Terminal, Formerly Padre: What Actually Changed (2026)

If you opened your trading terminal one morning and found it called something else, nothing is wrong with your account. Padre became Terminal when pump.fun acquired it in October 2025. The rename was announced, then executed unevenly, and nine months later the loose ends are still visible: one domain says Padre, another says Terminal, the documentation redirects to a login wall, and the app's own share cards still print the old address.

This page settles it. What changed, what did not, and which of the four live domains you should actually use.

The short version

On 24 October 2025, pump.fun announced it had acquired Padre, a multi-chain trading terminal that had been running since 2023. The announcement framed it as an expansion into pro trading tools rather than an absorption. Padre's team joined pump.fun and posted that they were "proud to join @pumpdotfun for the next chapter of Padre."

The product was renamed Terminal. It was not rewritten, replaced, or migrated. The clearest proof is technical: as of 6 August 2026, terminal.pump.fun and trade.padre.gg serve the same JavaScript bundle, down to the filename. Two front doors, one application.

The four domains, and which one to use

All four of these are live and serve official product. None of them forwards to a single canonical address.

Use terminal.pump.fun. It is the address pump.fun is standing behind, and it is the one that will survive whenever the domain consolidation finally happens.

What did not change

This is the part worth being specific about, because "nothing changed" is easy to say and hard to trust.

The custody model deserves emphasis because it is the single most common worry. Padre's own documentation stated it plainly: "Padre never stores or has access to your password. Your assets stay safe, even from us." Keys are encrypted with a password the platform does not hold. An acquisition does not change that, and it could not have transferred keys even if it wanted to.

If you want the longer version of how that works and why Terminal asks for a private key when you import an external wallet, read our guide to Terminal wallets and custody.

What genuinely did change

The PADRE token was discarded

This is the real controversy, and it is the reason some of the search results for "Padre" are hostile.

When the acquisition was announced, the PADRE token lost all platform utility with no replacement. It fell roughly 80 percent within about an hour. Holders called it a rug pull publicly, and the criticism was not unreasonable: people had bought a token whose value rested on a revenue-share and utility model that was switched off by a corporate transaction they had no say in.

Pump.fun's remediation was a snapshot taken on 24 October 2025, letting PADRE holders submit a Solana wallet address and claim PUMP as compensation. That window closed on 30 December 2025. If you held PADRE and did not claim, there is no remaining route.

Worth stating fairly: this compensation is the closest thing pump.fun has delivered to a token distribution. The much-discussed pump.fun airdrop, promised in July 2025, still had not arrived a year later. We cover that honestly on our PUMP token page.

The documentation went dark

docs.padre.gg used to host a full GitBook: FAQ, security model, transaction settings, wallet guides, an app tour. Sometime between March and May 2026 it was taken offline. Every path now returns a 302 redirect to the app's sign-in screen, including /sitemap.xml and /llms.txt, and including for Googlebot, so this is deliberate rather than a bot challenge.

The result is a bad experience that is nobody's fault in particular: Google still ranks those doc pages under their original titles, so searching for "Padre transaction settings" gets you a top result that dumps you on a login form.

Some features were quietly removed

Comparing the 2025 documentation against what ships today, several things are gone:

• Automations and copy trading. The Automations documentation page was deleted. Only vestigial order-tagging remains in the app, so copy trading should be treated as legacy rather than a feature you can rely on.
• Jeet Grid, the colour-coded early-buyer behaviour panel, is absent from both the current navigation and the shipped code.
• The entire $PADRE token documentation group: tokenomics, utility, revenue sharing. That follows directly from the token being discarded.
• Passkeys. Padre had supported them, then retreated: "passkeys provide a robust layer of protection, [but] we found that they introduced too much friction."

The company kept buying

In February 2026, pump.fun acquired Vyper, another trading terminal, and folded its team and infrastructure into Terminal. Vyper's own app was wound down on 10 February 2026, four days after the announcement. Vyper users were offered up to 90 percent fee cashback to migrate.

Does the rename affect your fees or cashback?

No. Terminal charges a 1% trading fee, the same as it did as Padre, and there are no volume tiers. No discount table exists in the app's code or in any version of the documentation.

What does vary is the cashback rate, and it is worth knowing about because the difference is large:

Cashback is paid in SOL and accrues per trade, claimable from the Rewards page. The rate is set at signup by whether a referral code was stored, which means it is not something you can change later. Our fees guide breaks down how the 1% interacts with pump.fun's separate 1.25% bonding-curve fee, and the referral page covers the cashback mechanics in detail.

Should you still use it?

Honestly, the rebrand itself is not a reason either way. The things worth weighing are the same as before it happened.

In favour: the custody model is genuinely good, with non-custodial keys on Turnkey infrastructure and a password the platform does not hold. The Trenches discovery feed is the product's strongest surface. Order types go well beyond market buys, including trailing stops, position-sized take-profits, and up to five independent exit conditions on a single entry. And it now supports more chains than its own marketing claims.

Against: execution speed draws consistent criticism against Axiom, which is the comparison most traders actually make. Some users report PnL calculation they do not trust. Support is a Discord ticket, the public announcement channel has been silent since October 2025, and the documentation is gone. And the default slippage setting has a genuine trap in it that costs small traders real money. We wrote that up separately because it is the single most useful thing we found: why small trades lose money on Terminal.

If you are weighing it against the obvious alternative, our Terminal vs Axiom comparison uses cited fee numbers rather than marketing claims from either side.

Frequently confused with Terminal

"Terminal" is an unhelpfully generic product name, and a few unrelated things share it:

• Bloomberg Terminal, the financial data workstation. No relationship.
• A 2019 Web3 developer-tools product also called Terminal (Ganache-as-a-Service). Long defunct, but its documentation still surfaces in searches. If you land on a "Terminal docs" page discussing Ganache or Infura, you are in the wrong place.
• pump.fun itself, the launchpad where tokens are created. Terminal is the trading interface; pump.fun is one of the venues it trades on. Related products, different things.
• Kolscan, a wallet tracker pump.fun acquired separately in July 2025. Despite frequent claims otherwise, Kolscan does not power Terminal's wallet tracking; that is Padre's own, and it integrates Cielo Finance.

The bottom line

Padre became Terminal, the app did not change, and your account came with it. The messy part is not the product. It is that the rename was left half-finished across four domains while the documentation was taken down, which makes an ordinary corporate rebrand look like something worth worrying about.

Use terminal.pump.fun, ignore the lookalikes, and if you are signing up fresh, sign up through a referral link, because 35% cashback versus 10% is decided at that moment and cannot be changed afterwards.