#termmax @TermMax confirmed the TMX TGE for August 25, and the numbers made me look twice: $90M+ TVL, 1.5M+ registered wallets, and 90K+ daily active users across 10 EVM chains.

I started looking into TermMax because of its zero-liquidation leverage model, but the deeper story seems to be on the lending side. A big part of the liquidity comes from lenders and vault depositors earning fixed yield, while active borrowing is much smaller than total deposits.

That makes me wonder: after TGE, will TMX be driven more by yield-focused users or the leverage crowd?