Funny how “fixed rate” sounds boring at first. 😅

But the more I look at DeFi lending, the more I think predictability is actually underrated.

Most lending rates move with the market. You enter a position thinking you know the cost, then the rate changes and you basically have to adjust as you go.

That’s what made me look closer at @TermMax

The idea is pretty straightforward: you know the rate and maturity before entering the position. TermMax also uses isolated markets for different token pairs instead of putting everything into one shared pool.

What I found interesting is that unmatched orders can still earn floating yield while waiting to be matched. So capital doesn’t necessarily have to sit idle.

There’s also TermMax Alpha, which adds options around Binance Alpha tokens.

It’s still early, with around $31M TVL, but the structure is what caught my attention more than the number itself.

The question I’m still thinking about:

Does fixed-rate DeFi actually make markets more resilient during volatility, or does it simply move the risk somewhere else?

#TermMax