Umas das narrativas que pareceu sólida no meio de 2025, mas que não se confirmou: Final de 2025/começo de 2026 estaríamos em "guerra" de stablechains: uma competição acirrada pelo TVL institucional e pelos end-users entre @Plasma, @arc e @convergeonchain . Porém: - A Converge foi praticamente abandonada pela Ethena, sem uma comunicação transparente, e causando fim da TerminalFi - Plasma lançou com hype e proposta de um produto de pagamentos competitivo (Plasma Pay). XPL "morreu", TVL caiu 50% e Plasma Pay ficou só no press release. - Arc foi o último a entrar no jogo, e está focando em farm de testnet. Com todos os outros "concorrentes" patinando, não está mais tão em desvantagem no timing e pode surpreender. A observar se essa narrativa vai ter força e PMF para se consolidar em 2026. Ou se a Ethereum vai absorver demanda intitucional. Eu ainda aposto no Plasma, se o Plasma Pay for um lançamento excelente. Porém dada a quantidade de competidores de "crypto payments" no mercado, vai ser um desafio. #cryptometal2026

🚨 TERMINALFI GELİRLERİNİ DAĞITACAK ! Öncelikle herkese GM dostlar, Eğer @Terminal_fi airdrop'u için stake işlemi yaparak roots kazandıysanız güzel haber. Ekip Haziran-Eylül ayı arasındaki sUSDe mevduatlarından elde edilen tüm gelirleri roots ve YT sahiplerine dağıtacak. Bu gelirlerin tamamını dağıtacaklarını ve birkaç hafta süren kapanma sürecinden sonra dağıtımın yapılacağını söylemişler. Eğer hala içeride paranız varsa çekmeyi unutmayın.

Where is terminalfi intern? Quite the impact I think.

🚨 TERMINALFI DÜKKANI KAPATIYOR ! Eğer @Terminal_fi airdrop ihtimalini değerlendirmek için içeriye para attıysanız geç olmadan mutlaka çekin. Şuan çekimler açık ama ilerleyen zamanlarda web sitesi kapanırsa kontrattan çekmek zorunda kalırsınız. Yatırılan miktarların 1:1 oranında destekleneceğini söylemişler, ben şimdi çekip sattım.

Yıl sonuna kadar ne kasılır elimizde ne var 👇 Nerdeyse yıl sonuna gelmişken aktif olarak ne kasıyorum nasıl bir beklentim var yazmak istedim. Bu listeyi kendime not olarak yazıyorum ara ara güncellerim. Infofi: Artık Infofi tarafına kaliteli proje çok nadir gelir oldu. O yüzden boş projelere vakit harcamak yerine en azından sağlam gelenleri kasmak vakit kaybından kurtarır. zk: Brevis , Miden (early), Cysic Ai: Billions Bunlara ek tabiki @zama ekliyoruz 4. sezon son sezon olur büyük ihtimalle. Privacy ve FHE hypeı her geçen gün büyüyor. Wallchain kasmıyorum sadece NFTsi var. Sürekli top 100e ödül açıklayan bir proje benlik değil. Stable farm: @noble_xyz için hala stable tutuyorum her gün güncelliyorlar allocları. TGE yakındır diye umuyorum çünkü Kaito tablosunda da varım. Reflect Money: Solana Ventures ve a16z var arkasında early şuan bence. Kod isteyene atarım bi tane var. Bunlara ek Terminalfi, Glider, Kinetiq, Strata kasıyorum ama bunlar için artık baya bi geç sanırım. Bu yazdıklarımın hepsi platform hacki falan olmazsa maliyetsiz işler. O yüzden market düşüşlerinde etkilenmeden ne atsa kardır diyerekten önümüze bakıyoruz. Next.

