Was looking at @TermMax AERO vault and initially thought the 13% was main story.

It isn't.

The interesting part is what happens to USDC while you're waiting for the put to execute

Why would someone deposit USDC into an AERO put instead of just waiting for AERO to drop?
Because you're basically saying:
“I'm willing to buy AERO at $0.35, but pay me while I wait.
That's the part of TermMax I find interesting

DYOR

$BNB #FOMCWatch
#TermMax @TermMax