Converge, Terminal and Pendle: The DeFi Trifecta
Welcome to the new era of DeFi, where institutional assets meet on-chain rewards.
Converge, Terminal and Pendle form a powerful trio built for the next generation of capital.
TL;DR
• @convergeonchain is The New Chain for Tradfi and Digital Dollars
• @Terminal_fi is The Liquidity Engine of Converge
• @pendle_fi is The Amplifier
Let's dive in ↓
1 - Why Terminal Finance Chose Converge
➢ Ethena helps grow sUSDe, a yield-generating stablecoin. This gives Converge a strong foundation.
➢ Converge is backed by Securitize, making it attractive to traditional finance and institutions.
➢ TradFi has cheaper capital. On-chain stablecoins like sUSDe could bring 10x more interest from institutions.
➢ Asset managers want better yield strategies. sUSDe supports this with funding rate tokenization.
➢ Apps built on sUSDe benefit from built-in yield, lowering costs and improving performance.
➢ Converge gets exclusive access to special products like iUSDe for institutional use.
2 - Terminal Finance: The Liquidity Engine of Converge
Terminal Finance is building the primary liquidity layer of the Converge chain, designed to bring institutional capital, RWAs, and yield-bearing stablecoins together.
No new token for Converge → $TML will be the first native token of the Converge chain.
Backed by Ethena and Securitize, the infrastructure is aligned with TradFi-grade standards, but with DeFi-native yield mechanics.
Terminal is the home of on-chain real yield.
3 - Terminal Mechanics
Terminal Finance has hit $129M TVL ↓
• USDe: $82.5M
• WETH: $33.3M
• WBTC: $14.2M
→ 75% of TVL is already flowing through Pendle
Deposit USDe, WETH, or WBTC on Ethereum mainnet → Get receipt token like tUSDe, tETH and tBTC → Earn Roots
The longer & bigger the bag, the higher the multiplier.
Funds stay on Ethereum now and will later be bridged to Converge at launch.
Vault Caps ↓
• USDe: $150M (open)
• WETH: 10,000 (final cap)
• WBTC: 150 (final cap)
→ Once caps are filled, no more deposits.
4 - Max yield and Max points → One venue: Pendle
As always → @pendle_fi is the best place to maximize yield and optimize your points farming
➢ USDe
• Earn 11.39% fixed APY with PT tUSDe, The Highest Ethena Fixed Yield
• LP tUSDe with 14% APY, 60x Roots + 50x Sats
• Holding 1 YT tUSDE → Earn 60X Roots + 50X Sats
• 1 USDe = 50 YT tUSDe
• YT Rewards: 3000X Roots+ 2500X Sats
➢ WETH
• Earn 4.13% fixed APY and with PT tETH
• LP tETH for 3.1% APY, 30x Roots + 3x EtherFi
• Holding 1 YT tETH → Earn 30x Roots + 3x EtherFi
• 1 tETH = 122 YT tETH
• YT Rewards: 3660x Roots + 366x EtherFi
➢ WBTC
• Earn 1.59% fixed APY with PT tBTC
• LP tBTC for 4.06% APY, 15x Roots
• Holding 1 YT tBTC → Earn 15x Roots
5 - Real DeFi is back
RWAs via Securitize and Converge → entering DeFi with yield.
USDe and Ethena → pushing stablecoin-based yield strategies.
Terminal → DEX + point farming + airdrop meta.
Pendle → unlocks fixed yield + YT farming
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