#termmax @TermMax
the rwa thing gets oversold sometimes imo… ppl make it sound like once the asset has a token everything suddenly becomes liquid and easy. i dont really buy that.
what TermMax made me focus on is the ugly part after the loan goes wrong.
if the collateral isnt ETH or a stablecoin, who is actually buying it fast?? maybe nobody. and thats where physical delivery starts making more sense to me, instead of forcing every bad loan through some thin market, the lender can end up receiving the asset itself depending on the structure.
that changes the risk completely.
i’m not only asking “whats the fixed rate?”
i’m also asking “would i be okay owning the thing behind this loan if repayment fails?”
i think thats a much more real way to look at RWA lending. tokenization can move ownership around easier sure, but it cant magically make a slow asset fast.
and honestly thats why TermMax feels more interesting to me than just another yield app… its testing whether onchain credit can work with assets that dont behave like crypto.
thats the part i wanna see at scale.
@TermMax #termmax
the rwa thing gets oversold sometimes imo… ppl make it sound like once the asset has a token everything suddenly becomes liquid and easy. i dont really buy that.
what TermMax made me focus on is the ugly part after the loan goes wrong.
if the collateral isnt ETH or a stablecoin, who is actually buying it fast?? maybe nobody. and thats where physical delivery starts making more sense to me, instead of forcing every bad loan through some thin market, the lender can end up receiving the asset itself depending on the structure.
that changes the risk completely.
i’m not only asking “whats the fixed rate?”
i’m also asking “would i be okay owning the thing behind this loan if repayment fails?”
i think thats a much more real way to look at RWA lending. tokenization can move ownership around easier sure, but it cant magically make a slow asset fast.
and honestly thats why TermMax feels more interesting to me than just another yield app… its testing whether onchain credit can work with assets that dont behave like crypto.
thats the part i wanna see at scale.
@TermMax #termmax