It is said that $USDC is a compliant stablecoin, but traditional institutions and traditional funds still cannot grasp it. What if the encryption world presents products that traditional institutions can understand, and can earn interest in dollars? Wouldn't that be very interesting?

Institutions are not short of money; what they lack is a bridge—a platform that is compliant, secure, liquid, and able to access on-chain income assets.

What @Terminal_fi has created is such a platform, attracting a TVL of 280 million dollars before its launch, with over 10,000 wallets participating!

Terminal Finance is a decentralized exchange incubated by Ethena Labs. In traditional finance, the cost of funds is usually at SOFR + 1% (approximately 6%); whereas on-chain assets like sUSDe can offer annualized yields of over 10%.

This interest spread of 3-4% may not mean much to retail investors, but it represents huge profits for institutions managing tens of billions of dollars!

The previous pool opened very quickly, and there will be more openings later. If you're interested, you can participate in the next wave!