#termmax @TermMax The fixed-rate lending race is getting more crowded.
That is not automatically bad news for @TermMax.
More serious builders entering fixed-term credit can validate the category. But it also raises the bar. Simply offering fixed rates is no longer enough.
What starts to matter is distribution, liquidity and execution.
Can users find enough size near the rate they want? Can larger orders get filled without ugly slippage? And does the protocol become somewhere users return to rather than just test once?
That is the competitive question I’m watching around
That is not automatically bad news for @TermMax.
More serious builders entering fixed-term credit can validate the category. But it also raises the bar. Simply offering fixed rates is no longer enough.
What starts to matter is distribution, liquidity and execution.
Can users find enough size near the rate they want? Can larger orders get filled without ugly slippage? And does the protocol become somewhere users return to rather than just test once?
That is the competitive question I’m watching around
