As we approach the TMX TGE, the conversation around TermMax is heating up. However, it’s crucial to look beyond the impressive headline numbers. A high Total Value Locked (TVL) doesn't automatically guarantee deep liquidity in every specific market you want to access; true execution relies entirely on market depth and isolated liquidity distribution. Understanding this gap separates passive TVL chasers from active, analytical participants. Are you factoring real liquidity depth into your TMX strategy, or just watching the TVL ticker?
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