Look, TermMax is tackling a real problem: unpredictable borrowing costs in DeFi. Fixed-rate lending sounds cleaner, especially for users who want certainty instead of constantly shifting rates.

But let’s be honest. Fixed rates, collateral, liquidations, options, oracles, and governance add more moving parts. I’ve seen this movie before. More machinery can mean more failure points.

The catch? Liquidity. When markets panic, who stays? The protocol can automate contracts, but it cannot automate trust, counterparties, or confidence when capital disappears.

@TermMax #TermMax