#TermMax @TermMax
Just finished reading the $TMX TGE announcement and one part of the thesis made more sense to me than the token launch itself.
August 25 is the date.
But the interesting part is why TMX Finance keeps pushing fixed rates.
Floating rates work perfectly well when you're trading around yield. You take what the market gives you and adjust when conditions change.
Treasuries don't really have that luxury.
A fund needs to know what its financing costs look like. A market maker needs something it can hedge against. An institution underwriting a position needs to model the cash flows before putting capital behind it.
That's where fixed rates become more than just another DeFi feature.
TMX is building around fixed terms, isolated markets, active curators and a yield curve rather than treating every lending market as one giant liquidity pool.
Even the unmatched orders earning floating yield until they find a match fits the same idea — capital doesn't have to sit completely idle while waiting for a fixed-rate borrower.
And now the $TMX token becomes the governance and utility layer, with a fixed 1B supply and roles across staking, curation and market creation.
Makes me wonder if the bigger bet here isn't on another lending token...
...but on whether predictable rates can make onchain credit easier for capital that can't operate on "whatever the market pays today."
Just finished reading the $TMX TGE announcement and one part of the thesis made more sense to me than the token launch itself.
August 25 is the date.
But the interesting part is why TMX Finance keeps pushing fixed rates.
Floating rates work perfectly well when you're trading around yield. You take what the market gives you and adjust when conditions change.
Treasuries don't really have that luxury.
A fund needs to know what its financing costs look like. A market maker needs something it can hedge against. An institution underwriting a position needs to model the cash flows before putting capital behind it.
That's where fixed rates become more than just another DeFi feature.
TMX is building around fixed terms, isolated markets, active curators and a yield curve rather than treating every lending market as one giant liquidity pool.
Even the unmatched orders earning floating yield until they find a match fits the same idea — capital doesn't have to sit completely idle while waiting for a fixed-rate borrower.
And now the $TMX token becomes the governance and utility layer, with a fixed 1B supply and roles across staking, curation and market creation.
Makes me wonder if the bigger bet here isn't on another lending token...
...but on whether predictable rates can make onchain credit easier for capital that can't operate on "whatever the market pays today."