when I visit @TermMax documents on web I notice the relationship between TermMax and yield-bearing assets. Hare I will try to explain in details with some example.

Suppose you hold an asset that generates yield on its own—such as Pendle’s PT (Principal Token). Typically, you can earn yield simply by holding that asset. However, things become even more interesting if you have the opportunity to use it as collateral in a fixed-rate lending market like TermMax.
A potential strategy could be:
Yield-bearing asset → Collateral → Fixed-rate borrowing → Re-investment → Leverage

I will give you an example for better understand
Example:
You hold a yield-bearing asset worth $10,000.
You borrow $6,000 using it as collateral.
The borrowing cost is fixed in advance.
If the yield generated from the collateral and the return on the new investment exceed the borrowing cost, the strategy can be profitable.

However, there is leverage risk involved here. Losses can escalate if the asset's value drops or if the strategy fails to yield the expected returns.

For this reason, TermMax can serve as a building block for fixed-income strategies, rather than functioning merely as a standard lending protocol.

#termmax @TermMax