One thing I am starting to care about more with TermMax isn0t the number of chains it reaches.
It is whether moving across chains actually changes the quality of the market.
A lender didnot really care that a protocol is multi-chain if the market they want has thin liquidity.
A borrower doesnot gain much from having ten ecosystems available if the collateral they hold still can not access competitive financing.
That is why I see the multi-chain question differently.
The opportunity is potentially much bigger than simply giving users another place to connect their wallet. Different ecosystems can bring different collateral, capital and trading activity into the same broader credit strategy.
But there is a catch: liquidity doesn0t automatically travel just because infrastructure does.
Fragmented markets can create the opposite result - more deployments but less depth where it actually matters.
& spreading a credit system across networks also means the security and operational assumptions become more complicated.
So my benchmark for TermMax isnot:
Which chain comes next?
It is:-
Does each new ecosystem make the credit market more useful than it was before?
If the answer keeps being yes, multi-chain becomes a capital-efficiency advantage.
If not its just a bigger map.
Do you think protocols should focus on deep liquidity on fewer chains or expand everywhere first? Drop your thoughts below
#termmax @TermMax
It is whether moving across chains actually changes the quality of the market.
A lender didnot really care that a protocol is multi-chain if the market they want has thin liquidity.
A borrower doesnot gain much from having ten ecosystems available if the collateral they hold still can not access competitive financing.
That is why I see the multi-chain question differently.
The opportunity is potentially much bigger than simply giving users another place to connect their wallet. Different ecosystems can bring different collateral, capital and trading activity into the same broader credit strategy.
But there is a catch: liquidity doesn0t automatically travel just because infrastructure does.
Fragmented markets can create the opposite result - more deployments but less depth where it actually matters.
& spreading a credit system across networks also means the security and operational assumptions become more complicated.
So my benchmark for TermMax isnot:
Which chain comes next?
It is:-
Does each new ecosystem make the credit market more useful than it was before?
If the answer keeps being yes, multi-chain becomes a capital-efficiency advantage.
If not its just a bigger map.
Do you think protocols should focus on deep liquidity on fewer chains or expand everywhere first? Drop your thoughts below
#termmax @TermMax