been looking into the @TermMax task expecting the usual focus on leverage and zero-liquidation mechanics.
Then I noticed the bigger signal.
@TermMax has confirmed the TMX TGE for August 25, 2026, with TVL above $90M, 1.5M+ registered wallets and 90K+ daily active users across 10 EVM chains.
What caught my attention was the capital mix.
A large part of the TVL isn't coming from leverage traders. Lenders and vault depositors are quietly sitting there for fixed yield, while the zero-liquidation angle gets most of the attention.
On the chain I checked through DefiLlama, active loans were around $29M versus roughly $34M TVL.
So the borrow side is clearly active, but deposits still look like the deeper base.
That makes the TGE interesting.
When TMX goes live, will the first meaningful demand come from leverage users chasing opportunities, or from the yield-focused crowd already supplying liquidity?
#termmax @TermMax
Then I noticed the bigger signal.
@TermMax has confirmed the TMX TGE for August 25, 2026, with TVL above $90M, 1.5M+ registered wallets and 90K+ daily active users across 10 EVM chains.
What caught my attention was the capital mix.
A large part of the TVL isn't coming from leverage traders. Lenders and vault depositors are quietly sitting there for fixed yield, while the zero-liquidation angle gets most of the attention.
On the chain I checked through DefiLlama, active loans were around $29M versus roughly $34M TVL.
So the borrow side is clearly active, but deposits still look like the deeper base.
That makes the TGE interesting.
When TMX goes live, will the first meaningful demand come from leverage users chasing opportunities, or from the yield-focused crowd already supplying liquidity?
#termmax @TermMax