Is Pendle the best place to farm airdrops right now? → As someone who has run an airdrop channel on Telegram since 2017, I can say This is the worst year ever for airdrop hunters. Thresholds keep getting harder. Point systems keep getting more competitive. And the worst part, more teams are betraying their communities. •Token promises? Delayed. •Rewards? Reduced. •TGE dates? Disappearing. In the middle of this chaos… I think @pendle_fi might be the solution, because it still delivers real, clear, and measurable rewards. Here are the 5 active campaigns 🧵 : 1. @almanak alUSD-YT TVL: $98.6M • 5x point multiplier • Ends 11 Dec • 1 point = 1 token → Safest and clearest airdrop. 2. @USDai_Official USDai / sUSDai TVL: $445.9M • Points = ICO allocation • New pool launched • $300M FDV reference → Highest TVL momentum. 3. @Theo_Network thBILL TVL: $75.9M • Theo Points leaderboard • Maturity 27 Nov • TGE expected after → Fastest farming cycle. 4. @ethena $USDe / sUSDe TVL: $112M • Shards Sats • Multiple seasons • Proven drops →Most reliable long-term airdrop farming. 5. @Terminal_fi tUSDe / tETH TVL: $211M • Terminal Points Sats • Upgraded pools • Future token → Best multi-point stacking. Best Choice? • Safest → @almanak $alusd • Biggest hype → USD ai • Fast cycle → Theo • Long-term → Ethena • Dual rewards → TerminalFi Pendle airdrop farming is printing right now. Know the rules, pick the right pool, and stack points correctly.

Market rekt is the best time to start these Stablecoin farming with clone wallet strategy Perp DEX farming with neutral delta strategy Stablecoin farming highlight > Solstice > TerminalFI > USDai > Prjx > Glider > Hylo Perp DEX farming highlight > Lighter > Hyperliquid s3 > Extended > Pacificia > Decibel (Aptos) > Paradex > Variantional

Flywheel mechanics in DeFi finally done right, props to $ENA TerminalFi

The flywheel effect with $ENA is insane, TerminalFi really nailed it

People still think of stablecoins as static assets but @Terminal_Fi is changing that Launching v1 this year, TerminalFi is becoming the liquidity hub for Ethena’s growing ecosystem, letting $USDe generate yield, evolve, and flow like productive capital through multiple integrations and automated strategies sENA holders are already collecting rewards from early participation, while $10M in USDe deposits remain open for anyone looking to join. With $ENA at the center, the flywheel of a completely new stablecoin economy is taking shape and just getting started As Always NFA/DYOR

🚨 KASMAYANLARI PİŞMAN EDECEK AIRDROPLAR ! Daha önce bu airdrop işlemlerini ayrı ayrı sizinle paylaşmıştım, şimdi hepsini tek bir tweette toplamak istedim. Hepsini aktif olarak farmlıyorum, yapmanız gerekenleri kısaca aşağıda anlattım👇 1️⃣ Terminalfi: - WETH, WBTC veya USDe stake ederek puan farmlıyorsunuz, içeride çok az kişi var. Sıralamaya göre airdrop atarlarsa az miktarla güzel kazançlar elde edilebilir. 🔗terminal.fi/?ref=HLBXIDGF 2️⃣ Hylo: - hyUSD adında kendi stablecoinlerini tutarak XP kazanmaya başlıyorsunuz, dc rolleri var ve proje Solana ağında. 🔗hylo.so/leverage?ref=STS9R3 3️⃣ Solstice: - USX adında kendi stablecoinleri var, tutarak veya likidite ekleyerek flare puan kasıyorsunuz, bu da Solana ağında. - Kod girerseniz fazladan 1000 flare puan veriyor S6VGazRbdC - İkinci linke gidip 300 XP'ye ulaştıktan sonra badge mint ettiğiniz zaman 2000 flare ödül kazandırıyor. 🔗app.solstice.finance/earn-fl… 🔗app.megaphone.xyz/pages/sols… 4️⃣ Axiom: - Trade ederek, hacim görevlerini yaparak puan toplayıp sıralamanızı yükseltiyorsunuz. - Düşük bütçeniz varsa bunu direkt geçin çünkü 500$ fee harcayarak 60k sıralamaya girebildim. - 100$ civarı fee ile 80-90k civarına girilebiliyor, illa deneyeceğim diyen deneyebilir. 🔗axiom.trade/@0xeth 5️⃣ Sodex: - Puan sistemi geleceğini düşünüyorum, henüz gelmedi ama kullanıyorum. Şuan giriş için tek yöntem form doldurup wl almak, sınırlı sayıda alım yapıyorlar. 🔗docs.google.com/forms/d/e/1F… 6️⃣ Titan Exchange: - Solana'daki swap işlemlerim için @Titan_Exchange kullanıyorum, çoğu zaman %0.5 civarı slipajdan kurtarıyor ve bu da 1000$'da 5$ tasarruf ettiriyor. 🔗titan.exchange/@defihunter

