Yeah, I’d at least keep TermMax on the radar. It’s trying to bring fixed-rate borrowing and lending into DeFi, plus options trading, which is useful because floating rates can screw up a trade even when the underlying asset does what you expected. Locking the borrowing cost gives you way more certainty, especially for leveraged positions or anything with a fixed maturity. But I’m not blindly bullish on it either. The annoying part in real markets is gonna be liquidity, because a nice fixed-rate product means very little if you can’t get size in or out without getting hammered on slippage, and collateral/liquidation rules can get nasty when volatility spikes.

The other thing I’d watch is whether there’s actually enough demand across different maturities and rates. A protocol can have a clever mechanism and still feel dead if nobody wants to trade the other side. I’d be checking actual volume, depth, utilization and how positions behave during a proper market dump before putting serious money in.

#TermMax @TermMax