I estimate that TermMax will need TEG in a month or so. Recently, people have been talking about using @ TermMaxFi, as it has become EASY Residency Season 3 under YZi Labs. Stop talking, keep signing in and keep talking. In the past two years, many DeFi protocols have been competing for high APR and excitement, but I increasingly feel that the projects that can truly stay are those that create "certainty". Recently, I have been watching the fixed rate lending programs @ TermMaxFi and @ XLayerOfficial, and the logic is quite clear. Lend in USD ₮ 0, lock in the yield in advance, with a current fixed APY of around 5%. It won't be high today and low tomorrow, and there's no need to keep an eye on interest rate changes every day. One thing I appreciate about it is that it breaks down the risk structure very clearly. A single collateral market, where different assets are independent and supported by blue chip assets such as xBTC, WOKB, and WETH, is not the kind of model where all risks are mixed in one big pool. And the gas of X Layer is very low, so there is no cost pressure for small capital running strategies. The entire experience is more like creating a long-term on chain fixed income tool, rather than simply chasing hot topics. Nowadays, many people are starting to shift their focus from how high their earnings are to whether their earnings can be stable. I think this is also a signal that DeFi is slowly maturing. TermMaxFi