#termmax @TermMax
i think this is where the RWA story gets a bit uncomfortable… putting an asset onchain doesnt magically make someone wanna buy it the second a loan goes bad.
thats why the physical delivery part of TermMax caught me.
instead of pretending every collateral token has deep liquidity somewhere, the lender can end up receiving the actual underlying asset in certain cases. no forced story that “its tokenized so liquidity is solved” becuse thats just not true for alot of real world stuff.
and i kinda like that.
with fixed maturity i already know when the loan ends and what return im expecting… but now i also have to ask myself a more real question — if repayment fails am i actually okay owning what sits behind this loan??
thats a very diff mindset from normal DeFi where collateral gets dumped into a liquid market and everyone moves on.
i think RWA lending gets serious exactly here… when the asset cant be sold in 5 seconds and the lender has to care about what theyre really financing.
tokenization makes ownership move easier.
it doesnt make a bad market liquid tho.
thats the part of TermMax i wanna see tested with real illiquid assets not just the easy ones.
@TermMax #termmax
i think this is where the RWA story gets a bit uncomfortable… putting an asset onchain doesnt magically make someone wanna buy it the second a loan goes bad.
thats why the physical delivery part of TermMax caught me.
instead of pretending every collateral token has deep liquidity somewhere, the lender can end up receiving the actual underlying asset in certain cases. no forced story that “its tokenized so liquidity is solved” becuse thats just not true for alot of real world stuff.
and i kinda like that.
with fixed maturity i already know when the loan ends and what return im expecting… but now i also have to ask myself a more real question — if repayment fails am i actually okay owning what sits behind this loan??
thats a very diff mindset from normal DeFi where collateral gets dumped into a liquid market and everyone moves on.
i think RWA lending gets serious exactly here… when the asset cant be sold in 5 seconds and the lender has to care about what theyre really financing.
tokenization makes ownership move easier.
it doesnt make a bad market liquid tho.
thats the part of TermMax i wanna see tested with real illiquid assets not just the easy ones.
@TermMax #termmax