Terminal Finance Pre-Launch TVL Exceeds $280M Ahead of DEX Launch

2025-10-28 22:18

Terminal Finance, a decentralized exchange (DEX) focused on yield-bearing stablecoins and institutional assets, has reported a pre-launch total value locked (TVL) surpassing $280 million. The TVL comprises 225 million USDe, 10,000 WETH, and 100 WBTC, all reaching their capacity limits. The DEX, incubated by Ethena, is set to launch by the end of the year, followed by a token generation event (TGE). Terminal Finance plans to support core assets such as USDe, sUSDe, and USDtb, and will implement a yield-skimming mechanism to reinvest returns into its ecosystem. Over 10,000 wallets participated in the pre-deposit phase, with airdrop rewards scheduled for the TGE. The platform aims to become a multi-chain hub for yield-bearing stablecoins.

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