Why has DeFi been developing for so long, yet interest rates are becoming increasingly uncertain?

When I looked at @TermMaxFi, I felt like it was addressing a long-overlooked problem.
Most lending protocols use floating interest rates, which seem market-driven, but are actually extremely unfriendly to users.
Today you borrow at 5%, but tomorrow it could become 20%, and the risk doesn't come from the asset itself but from the interest rate.
What TermMax is doing is actually quite traditional—making lending into a structure with a fixed term and fixed interest rate, more like the bond market.
It sounds not new, but on-chain, it’s actually rare.
The controversy is also straightforward: does this model sacrifice flexibility? Because once the interest rate is locked in, opportunities brought by market fluctuations are also locked out.
But from another perspective, most users don’t really need opportunities; they need certainty.
So the question isn’t whether it’s right or wrong, but whether DeFi is serving traders or ordinary fund users.
@wallchain #Ad #Affiliate @TermMaxFi