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![0xFatih Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1406875334608396289.png) Dt.Coca-Cola | 🪶/acc 🧙‍♂️,🧙‍♂️ [@0xFatih](/creator/twitter/0xFatih) on x 1138 followers
Created: 2025-07-13 09:56:07 UTC

I may have found a big alpha. Ethena and Securitize (Ethena has $5B TVL, Securitize has $4B TVL) are developing a new L1 project. Their goal is to bring institutional players into the RWA space on-chain.

And there are two Liquidity Hubs on this L1. One is @strata_money, the other is @Terminal_fi. Additionally, there are YT-PT-LP positions on Pendle for Terminal. In the YT position, 100$ yields 5150 $tUSDe. YOUR FUNDS WILL BE ZEROED OUT AT MATURITY IN THE YT POSITION. The maturity date is September XX. 

So you are burning your money and collecting Terminal points with a 51x leverage ratio. For Pendle positions, there is a 60x Roots and 50x EthenaPoints multiplier. 

Converge may not issue its own token. Therefore, these transactions are risky. Converge will use Usde as its gas token and sENA for network security. @Terminal_fi will distribute XX% of its supply as an airdrop. If Converge does not issue its own token, it could result in losses. 

I JUST TRIED IT WITH SMALL AMOUNTS


THIS IS NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944335022149742632/c:line.svg)

**Related Topics**
[marketplace](/topic/marketplace)
[onchain](/topic/onchain)
[rwa](/topic/rwa)
[l1](/topic/l1)
[$4b](/topic/$4b)
[$5b](/topic/$5b)

[Post Link](https://x.com/0xFatih/status/1944335022149742632)