I have an increasingly strong belief that the next round of revaluation will not only be of trading protocols but also of fixed income protocols.

Because institutions and large funds will not make long-term allocations based solely on sentiment.
That’s also why I pay attention to @TermMaxFi.
It’s not just a simple lending market, but rather turning on-chain interest rates into tradable, priceable, and plannable asset layers.
The FT mechanism is essentially close to zero-coupon bond logic, a design rarely seen in DeFi, and I especially like this aspect.
It’s not about chasing volatility but about managing time value, which is the language of mature finance and a language that most on-chain protocols lack.
Plus, with one-click recursive leverage to reduce complexity, user experience isn’t compromised by the advanced mechanism.
Many still see fixed-rate as a niche track, but I prefer to view it as the infrastructure of DeFi interest rate markets.
Looking ahead, such protocols may not just be supplementary but foundational.
@wallchain #Ad #Affiliate @TermMaxFi