#termmax TermMax is a decentralized lending protocol focused on fixed interest rates and fixed terms. It has just completed its integration with Ondo Finance, allowing users to use Ondo assets as collateral to borrow stablecoins at a fixed interest rate on both BNB Chain and Ethereum.
💡 Core features: fixed-rate lending
The biggest highlight is "known interest rate, known term":
· Eliminate interest-rate volatility: the interest rate is locked in advance when borrowing, with no risk of floating-rate fluctuations.
· Transparent and controllable risk: flexible repayment, with support for early repayment or term extension.
🤝 Background: combining RWA with DeFi
This is the first time in the DeFi space that the combination of tokenized RWA stocks and fixed-rate lending has been realized. Ondo’s tokenized stocks (such as Tesla, Apple, Nvidia, etc., over 100 types of US stocks/ETFs) are accepted for the first time as compliant collateral for DeFi lending.
📊 Market data: strong growth
· Ondo TVL: As a leading RWA platform, TVL has exceeded $1 billion (it has also been reported that tokenized securities TVL is over $350 million).
· Borrowing interest rates: fixed annual rates are approximately in the range of 2.9% - 4.23% (one report mentions a borrowing rate of 3.5%; exact rates depend on the market).
· Borrowing terms: typically available in options such as 14 days, 45 days, 75 days, etc., and some markets offer terms covering 18 days to 4 months.
⚙️ How it works: zero-coupon bond model
The protocol operates using a zero-coupon bond model: lenders deposit stablecoins to receive zero-coupon bonds (priced below par), and at maturity redeem at par to earn fixed returns. Borrowers collateralize assets to issue bonds in exchange for stablecoins, and at maturity repay by buying back at par. The entire process is fully transparent on-chain.
This service is currently available on both BNB Chain and Ethereum.
💡 Core features: fixed-rate lending
The biggest highlight is "known interest rate, known term":
· Eliminate interest-rate volatility: the interest rate is locked in advance when borrowing, with no risk of floating-rate fluctuations.
· Transparent and controllable risk: flexible repayment, with support for early repayment or term extension.
🤝 Background: combining RWA with DeFi
This is the first time in the DeFi space that the combination of tokenized RWA stocks and fixed-rate lending has been realized. Ondo’s tokenized stocks (such as Tesla, Apple, Nvidia, etc., over 100 types of US stocks/ETFs) are accepted for the first time as compliant collateral for DeFi lending.
📊 Market data: strong growth
· Ondo TVL: As a leading RWA platform, TVL has exceeded $1 billion (it has also been reported that tokenized securities TVL is over $350 million).
· Borrowing interest rates: fixed annual rates are approximately in the range of 2.9% - 4.23% (one report mentions a borrowing rate of 3.5%; exact rates depend on the market).
· Borrowing terms: typically available in options such as 14 days, 45 days, 75 days, etc., and some markets offer terms covering 18 days to 4 months.
⚙️ How it works: zero-coupon bond model
The protocol operates using a zero-coupon bond model: lenders deposit stablecoins to receive zero-coupon bonds (priced below par), and at maturity redeem at par to earn fixed returns. Borrowers collateralize assets to issue bonds in exchange for stablecoins, and at maturity repay by buying back at par. The entire process is fully transparent on-chain.
This service is currently available on both BNB Chain and Ethereum.