#termmax @TermMax I used to think RWA lending was mainly a liquidity problem.

TermMax made me look at it differently: if collateral is less liquid, physical delivery can provide another way to handle certain loan outcomes instead of relying only on immediate market sales.

That raises a bigger question: for RWAs, is the real challenge tokenization—or having a clear path when liquidity gets tight?

#tremmax @TermMax