So @Terminal_fi hit $280M in pre-deposits before even launching🔥 For those who doesnt know they're building a DEX specifically for YBS' which uses @ethena_labs' USDe/sUSDe. Regular AMMs don't handle these well because the yield changes how they should be priced.Terminal fixes this by separating the trading mechanics from the yield accumulation. Keeps prices accurate while liquidity keeps growing. ➢ USDe is the third-largest stablecoin at $10B+, offering 10%+ yields ➢ Rate cuts make this more appealing ➢ Already integrated with Pendle, Euler, working on Aave Their plan is to start with open trading, add institutional access, eventually become the platform for all assets including bonds + stocks with proper corporate actions built in. I've been personally playing around it on Pendle, also according to Ethena, up to 10% of @Terminal_fi' governance token supply could go to sENA holders!