The more I look into TermMax’s Dual Investment vault, the more interesting the 60x AP multiplier becomes. #termmax @TermMax

At first glance, the strategy is about yield, target price, maturity, and the potential conversion outcome.

But the 60x multiplier introduces another reason to participate.

Some users may enter because they genuinely like the strategy and its potential yield.

Others may be there primarily because the multiplier helps them reach their points target faster.

And that creates an interesting question:
How much of the capital is driven by the strategy itself, and how much is driven by the incentive?

The real test comes when the extra incentive is no longer the main reason to participate.

If users still choose the vault for its yield, structure, and risk profile, that tells us there is genuine demand underneath the rewards.

For me, that’s more interesting than simply looking at the headline APY.
The real signal isn’t how much capital incentives can attract.

It’s how much capital stays when the incentives become less important.

#termmax #Defi #BTC☀ #Ethereum