#termmax @TermMax the thing that made me pause wasn't the leverage mechanic.
it was the number gap. TermMax own channels are running around >1.5M registered wallets and TVL past $90M ahead of the $TMX TGE on Aug 25. DefiLlama, right now, has TermMax at $31.22M TVL, down 7.2% over 30 days, $27.28M in active loans.
Same protocol, two very different pictures depending which door you walk through.
Hmm… not saying either number is fake. Registered wallets aren't locked capital, obviously.
But it's a clean example of the gap between reach metrics teams push pre TGE and what's actually sitting in contracts. I caught myself almost quoting the marketing figure in my notes before double checking on the explorer easy mistake if you're moving fast.
what TVL looks like the week after the TGE actually clears. Airdrop farmers rotating out, or does the leverage on Alpha tokens use case actually hold volume once the incentive dust settles?
it was the number gap. TermMax own channels are running around >1.5M registered wallets and TVL past $90M ahead of the $TMX TGE on Aug 25. DefiLlama, right now, has TermMax at $31.22M TVL, down 7.2% over 30 days, $27.28M in active loans.
Same protocol, two very different pictures depending which door you walk through.
Hmm… not saying either number is fake. Registered wallets aren't locked capital, obviously.
But it's a clean example of the gap between reach metrics teams push pre TGE and what's actually sitting in contracts. I caught myself almost quoting the marketing figure in my notes before double checking on the explorer easy mistake if you're moving fast.
what TVL looks like the week after the TGE actually clears. Airdrop farmers rotating out, or does the leverage on Alpha tokens use case actually hold volume once the incentive dust settles?
