I've stopped getting excited about mainnet dates. Too many of them have come and gone quietly, propping up nothing but a Notion roadmap.
So when TermMax confirmed theirs, I read it twice before I let myself care. Here's the thing though most protocols in this space are solving problems nobody actually has.
Novel yield mechanics for yield nobody needed. TermMax is chasing something older and dumber: DeFi lending still can't tell you, in real terms, whether the collateral backing your position is actually there. Post-FTX, the industry's answer was screenshots of wallet addresses, which is like proving you have money by showing someone a photo of your wallet.
ZK proof of reserves is different it proves the math is sound without opening the drawer. That's not flashy. It's just true, which is rarer than it should be. I still don't know if fixed-rate lending finds real demand at scale. Mainnet will tell us fast. I'm watching, not buying the story yet.
#TermMax @TermMax
$STAR $TAG
So when TermMax confirmed theirs, I read it twice before I let myself care. Here's the thing though most protocols in this space are solving problems nobody actually has.
Novel yield mechanics for yield nobody needed. TermMax is chasing something older and dumber: DeFi lending still can't tell you, in real terms, whether the collateral backing your position is actually there. Post-FTX, the industry's answer was screenshots of wallet addresses, which is like proving you have money by showing someone a photo of your wallet.
ZK proof of reserves is different it proves the math is sound without opening the drawer. That's not flashy. It's just true, which is rarer than it should be. I still don't know if fixed-rate lending finds real demand at scale. Mainnet will tell us fast. I'm watching, not buying the story yet.
#TermMax @TermMax
$STAR $TAG