TGE is in 7 days. People in the朋友圈 are still debating whether TMX can make it, but not many can clearly explain what exactly this protocol solves.
To put it simply: in DeFi, borrowing money comes with floating interest rates—3% today could be 15% tomorrow, so you can’t accurately calculate your costs. TermMax locks both the interest rate and the term; settlement happens only at maturity. It’s basically the same idea as buying a zero-coupon bond.
It doesn’t sound glamorous, but institutions recognize it. In January this year, it took Ondo’s tokenized stocks as collateral. For the first time, brokers were able to lend money at a fixed interest rate without having to sell tickets. In traditional finance, this is called “stock pledge financing.” In DeFi, it’s something nobody had really done before.
The numbers aren’t underwhelming either: TVL exceeds 100 million, spanning 8 chains. Daily active addresses rank second on Token Terminal’s lending/borrowing leaderboard—just lower than Aave.
After Morpho, it released the Midnight whitepaper; then Kamino and Euler all moved toward fixed-rate models as well. That suggests the direction hasn’t gone off track.
TGE is on August 25. The points window is down to only a few days—if you want to get on board, weigh it for yourself.
#termmax @TermMax
To put it simply: in DeFi, borrowing money comes with floating interest rates—3% today could be 15% tomorrow, so you can’t accurately calculate your costs. TermMax locks both the interest rate and the term; settlement happens only at maturity. It’s basically the same idea as buying a zero-coupon bond.
It doesn’t sound glamorous, but institutions recognize it. In January this year, it took Ondo’s tokenized stocks as collateral. For the first time, brokers were able to lend money at a fixed interest rate without having to sell tickets. In traditional finance, this is called “stock pledge financing.” In DeFi, it’s something nobody had really done before.
The numbers aren’t underwhelming either: TVL exceeds 100 million, spanning 8 chains. Daily active addresses rank second on Token Terminal’s lending/borrowing leaderboard—just lower than Aave.
After Morpho, it released the Midnight whitepaper; then Kamino and Euler all moved toward fixed-rate models as well. That suggests the direction hasn’t gone off track.
TGE is on August 25. The points window is down to only a few days—if you want to get on board, weigh it for yourself.
#termmax @TermMax