We’re excited to announce that voting is officially live!
As a valued Terminal participant, you now have the opportunity to help shape the future of the protocol and influence the next phase of the launch.
By casting your vote, you’ll unlock exclusive rewards, including bonus Terminal Roots, temporary yield multipliers on your pre-deposits, and enhanced allocation eligibility ahead of the upcoming TGE.
1/2 🧵
Announcing the launch of Terminal's early deposit phase!
To participate, you can deposit USDe, WETH, WBTC through Terminal.
sENA holders will also be eligible for Terminal's incentives.
Details on Session 1 can be found below.
Amid recent DeFi events, all Terminal pre-deposit funds remain idle and available in their vaults.
sUSDe yield distribution for Pendle LP & YT holders will be completed this Friday.
More details soon on the DEX deployment transition.
Ethena sits between CeFi and DeFi, having reached scale across both markets with a ~$15B TVL through USDe and USDtb — the latter backed by BlackRock’s BUIDL tokenized fund.
Terminal aims to expand alongside Ethena by exporting USDe in a format that TradFi can consume.
A year ago, sUSDe yielded over 20% in CeFi while DeFi rates stayed near 10%. More than $1B flowed into Aave within days to capture the spread.
In TradFi, capital can often be sourced at SOFR +100 bps, while sUSDe can offer returns above 10%.
This spread represents an even larger opportunity as institutional capital moves on-chain.
Terminal is building the exchange for institutional asset trading powered by USDe, where yield-bearing assets serve as core pairs — launching later this year.
Even with Terminal’s vaults at capacity, your PT-tUSDe doesn’t have to sit idle.
A new PT-tUSDe/USDC market on Morpho trusted by @hyperithm lets you use PT-tUSDe as collateral.
USDC liquidity comes from Hyperithm’s vault.
You can keep earning 12% APY while gaining liquidity.
Voting will close in 48 hours, and only users who have pre-deposited on Terminal are eligible to participate.
➡️ https://t.co/8faJSGa7NA
Happy Voting!
2/2 🧵
We’re excited to announce that voting is officially live!
As a valued Terminal participant, you now have the opportunity to help shape the future of the protocol and influence the next phase of the launch.
By casting your vote, you’ll unlock exclusive rewards, including bonus Terminal Roots, temporary yield multipliers on your pre-deposits, and enhanced allocation eligibility ahead of the upcoming TGE.
1/2 🧵
New bonds, shared love, and moments that remind us why the @Azuki community is special. A little grit, a little street, filled with stickers, posters, and memories that make us who we are.
This is for everyone who shows up, near or far, and keeps the garden spirit alive. IKZ! ⛩️