#GEM #DeFi Terminalfi My thesis: The next cycle will not elevate a new consumer-facing application. It will champion the yield infrastructure that seamlessly bridges permissionless liquidity with compliant regulatory rails. The market is undervaluing the critical refineries and pipelines that harness and distribute yield. @Terminal_fi is developing this foundational liquidity layer, featuring KYC Pools and institutional-ready capabilities, akin to a yield-bearing checking account for regulated entities. Deep dive 👇

💥 @TerminalFi hits $280M TVL pre-launch! The @ethena-incubated spot #DEX built for yield-bearing stablecoins (USDe, sUSDe, USDtb) filled vaults with 225M $USDe, 10K $WETH & 100 $WBTC ahead of launch.💧💰 #DeFi #Ethena blockster.com/terminal-finan…

Many of my frens lost a good chunk of their portfolio yesterday/today. So I decided to make make a list of the best yield farms out there right now. These are all low risk yet all print high yields. I highly recommend you to have a good part of your portfolio in these farms. You will profit from the yields airdrops, while also lowering your risk. THE BEST: > @avantisfi - LPs are printing 35 % APY points. These points earn you the $AVNT airdrop in ~4 months from now. No lock-ups and it's on base so you also farm $BASE. avantisfi.com/referral?code=… > @HyperliquidX - The HLP APR moves up and down quite a lot. Right now the last 30 day APR is 178%, which is insane. In slow times this can go down to 6-7%, but in the long run this vault prints at least 20% APR. And, in the first airdrop, points were also given to LP depositors, so there's a good chance this will be the case again. app.hyperliquid.xyz/join/3LI… > @VestExchange - 128% APY. Even before yesterday the APY of this vault was over 110%. They also give a very big amount of points to depositors, so this is a good way to farm juicy yield their airdrop without doing much effort or taking big risks. alpha.vestmarkets.com/join/3… > @katana - This is @0xPolygon's newest project. Already has $600m in TVL. Their main vaults are printing 42% APY on stables and their Spectra vaults are printing 65% yield. I especially like this one as it's incubated and backed by Polygon and GSR, meaning the chance of a hack is very small, and even if it happens they will definitely reimburse users. Main vaults: app.katana.network Spectra vaults: app.spectra.finance/pools ALSO JUICY: > @extendedapp - Last 30 day APR in their vault is 38.91%, and again: you get points on top. Also no lock-ups, meaning that you can deposit and withdraw whenever you want. app.extended.exchange/join/3… > @edgeX_exchange - 46% APR while also printing points. Team is active on CT and knows what they're doing. pro.edgex.exchange/referral/… > @ostium - another juicy farm. APR is slightly lower here than in the other farms, but still above 31% which is not bad at all, especially considering they allocate a good amount of points to LPers. app.ostium.com/trade?from=SP… ALWAYS INTERESTING: > @pendle_fi PT / LP - I am a big fan of Pendle and especially like their PT and LP options. One example is their @gaib_ai PT which prints 35% fixed yield. Another example is their @SolvProtocol LP which prints 13% APY 4x Solv points. app.pendle.finance/trade/poo… > @superformxyz - They already confirmed a token is coming in Q4, snapshot is not taken yet. The yields are interesting because they stack so many different rewards. For example the Morpho flagship ETH vault prints a base yield @relend_network units morpho incentives superform points, which brings the total expected APR to ~ 40%, which is very good, especially for an ETH farm. app.superform.xyz/?ref=Vn2ro… > @turtledotxyz - The #1 liquidity distribution protocol in all of crypto. They work with many different teams to get a bunch of boosts and points and rewards for their users on top of the standard yields. You can for example deposit $LBTC on Katana through Turtle to farm the exact same rewards. That vault prints 13.5% yield on btc, which is already insane, but then also get 3.3x veda points, 4.2x lombard points, AND turtle points all on top. app.turtle.xyz/leaderboard?e… There's of course many more interesting options which i've posted about earlier, such as Perena x Ratex/Exponent, TerminalFi, Solstice, and others, but in my opinion these are the real must haves. Important note: In the case of perpdex farms (most of these), I highly recommend you do at least 1 trade before depositing. Sometimes, projects end up giving a multiplier on points to people that traded AND deposited, or slashing points of users that only deposited and never traded. So, by doing this 1 trade you make sure you don't miss out on the best returns.

