To be honest, I’m genuinely a little impressed by TermMax’s pace this time.
Back then, we didn’t rush TGE. The team was pretty straightforward: wait for the market. And then just a little while after the official announcement, BTC quickly regained the ~$70k level. Whether it was a coincidence or not, at least this timing really adds a lot of imagination for next week’s TGE.
Now, a lot of people on the square are shouting, “Don’t hold out—sell as soon as it opens.” But I actually want to hold on a bit longer.
When I first paid attention to TermMax, there was something similar to early River— not because the business is the same, but because it feels like the product, the economic model, and the community all push forward together. When we looked at it, there was this one thought in our heads: can it run another River?
Of course, it’s still too early to draw conclusions now.
The reason I’m continuing to look at TermMax, though, is because of its own product.
That FT, XT, GT combination is actually pretty complete in how it pieces together fixed income, lending, and leverage. FT leans toward the yield side: buy at a discount and redeem at maturity. XT corresponds to the borrowing side: lock in liquidity and the lending cost. GT compresses complicated looping leverage into an asset receipt.
But what really interests me is what comes after that—TMX.
Especially the Curator Vaults: it’s not just about setting up governance voting, but making governance truly touch the allocation of funds. Different Vaults take on different strategies—how the funds flow, how the risks are distributed, and how the returns are sliced up will all be incorporated into this mechanism.
That’s what makes TermMax interesting to me.
DeFi has never lacked governance tokens. What it lacks is governance that can truly affect capital.
So for this TGE, I won’t treat it purely as an opening-week hype cycle. Whether it can pump in the short term depends on sentiment, liquidity, and token holders—but I’m willing to keep a portion of my position to see whether it can really run this whole thing.
I’d even dare to say it could go 100x.
But whether it ultimately succeeds—only the market will tell.
See you next Tuesday. Time to find out.
#termmax @TermMax
Back then, we didn’t rush TGE. The team was pretty straightforward: wait for the market. And then just a little while after the official announcement, BTC quickly regained the ~$70k level. Whether it was a coincidence or not, at least this timing really adds a lot of imagination for next week’s TGE.
Now, a lot of people on the square are shouting, “Don’t hold out—sell as soon as it opens.” But I actually want to hold on a bit longer.
When I first paid attention to TermMax, there was something similar to early River— not because the business is the same, but because it feels like the product, the economic model, and the community all push forward together. When we looked at it, there was this one thought in our heads: can it run another River?
Of course, it’s still too early to draw conclusions now.
The reason I’m continuing to look at TermMax, though, is because of its own product.
That FT, XT, GT combination is actually pretty complete in how it pieces together fixed income, lending, and leverage. FT leans toward the yield side: buy at a discount and redeem at maturity. XT corresponds to the borrowing side: lock in liquidity and the lending cost. GT compresses complicated looping leverage into an asset receipt.
But what really interests me is what comes after that—TMX.
Especially the Curator Vaults: it’s not just about setting up governance voting, but making governance truly touch the allocation of funds. Different Vaults take on different strategies—how the funds flow, how the risks are distributed, and how the returns are sliced up will all be incorporated into this mechanism.
That’s what makes TermMax interesting to me.
DeFi has never lacked governance tokens. What it lacks is governance that can truly affect capital.
So for this TGE, I won’t treat it purely as an opening-week hype cycle. Whether it can pump in the short term depends on sentiment, liquidity, and token holders—but I’m willing to keep a portion of my position to see whether it can really run this whole thing.
I’d even dare to say it could go 100x.
But whether it ultimately succeeds—only the market will tell.
See you next Tuesday. Time to find out.
#termmax @TermMax