#termmax @TermMax
TVL tells you what showed up. Utilization tells you what's actually being used — and today TermMax's numbers make that gap worth noticing.
$34M deposited, ~$29.5M borrowed, sitting near 87% utilization. That's an actively used pool, not just parked liquidity.
What stands out is the structure underneath it. Instead of one shared pool rate, lenders choose their own rate curve through range orders. So that 87% isn't one uniform number — it's an aggregate built from many individual curve choices.
Early days still, one day's data isn't a trend. What I'm watching next is whether this utilization holds once incentive programs start winding down.
#TermMax @TermMax
TVL tells you what showed up. Utilization tells you what's actually being used — and today TermMax's numbers make that gap worth noticing.
$34M deposited, ~$29.5M borrowed, sitting near 87% utilization. That's an actively used pool, not just parked liquidity.
What stands out is the structure underneath it. Instead of one shared pool rate, lenders choose their own rate curve through range orders. So that 87% isn't one uniform number — it's an aggregate built from many individual curve choices.
Early days still, one day's data isn't a trend. What I'm watching next is whether this utilization holds once incentive programs start winding down.
#TermMax @TermMax
