People who play DeFi should have had experiences like this: you see an up-and-coming lending protocol offering a pretty high annualized return, so you deposit your money—then after a few days, the interest rate drops, and the收益 you end up with is cut by a big chunk. Or the other way around: you borrow money to do something, but the interest suddenly spikes, and your costs quickly get out of control.
What @TermMax is doing is actually quite straightforward—making the interest you pay on borrowed funds and the yield you receive on deposited funds fixed in advance, so you don’t have to watch the market every day. For example, if you want to borrow 10,000 U for 3 months: when you enter the position, the interest rate is whatever it is then, and at maturity you’ll receive/pay the predetermined amount—any fluctuations in between have nothing to do with you. For the people putting money in, it’s the same: before depositing, they already know how much they can take back after 3 months.
To be honest, for ordinary retail investors, floating interest rates might not matter much—you can always switch platforms. But for DAOs, project treasuries, or those running high-volume quant strategies that manage large sums of money, if the funding cost can’t be calculated accurately, the entire plan could be thrown off. TermMax solves exactly this “having it under control” problem.
Word is that TermMax has just released a V2 version, which also allows idle funds to be used to earn baseline returns from other protocols, boosting capital utilization by another notch. There’s also an activity going on in Binance Wallet, with 2 million TMX tokens available to be shared. If you’re interested, you can check it out—just search for @TermMax in the Binance Square. #TermMax
What @TermMax is doing is actually quite straightforward—making the interest you pay on borrowed funds and the yield you receive on deposited funds fixed in advance, so you don’t have to watch the market every day. For example, if you want to borrow 10,000 U for 3 months: when you enter the position, the interest rate is whatever it is then, and at maturity you’ll receive/pay the predetermined amount—any fluctuations in between have nothing to do with you. For the people putting money in, it’s the same: before depositing, they already know how much they can take back after 3 months.
To be honest, for ordinary retail investors, floating interest rates might not matter much—you can always switch platforms. But for DAOs, project treasuries, or those running high-volume quant strategies that manage large sums of money, if the funding cost can’t be calculated accurately, the entire plan could be thrown off. TermMax solves exactly this “having it under control” problem.
Word is that TermMax has just released a V2 version, which also allows idle funds to be used to earn baseline returns from other protocols, boosting capital utilization by another notch. There’s also an activity going on in Binance Wallet, with 2 million TMX tokens available to be shared. If you’re interested, you can check it out—just search for @TermMax in the Binance Square. #TermMax