#termmax @TermMax
While other projects are figuring out how to sell tokens to the market, @TermMax has already launched a TGE drop checker. But what grabbed me more was their tokenomics.
As I understand it, the main feature of $TMX is that liquidation penalties don’t just go into the Treasury.
In V2, during liquidation a 5% fee is charged, and then these funds are distributed among $TMX stakers in USDC and other liquid assets.
For example, a liquidation of $100K = a $5K penalty. If your share in the pool is 0.5% — that’s $25.
At the same time, single-asset staking doesn’t have the classic Impermanent Loss you’d see with LPs in a two-token pair.
So the logic really appeals to me: the staker gets the base yield, and when the market starts to get stormy and liquidations roll in — they get additional cash flow.
I wonder if this model will hold up after the TGE. 👀
While other projects are figuring out how to sell tokens to the market, @TermMax has already launched a TGE drop checker. But what grabbed me more was their tokenomics.
As I understand it, the main feature of $TMX is that liquidation penalties don’t just go into the Treasury.
In V2, during liquidation a 5% fee is charged, and then these funds are distributed among $TMX stakers in USDC and other liquid assets.
For example, a liquidation of $100K = a $5K penalty. If your share in the pool is 0.5% — that’s $25.
At the same time, single-asset staking doesn’t have the classic Impermanent Loss you’d see with LPs in a two-token pair.
So the logic really appeals to me: the staker gets the base yield, and when the market starts to get stormy and liquidations roll in — they get additional cash flow.
I wonder if this model will hold up after the TGE. 👀
