As rod CD slides down with velocity v, it cuts magnetic field lines.
Induced EMF: ε=BLv
Induced current in the circuit: I=RBLv
Magnetic force on the rod (upward, by Lenz's law):
Fmag=BIL=RB2L2v
At terminal velocity, acceleration is zero.
Applying Newton's second law:
mg−Fmag=0
mg=RB2L2vterminal
vterminal=B2L2mgR
