Fixed-rate lending protocol TermMax @TermMaxFi takes another big step in the Berachain ecosystem. They’ve officially launched a lending market based on Beefy Finance’s sUSDe-HONEY and USDe-HONEY vault tokens. Users can use these tokens as collateral to borrow Berachain’s native stablecoin HONEY at a fixed rate of 2%–4%. ① Provide liquidity on KodiakFi Deposit USDe / sUSDe and HONEY into the liquidity pool to receive LP tokens. ② Deposit LP tokens into Beefy Finance’s vault Beefy will automatically stake your LP tokens on Infrared Finance to earn PoL rewards, currently yielding an annual return of around 8%. ③ Go back to TermMax and use Beefy vault certificates as collateral to borrow HONEY Here’s the key: borrowing rates are locked at a fixed 2%–4%. In theory, you can use the underlying yield of around 8% to cover the fixed borrowing cost of 2%–4%, leaving a net yield spread of approximately 4%–6%. If you’re interested, feel free to give it a try!