TerminalFi Retroactive Confimed Airdrop Q4 @Terminal_fi adalah DEX Spot Trading institutional assets and yield-bearing stablecoins yang didukung oleh @ethena. fyi di follow @AndreCronjeTech Untuk Video Tutorial & penjelasan lengkapnya disini youtu.be/-One21VeMTY

2/ ▪️ The Importance of TerminalFi sUSDe accrues yield inside the token itself. AMMs can’t handle that shift in value → fractured pools, slippage, shallow markets. TerminalFi, the liquidity hub for Ethena, solves it by designing a DEX purpose-built for these assets, not retrofitting old models.

lastly, tagging frens chads & TerminalFi enjoyooors who might enjoy this piece of insights: @thelearningpill @Slappjakke @St1t3h @RubiksWeb3hub @Jonasoeth @YashasEdu @kenodnb @cryptorinweb3 @crypto_linn @belizardd @TheDeFiPlug @eli5defi @3liXBT @arndxt_xo @info_insightful @Hercules_Defi @PenguinWeb3 @rektdiomedes @rektonomist_ @samnode_ @ahboyash @bobthedegen_ @katexbt

On Anchoring an Ecosystem’s Financial Dynamics: Everyone knows the heart of any ecosystem lies in its foundational liquidity layer. In DeFi, that means spot secondary markets. In a more technical sense, spot liquidity via DEXs anchors the M0 layer of the DeFi financial stack. It isn’t simply just about ‘seeding LP pairs’, but rather creating strategic anchoring sets the tone for everything else that follows. This is exactly where @Terminal_fi comes in. Positioned as a core DEX optimised for secondary market liquidity, its design is engineered for more than just depth → tailored for the specific demands of an ecosystem built for institutional convergence. The goal for Terminal goes beyond DeFi’s usual boundaries. It’s structurally designed to enable scaled adoption as the space enters its next stage of maturity, marked by the strongest push yet toward institutional DeFi ↔ TradFi convergence. This also means bridging accredited TradFi entities with advanced DeFi protocols like @pendle_fi @aave & @MorphoLabs. And at the centre of it all, TerminalFi capitalises on Ethena ancillary DeFi primitives creating a strong momentum for financial productivity with credibility that extends beyond speculative traction: 🔸 DeFi-native foundations with novelty composability 🔸 Strong CeFi/TradFi-driven distribution 🔸 Dual-market readiness → liquidity infrastructure that works equally well in permissionless DeFi flows compliant institutional environments. Put simply: Terminal defines itself as the liquidity foundation built for the next stage of DeFi’s growth in the institutional arena. -------- Strategic Multi-Faceted Positioning: So what makes TerminalFi different from ‘just another native DEX’? For one, it’s attuned to institutional trading. Terminal isn’t just built for DeFi-native flows, it’s structurally designed to meet the operational demands with the guardrails & liquidity depth needed to support compliant, large-scale participation. Terminal formalises the core access point for deep, composable liquidity: a protocol that powers beyond first-order primitives & becomes the bedrock of the ecosystem’s financial stack. This is driven by deliberate design choices and architectural novelty that position it as the ecosystem’s enabler: 1️⃣ Core base asset (Ethena’s $sUSDe) → anchoring liquidity around a differentiated yield primitive with broad external productivity. 2️⃣ Optimised LP Design for yield-bearing assets → introducing ‘Redeemable Tokens,’ a model that strips yield for separate accountability & delivers superior LP returns. 