@TermMax TermMax promises fixed-rate lending, borrowing, and leverage on-chain — no more chasing volatile APYs. But predictability isn't free. Someone still absorbs the rate risk that variable markets normally price in real time: usually liquidity providers and vault curators.#termma
Its transparent order books are trustless, sure — but every position is permanently public, which is fine for retail, less fine for institutions running real strategies. And its vault model offers "accountability" only in the sense that code executes exactly as written — correctly, not necessarily fairly.
Built on a reworked Uniswap V3 AMM, it's clever — but inherits AMM fragility too. Worth watching, not worshipping.
#termmax @TermMax
Its transparent order books are trustless, sure — but every position is permanently public, which is fine for retail, less fine for institutions running real strategies. And its vault model offers "accountability" only in the sense that code executes exactly as written — correctly, not necessarily fairly.
Built on a reworked Uniswap V3 AMM, it's clever — but inherits AMM fragility too. Worth watching, not worshipping.
#termmax @TermMax