“Brothers, after so many years of DeFi lending and borrowing development, why are we still accepting unpredictable floating interest rates?”
This question naturally brings fixed interest rates, terms, and risk management into the spotlight, and it is highly aligned with TermMax’s positioning.
After so many years of DeFi development, lately I’ve actually started to think about a very basic question:
Why does on-chain lending interest have to keep changing?
In the past, we were used to the model of lending markets like Aave and Compound—when capital utilization changes, lending rates change as well. When capital demand rises in a bull market, the borrowing cost that once looked low can increase rapidly.
But if DeFi really wants to gradually evolve from an “on-chain casino” into a mature financial market, I think fixed interest rates and clearly defined terms are a step that can’t be avoided.
That’s also what recently piqued my interest while researching @TermMax .
TermMax attempts to combine fixed-rate lending with an options mechanism. For me, what truly deserves attention isn’t just that it’s “another DeFi lending protocol,” but that it’s trying to solve a very real problem:
Before taking out a loan, can I know in advance how much it will ultimately cost?
That’s normal in traditional finance, but in the DeFi world it still hasn’t become the most mainstream experience.
If, in the future, the scale of on-chain capital continues to grow, I believe competition won’t be only about “who has the higher APY,” but also about who can offer more predictable interest rates, clearer terms, and more mature risk management tools.
From this perspective, fixed-rate lending may be the next piece of the puzzle in DeFi lending worth paying attention to.
My DCA (dollar-cost averaging) is done for today~✅
Diary: The market is becoming more and more lifeless, and the trading volume is getting smaller! This is the first round of the 🐻 bear market I’ve experienced. Due to my inexperience and my cautious approach to trading, I will combine on-chain data analysis with viewpoints from major authoritative crypto influencers.
Everyone can take a look at my Figure 1 for the interval DCA plan. My current cost basis is 63649.
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Very good blogger—great analysis. Guys, if you haven’t jumped on the train yet, follow him and learn!
加密龐克
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Bitcoin’s big surge this time is different... Spot demand is skyrocketing—bull confirmed at the start! The final chance to get on board is right here... everyone, please make sure you catch it! #BTC #ETH
~~🛫 I’m heading out to tell my brothers today—the market is flying!
The US stock market and crypto are both up. To help everyone see the position size more clearly, I converted the total amount to a clean 10,000 (1W) integer. This way, everyone can plan their own DCA positions more easily and stay in sync;
I still believe the bottom is already in place now, so it’s time to do a steady DCA and catch this bottom range. Even if it drops to 50,000, I won’t panic!
$SNDK Shares trading journal. I don’t know if it was deliberate or if the liquidity is just too good. The market always goes against me, and I end up getting stopped out even at the position I had clearly liked—it's a pity that my stop-loss was too small. It’s such a shame. The short position at 1807 got stopped out.
$BTC A Cai’s BTC🪙 DCA Diary📓 Day 2 I woke up and checked the market—nothing had changed. I’m still buying according to the plan 😎 The teacher says the time is about right 🤪 What do you think, brothers and sisters?
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Crypto market monthly review and analysis (07.22) Summary: 1. The pace of Federal Reserve rate hikes. 2. The stock market being overbought and the precarious situation of leveraged traders. 3. The essence of leveraged ETFs is a mathematical problem. 4. Gold: long-term bearish and short-term bullish. 5. Let’s talk about the real estate market. 6. The rebound isn’t over yet—go short first.
In terms of operations: 1) $BTC : build short positions in batches in the 66,000–71,000 range. Liquidation price above 80,000; take profit at 56,000. 2) $ETH : build short positions in batches in the 1,950–2,150 range. Liquidation price above 2,400; take profit at 1,350. 3) $SOL : build short positions in batches in the 78.5–85 range. Stop loss above 95; take profit at 55. 4) Monthly: DCA 3wu worth of BTC and 1wu worth of SOL at the end of each month.
Because I really don’t believe that BTC at 66,800 is the peak of this rebound, and the altcoin season index is currently around 55 and hasn’t touched above 75. So the altcoin spot I bought earlier will still be held a bit longer, but at the latest by mid-August I will sell the altcoins and wait for a lower level to buy back.
For ETH and SOL, their exact price points are somewhat unclear. It’s not out of the question that 0.025 and 0.001 are the lowest points of their respective BTC exchange rates during this bear market. In trading, overall ETH and SOL should still follow BTC—don’t overthink the precise levels.
There are many reasons why I think there will be a high point, yet I set up short positions early. First, for coin-denominated shorts: a 1x short will not be liquidated, so going short early is effectively just hedging; you can earn funding fees too—no matter how you look at it, it’s not a losing trade. Also during a bear market, try not to guess the top—sometimes the market can suddenly drop big on you. And for the U.S. stock market, August is generally not a great month, so the chance that BTC tops in August is relatively high as well. So it makes sense to establish a bottom-position early and then gradually add over the next 2–3 weeks, from a time-cycle perspective.
I will continue holding the U.S. stock shorts—at least until the Nasdaq reaches around 22,000. From the timing perspective, it’s roughly near the MA125 on the weekly chart. At that point, I’ll close half of the U.S. stock short positions and secure it at break-even. Until then, just be patient and hold. In fact, the funding fees for my individual shorts have already exceeded my margin; so regardless, it won’t turn into a loss.
$OPN veteran players light up the little red heart, the nearly year-long Alpha journey has come to an end. It has been exactly 11 months since I started grinding Alpha in early April last year. A year of construction has taught me so much and I have lost a lot as well, but I am grateful that Alpha has given an ordinary person the opportunity to change their fate @币安Binance华语