Terminal Finance CEO: Code Solves CEX Failures; DEX Raises $280M Pre-Launch

Terminal Finance, a new decentralized exchange incubated by Ethena, has attracted over $280 million in pre-deposit total value locked. The Structural Difference: Code Over Custody In the wake of centralized exchange (CEX) failures and allegations of opaque governance following the market crash on Oct. 10, the debate over decentralized resilience has reached a fever pitch. […]