Borrowing money is what made me understand how deadly it can be when interest rates change.
Today on Aave you might borrow at 3%—tomorrow it could jump to 15%, and your paper profits can be wiped out by interest in minutes. TermMax does exactly what its name implies: it blocks this path by locking both the interest rate and the term at the same time. Settlement happens only at maturity, which is basically buying an on-chain zero-coupon bond—you get exactly what you were promised.
This wave of "certainty" is being repriced by the market: TVL has broken $100 million, deployed across 8 chains, and daily active addresses rank second on Token Terminal’s lending leaderboard—just behind Aave. Even Morpho is left trailing. In January, the project started accepting Ondo tokenized stocks as collateral. For the first time, institutions can access fixed-rate liquidity without having to sell tickets. With the TMX TGE coming on August 25, XP/AP/MP points will be redeemable then, and the window to accumulate points is getting narrower and narrower.
By the time Morpho released the Midnight whitepaper and Kamino and Euler had all written fixed-rate mechanisms into their roadmaps, TermMax was already standing on that road.
#termmax @TermMax
Today on Aave you might borrow at 3%—tomorrow it could jump to 15%, and your paper profits can be wiped out by interest in minutes. TermMax does exactly what its name implies: it blocks this path by locking both the interest rate and the term at the same time. Settlement happens only at maturity, which is basically buying an on-chain zero-coupon bond—you get exactly what you were promised.
This wave of "certainty" is being repriced by the market: TVL has broken $100 million, deployed across 8 chains, and daily active addresses rank second on Token Terminal’s lending leaderboard—just behind Aave. Even Morpho is left trailing. In January, the project started accepting Ondo tokenized stocks as collateral. For the first time, institutions can access fixed-rate liquidity without having to sell tickets. With the TMX TGE coming on August 25, XP/AP/MP points will be redeemable then, and the window to accumulate points is getting narrower and narrower.
By the time Morpho released the Midnight whitepaper and Kamino and Euler had all written fixed-rate mechanisms into their roadmaps, TermMax was already standing on that road.
#termmax @TermMax