#termmax @TermMax
A vault APY is never just a number. It is a collection of someone’s risk decisions.
On TermMax, depositors can provide assets to vaults run by Curators. Those Curators decide how liquidity is deployed across markets and maturities, and may earn fees for their work.
That can make passive exposure easier, but it also means the curator, strategy, maturity profile, withdrawal terms, and risks deserve as much attention as the APY itself.
The cleanest due-diligence question is not “What yield is highest?”
It is: “What has to go right for this yield to exist?”
@TermMax #TermMax
A vault APY is never just a number. It is a collection of someone’s risk decisions.
On TermMax, depositors can provide assets to vaults run by Curators. Those Curators decide how liquidity is deployed across markets and maturities, and may earn fees for their work.
That can make passive exposure easier, but it also means the curator, strategy, maturity profile, withdrawal terms, and risks deserve as much attention as the APY itself.
The cleanest due-diligence question is not “What yield is highest?”
It is: “What has to go right for this yield to exist?”
@TermMax #TermMax
