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Xiao 晓雨
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I’ve been burned enough by DeFi meta narratives to stop caring about another “yield revolution.”
The boring problem is funding cost.
When Aave/Compound rates move hard, your borrowing cost can go from manageable to absolutely wrecking your position. That’s fine for degens chasing leverage, but it’s a terrible setup for anyone trying to plan capital.
That’s why @TermMax is interesting to me.
The overlooked plumbing is fixed-rate lending and borrowing. Instead of treating interest rates like some unavoidable black box, TermMax lets users lock in a defined borrowing cost for a defined maturity.
Sounds boring. Good.
Fixed-rate debt gives traders, yield farmers, and potentially larger capital allocators something DeFi rarely offers: predictability.
My contrarian take: the next useful DeFi infrastructure probably won’t look sexy on CT.
It’ll look like boring risk plumbing that keeps people from getting wrecked when volatility hits.
Everyone can chase volume.
The real edge is knowing what happens when the market turns ugly.
#termmax @TermMax
$ACE
$RICE
$BTW
The boring problem is funding cost.
When Aave/Compound rates move hard, your borrowing cost can go from manageable to absolutely wrecking your position. That’s fine for degens chasing leverage, but it’s a terrible setup for anyone trying to plan capital.
That’s why @TermMax is interesting to me.
The overlooked plumbing is fixed-rate lending and borrowing. Instead of treating interest rates like some unavoidable black box, TermMax lets users lock in a defined borrowing cost for a defined maturity.
Sounds boring. Good.
Fixed-rate debt gives traders, yield farmers, and potentially larger capital allocators something DeFi rarely offers: predictability.
My contrarian take: the next useful DeFi infrastructure probably won’t look sexy on CT.
It’ll look like boring risk plumbing that keeps people from getting wrecked when volatility hits.
Everyone can chase volume.
The real edge is knowing what happens when the market turns ugly.
#termmax @TermMax
$ACE
$RICE
$BTW
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