Wow, what a long wait! Airdrop results for TermMax have been announced this evening.
Finally, the long-awaited results have been announced!
Now I'm doing some calculations. The current market cap of TermMax is estimated at $180 million, with a supply of 1 billion tokens. 1% equals to 1.8 million USDT. Already boosters got 0.2%, and if Alpha gets another 0.8%, the pool will amount to 1.44 million USDT. 50,000 participants means that each one will receive around 30 USDT.
Therefore, I don't think that it is urgent to farm airdrops at the moment. If the minimum threshold is indeed 200-220 points, then there might be no sense in trying to get more. Nevertheless, taking into account that the current TVL has reached 90 million USDT, while the number of registered wallets is 1.5 million and 90,000 daily active users, it is not unlikely that Alpha will only provide 0.5%.
Yet, I think that the project itself is valuable.
TermMax was always considered by me as the fixed rate lending protocol. However, having re-examined FT, XT, and limit orders, I understand that the ambitions of the team are bigger.
FT/ XT makes an analysis of the fund's return, terms, and risks, and limit orders are even more intriguing: lenders may provide their minimal yield and borrowers may lock in the maximal interest rate. No longer are the interest rates dictated by the protocol: funds set their own prices and find their own counterparties.
From this point of view, TermMax is not only providing lending services, but, actually, creating a matching mechanism for on-chain funds.
However, liquidity is the final proof. Without order depth, even the most advanced self-pricing becomes just the situation when there's a price, but there's no market.
That is why after the airdrop, I am going to pay attention to order depth, aggregators' slippage, and whether the XT price really shows the market mood.
As for the airdrop in the afternoon?
Let's see.
This time, I'm not guessing: the real answer is how much will end up in my wallet.
#termmax @TermMax
Finally, the long-awaited results have been announced!
Now I'm doing some calculations. The current market cap of TermMax is estimated at $180 million, with a supply of 1 billion tokens. 1% equals to 1.8 million USDT. Already boosters got 0.2%, and if Alpha gets another 0.8%, the pool will amount to 1.44 million USDT. 50,000 participants means that each one will receive around 30 USDT.
Therefore, I don't think that it is urgent to farm airdrops at the moment. If the minimum threshold is indeed 200-220 points, then there might be no sense in trying to get more. Nevertheless, taking into account that the current TVL has reached 90 million USDT, while the number of registered wallets is 1.5 million and 90,000 daily active users, it is not unlikely that Alpha will only provide 0.5%.
Yet, I think that the project itself is valuable.
TermMax was always considered by me as the fixed rate lending protocol. However, having re-examined FT, XT, and limit orders, I understand that the ambitions of the team are bigger.
FT/ XT makes an analysis of the fund's return, terms, and risks, and limit orders are even more intriguing: lenders may provide their minimal yield and borrowers may lock in the maximal interest rate. No longer are the interest rates dictated by the protocol: funds set their own prices and find their own counterparties.
From this point of view, TermMax is not only providing lending services, but, actually, creating a matching mechanism for on-chain funds.
However, liquidity is the final proof. Without order depth, even the most advanced self-pricing becomes just the situation when there's a price, but there's no market.
That is why after the airdrop, I am going to pay attention to order depth, aggregators' slippage, and whether the XT price really shows the market mood.
As for the airdrop in the afternoon?
Let's see.
This time, I'm not guessing: the real answer is how much will end up in my wallet.
#termmax @TermMax