I was looking at @TermMax from a different angle today.

A lending protocol usually makes me think about deposits, borrowing, and interest. TermMax goes a step further by combining fixed-rate borrowing and lending with options trading.

That combination matters because these are not really isolated parts of a position. The cost of capital and the way risk is managed can affect the whole strategy.

I like that TermMax is building around this broader idea instead of focusing on just one DeFi function.

Still early, but #TermMax is an interesting project to keep researching.