#termmax @TermMax

Most people will watch TermMax through the TVL lens.

I’m more curious about the behavior behind the liquidity. 👀

Fixed-rate borrowing becomes interesting when markets get messy—especially when traders need predictable funding while perp rates and spot prices move in different directions.

That means a spike in TermMax activity wouldn’t automatically equal traditional lending demand. It could reveal traders using fixed-rate liquidity as a strategic building block for hedged positions and funding trades.

After TGE, I’ll be watching who uses the liquidity, how long they use it, and what strategies emerge.

That story could be far more valuable than TVL alone.