#termmax @TermMax 25th TGE is getting closer, and yet I actually want to verify something more than ever
As the 25th TGE gets closer, the mood in the community has clearly become more noticeable lately.
I’ve been following TermMax all along, and regarding the 25th as a milestone—saying I have no expectations would definitely be a lie. After all, we’re finally at the point where we can truly see the results.
But the closer it gets, the more I want to verify a question.
I went back to that line in the TermMax whitepaper:
“TMX isn’t funding a roadmap. The protocol is thriving.”
If what the project team really means is: TMX isn’t raising money to fund a future roadmap, but issuing tokens on top of a protocol that’s already up and running.
Then after the TGE, what we should really be looking at won’t be only how much TMX can secure or what the price is like.
I want to focus back on TermMax itself:
Have all these already-built products truly translated into ongoing, real usage?
For a lending protocol, TVL is obviously important, but I don’t think looking at TVL alone is enough.
Has the money actually flowed into the lending market? Is there continuous borrowing demand? After the product keeps improving, has capital efficiency really gotten better?
These might be the real key to judging whether a protocol is truly “running.”
So on the 25th, of course I’m looking forward to it.
But for me, the TGE isn’t the endpoint of research—it’s the starting point for verification.
If TMX isn’t meant to fund a roadmap, then the next most worth watching thing is:
Can TermMax use real protocol activity to prove the line it said?
@TermMax #TermMax
As the 25th TGE gets closer, the mood in the community has clearly become more noticeable lately.
I’ve been following TermMax all along, and regarding the 25th as a milestone—saying I have no expectations would definitely be a lie. After all, we’re finally at the point where we can truly see the results.
But the closer it gets, the more I want to verify a question.
I went back to that line in the TermMax whitepaper:
“TMX isn’t funding a roadmap. The protocol is thriving.”
If what the project team really means is: TMX isn’t raising money to fund a future roadmap, but issuing tokens on top of a protocol that’s already up and running.
Then after the TGE, what we should really be looking at won’t be only how much TMX can secure or what the price is like.
I want to focus back on TermMax itself:
Have all these already-built products truly translated into ongoing, real usage?
For a lending protocol, TVL is obviously important, but I don’t think looking at TVL alone is enough.
Has the money actually flowed into the lending market? Is there continuous borrowing demand? After the product keeps improving, has capital efficiency really gotten better?
These might be the real key to judging whether a protocol is truly “running.”
So on the 25th, of course I’m looking forward to it.
But for me, the TGE isn’t the endpoint of research—it’s the starting point for verification.
If TMX isn’t meant to fund a roadmap, then the next most worth watching thing is:
Can TermMax use real protocol activity to prove the line it said?
@TermMax #TermMax