the more I dig into TMX ahead of TGE the more it feels like the token's just catching up to something that's already working.
start with who's actually behind it. term structure closed a $4.45M seed led by cumberland, drw's crypto arm, alongside hashkey capital, decima fund, longling capital and mz web3 fund. cumberland's been market
making since before most of us were even trading, they don't put their name on something without actually stress testing it first, and having a desk like that lead the round says a lot before you even get to the product itself.
then there's the usage, which is the part that actually convinced me. TermMax crossed 1M+ users and 837k+ registered wallets, hit 170k daily actives at peak, all running across
7 chains with tvl sitting around 62-64M. that's real people opening real fixed rate positions, not wallets that show up once for a snapshot and vanish. and the best part is none of that growth needed a live token to happen, people were using the protocol because the product itself was worth using.
what I like most though is the pre-mine's been quietly running since day 1 of mainnet. anyone who's been lending,
depositing into vaults, or running range orders as a curator has already been earning TMX this whole time through position rewards, referral rewards, and mindshare rewards, all stacking before TGE even lands. so this isn't a cold start airdrop, it's rewarding people who were actually building the usage numbers that got the token this far in the first place.
feels like a token launch backed by a real product instead of the other way around.
@TermMax #termmax @TermMax
start with who's actually behind it. term structure closed a $4.45M seed led by cumberland, drw's crypto arm, alongside hashkey capital, decima fund, longling capital and mz web3 fund. cumberland's been market
making since before most of us were even trading, they don't put their name on something without actually stress testing it first, and having a desk like that lead the round says a lot before you even get to the product itself.
then there's the usage, which is the part that actually convinced me. TermMax crossed 1M+ users and 837k+ registered wallets, hit 170k daily actives at peak, all running across
7 chains with tvl sitting around 62-64M. that's real people opening real fixed rate positions, not wallets that show up once for a snapshot and vanish. and the best part is none of that growth needed a live token to happen, people were using the protocol because the product itself was worth using.
what I like most though is the pre-mine's been quietly running since day 1 of mainnet. anyone who's been lending,
depositing into vaults, or running range orders as a curator has already been earning TMX this whole time through position rewards, referral rewards, and mindshare rewards, all stacking before TGE even lands. so this isn't a cold start airdrop, it's rewarding people who were actually building the usage numbers that got the token this far in the first place.
feels like a token launch backed by a real product instead of the other way around.
@TermMax #termmax @TermMax