#termmax @TermMax TGE just got locked in for August 25 and right before that, the numbers quietly crossed something worth sitting with: $90M+ TVL, 1.5M registered wallets, 90K daily actives, spread across 10 EVM chains, with Morpho, Aave, Venus and Pendle all sitting underneath as base yield sources. the bit that stuck with me during the task, though not the TVL headline, the plumbing. When a curator spins up a TermMax vault, any USDC sitting unmatched doesn't just... wait. It gets auto-routed into whatever base protocol the curator picked (Morpho vault, Aave pool, Venus market) and pulled back atomically the second a borrower actually consumes the order. So depositors are earning floating yield before they're ever fixed rate matched.that's not what the pitch decks usually lead with.
Which flips the who benefits first question a little. The curator picking the yield source, and the underlying protocol absorbing idle flow, capture value immediately and automatically. The retail lender gets told about the fixed rate upfront, but in practice they're floating until matched the fixed part is the promise, the floating part is the reality of day one.
Not sure yet if that's a feature or just an honest description of how liquidity actually behaves anywhere. Still chewing on it.
What happens to that idle capital routing once TMX liquidity mining incentives taper off post-TGE?
$NVDAB $HEMI
Which flips the who benefits first question a little. The curator picking the yield source, and the underlying protocol absorbing idle flow, capture value immediately and automatically. The retail lender gets told about the fixed rate upfront, but in practice they're floating until matched the fixed part is the promise, the floating part is the reality of day one.
Not sure yet if that's a feature or just an honest description of how liquidity actually behaves anywhere. Still chewing on it.
What happens to that idle capital routing once TMX liquidity mining incentives taper off post-TGE?
$NVDAB $HEMI