3️⃣ Strategic Ecosystem Support → Supporting the most robust ecosystems with tailored requirements (such as Converge’s dual-model for permissionless DeFi regulated RWA institutional trading) The LP innovation here is particularly important. Yield-bearing assets have always carried the issue of inevitable impermanent loss from yield accrual. Terminal solves this with ‘Redeemable Tokens’ that stabilise single-sided pairs & boost fee capture. TLDR → LPs keep yield without IL exposure, pools stay stable, liquidity remains attractive and capital efficiency improves. Collectively, these features form the structural backbone for Terminal to establish a resilient secondary market layer: one that can scale capital flows across any ecosystem. Institutional financial layer requires purpose-built primitives, and this is what Terminal offers. -------- On Compounding Productivity with Scale: But ofc, liquidity is only the starting point. What makes Terminal more compelling is how it extends into higher-order productivity, enabling a suite of dApps that compound value as composability stretches. Think of it as an evolved version of Money Legos, built to take advantage of the full stack depth of DeFi composability. Take the synergy with @pendle_fi: 💠$sUSDe utility on Pendle has already proven market fit for tokenised yield (fixed variable). 💠This forms a mutually reinforcing loop: Pendle drives demand → Ethena scales supply → both amplify each other’s value. And this compounding extends into the credit layer (M2) with @aave @MorphoLabs. Here, leverage is unlocked against: 1️⃣ Terminal LP tokens ( $tUSDe, $tWETH, $tBTC) Pendle PT versions of those LP tokens → used as collateral for fixed-discount borrowing. This is powerful because PT looping strategies represent a risk-adjusted yet highly attractive yield-maxxing play which is evident by the $4.8B PT depth on @aave alone. Soon, this will be further enabled with support from @EulerFinance or PT-collateralised LP tokens → unlocking the best scalable yields on $sUSDe through full-stack composability. On the contrarian side, the upside is also pretty attractive: high-leverage YT exposure with 60x Terminal Points 50x Sats multiplier for $tUSDe underlying 5.25% APY → stacking both points and yield in a capital-efficient way. *With sUSDe as one of the most attractive stablecoin farm, YT-tUSDe is an enhanced version of it imo with higher multipliers underlying yield imo. These dynamics have been battle-tested, showing strong demand in previous cycles. And the traction today backs it up: Terminal has already hit $200M deposits in its pre-mainnet phase, with its first deployment slated before December Pendle maturity. -------- Final Thoughts Zooming out, Terminal’s structural setup is one-of-a-kind → a DEX purpose-built for yield-bearing assets, institutional alignment & capital-efficient liquidity design. This role shouldn’t be understated: an ecosystem’s financial stack can only be as strong as its foundational liquidity pillar. As the most primitive cornerstone of any chain’s M0 Layer, Terminal will likely stand as the closest proxy for ecosystem-wide value distribution. And in a landscape where liquidity is everything, TerminalFi is setting the benchmark for what the next generation of DEXs should look like for institutions.

New YT tUSDe Yield🔥🔥🔥🔥 Join TerminalFi : terminal.fi/?ref=UUIRLELM