Brothers, remember to check in to TermMax every day. Although they all say TEG is coming soon, I don't think it's that fast. I estimate the earliest will be around May or June Recently, approximately $27 billion worth of assets have been put on the RWA track, but there are not many structures that can truly price risk and return clearly. @After TermMaxFi was launched on the BNB Chain Alpha market, I feel that the financial structure of DeFi is starting to show some new contours. What many people first see is its trading experience, such as no forced liquidation and the ability to go long or short with just one click. The operation is indeed simple. But if you look closely at the order book, you will find that the market is pricing the volatility of assets in real time. For targets like BASE, QQQon, MSTRon, EDGE, every call or put transaction essentially forms an implied volatility curve. In the past, DeFi's interest rates and risks were mostly calculated by models, but now more funds are directly involved in pricing. What's even more interesting is that TermMax itself has two sets of time structures operating simultaneously. On one hand, there is fixed rate borrowing, where funds need to be repaid both principal and interest upon maturity; On the other side is the volatility position in the Alpha market, which also settles returns at maturity. When two types of funding requirements occur simultaneously, the system buffers redemption pressure through option premiums, effectively providing liquidity for high volatility traders to ensure stable returns. That's also why they offer high XP for Vault deposits, essentially to quickly establish liquidity and accelerate the formation of on chain risk pricing curves. In the long run, @ TermMaxFi may not only be a lending agreement, but also an attempt to build a new on chain interest rate and time market where returns, risks, and maturities can all be traded. TermMaxFi