Seeing the collaboration between TermMax and Morpho, both of whom are involved in lending, where is the point of their cooperation? From the user's perspective, it is about providing them with a complete revenue map. Why do you say that? TermMax is similar to a "fixed deposit bank": Users can deposit money and lock the interest rate and maturity date in advance (such as borrowing for 3 months with a fixed 8%), You don't have to worry about the interest rate changing when you get the money due. And Morpho is like a 'super current bank'; Inside, there are "vaults" managed by professional players, Users can match their money very quickly, and floating interest rates are usually good, but interest rates can fluctuate. Previously, both families played their own games, Now we are working together. Mainly: Users' money can no longer be idle! There is also a chance to make money during the idle period! How was it done specifically? Firstly, the money during the idle period automatically earns profits Users can deposit money into TermMax's vault in two situations: When no one borrows it (idle), TermMax automatically deposits the money into the Morpho vault, earning you a floating interest on Morpho (with guaranteed returns). Once someone borrows it, immediately switch to the user locked TermMax fixed interest rate (often higher). That is to say, After depositing a sum of money into the TermMAX vault, it is no longer idle and the income increases. Secondly, one click renewal upon maturity If the borrower doesn't want to repay the money temporarily when it's due. You can "Roll to Morpho" with just one click from TermMAX The same collateral seamlessly transfers to Morpho's floating rate market for continued borrowing and seamless experience. Users don't need to do anything, the system will accomplish three things in an instant: Borrow a new amount of money with a floating interest rate on the same collateral from Morpho; Immediately repay all old debts on TermMAX with new money (principal+fixed interest), and seamlessly transfer the collateral. Thirdly, when matching with pending orders, one can also earn money Users can place a limit order on TermMAX waiting for a match, and even if they don't receive a match, they can earn interest on Morpho, Once matched, seamless switching, money never sleeps. So, this is a complete income map for deposit users: Previously, TermMax was a system where money was kept for a fixed period, but before it was borrowed, it was idle and there was no profit during the idle period; Now, after cooperating with Morpho, we will first help users take out short-term loans to earn some extra income, and then switch to fixed and floating income when the official regular period begins. We can have both fish and bear's paw. Fully utilize funds. Finally, from the perspectives of TermMAX and Morpho, what are their respective benefits? For TermMAX, There is an opportunity for users to earn more money and have a better user experience, which will also bring more TVL. More importantly, this strengthens TermMAX's infrastructure position in the "fixed rate lending" layer of DeFi. For Morpho, There is an opportunity to bring "high-quality stable funds" and deeper liquidity, as TermMAX users are more likely to pursue "certainty". With TermMAX, morpho does not need to develop a fixed rate layer on its own, but focuses on optimizing floating rates. The collaboration between the two is: The complementary cooperation of fixed rate and floating rate, like the combination of "demand bank" (Morpho) and "term bond" (TermMAX) in traditional banks.