feed my village with my referral code
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