#termmax @TermMax From the perspective of DeFi infrastructure, I think what’s worth paying attention to about TermMax is that it has attempted to bring traditional financial products on-chain.
Fixed-rate lending itself isn’t a new concept, but placing fixed-rate, leverage, options, and other products into a decentralized environment is truly difficult not in making the products, but in solving the issues of liquidity, pricing, risk management, and user acquisition.
So for now, I won’t just look at TermMax’s market hype—I’ll focus on a few key metrics: protocol TVL, trading volume, active users, and future protocol revenue.
If these numbers can keep growing, then the product logic can be considered truly validated by the market. For a DeFi project, long-term real usage is always more important than short-term narrative.
Fixed-rate lending itself isn’t a new concept, but placing fixed-rate, leverage, options, and other products into a decentralized environment is truly difficult not in making the products, but in solving the issues of liquidity, pricing, risk management, and user acquisition.
So for now, I won’t just look at TermMax’s market hype—I’ll focus on a few key metrics: protocol TVL, trading volume, active users, and future protocol revenue.
If these numbers can keep growing, then the product logic can be considered truly validated by the market. For a DeFi project, long-term real usage is always more important than short-term narrative.