#termmax The activity page is getting smoother and smoother, and I’m actually a bit worried.
Because the biggest problem with TermMax right now is not that users can’t get in, but that users may find it too easy to get in.
Recently, @TermMax has been moving very fast: the TGE is on August 25, and it’s followed by the Binance Booster Campaign. The rewards will directly push a batch of new users into the product. For the project, that’s traffic, but from an ordinary user’s perspective, I want to ask one thing: do these people really understand what they’re doing?
I actually looked at the TermMax product myself. On the surface, the operations have already been simplified a lot: fixed rate, one-click leverage, maturity yield. The page gives the impression that you just “pick a yield and click in.”
But the things that really need to be understood haven’t gone away at all.
FT, XT, GT, Maturity, LTV, liquidation line, early exit, maturity redemption... these terms mean little to experienced DeFi users, but new users are very likely to focus only on the APR. In particular, the four words “fixed rate” can easily be understood as “the yield is fixed, and the risk is more or less fixed too.”
In reality, it’s not the same thing at all.
The interest rate can be locked in early, but the collateral price cannot; maturity yield can be calculated, but liquidity when exiting early is not guaranteed; one-click leverage removes a few steps, but that doesn’t mean the liquidation logic disappears along with them.
So I’m starting to doubt TermMax’s product direction: it really is lowering the barrier to operation, but is it also lowering the barrier to understanding?
If it just hides complex logic behind buttons, users may click faster, but that doesn’t necessarily mean the experience is better. A truly good product should let ordinary users know three things before placing an order: what exactly am I earning money from, under what circumstances will I lose money, and if I want to leave early, can I actually leave?
What TermMax most needs to improve right now, in my opinion, is not one less click, but explaining the risks in plain language.
Otherwise, “simple operation” can easily end up meaning “simple entry, complicated disaster.”
#TermMax $TermMax @TermMax
Because the biggest problem with TermMax right now is not that users can’t get in, but that users may find it too easy to get in.
Recently, @TermMax has been moving very fast: the TGE is on August 25, and it’s followed by the Binance Booster Campaign. The rewards will directly push a batch of new users into the product. For the project, that’s traffic, but from an ordinary user’s perspective, I want to ask one thing: do these people really understand what they’re doing?
I actually looked at the TermMax product myself. On the surface, the operations have already been simplified a lot: fixed rate, one-click leverage, maturity yield. The page gives the impression that you just “pick a yield and click in.”
But the things that really need to be understood haven’t gone away at all.
FT, XT, GT, Maturity, LTV, liquidation line, early exit, maturity redemption... these terms mean little to experienced DeFi users, but new users are very likely to focus only on the APR. In particular, the four words “fixed rate” can easily be understood as “the yield is fixed, and the risk is more or less fixed too.”
In reality, it’s not the same thing at all.
The interest rate can be locked in early, but the collateral price cannot; maturity yield can be calculated, but liquidity when exiting early is not guaranteed; one-click leverage removes a few steps, but that doesn’t mean the liquidation logic disappears along with them.
So I’m starting to doubt TermMax’s product direction: it really is lowering the barrier to operation, but is it also lowering the barrier to understanding?
If it just hides complex logic behind buttons, users may click faster, but that doesn’t necessarily mean the experience is better. A truly good product should let ordinary users know three things before placing an order: what exactly am I earning money from, under what circumstances will I lose money, and if I want to leave early, can I actually leave?
What TermMax most needs to improve right now, in my opinion, is not one less click, but explaining the risks in plain language.
Otherwise, “simple operation” can easily end up meaning “simple entry, complicated disaster.”
#TermMax $TermMax @TermMax