What DeFi truly lacks is not more products, but a consensus layer that everyone can understand and use together.

In traditional finance, interest rates are this consensus layer. They are not only the price of capital but also the collective judgment of the market on risk, time, and liquidity.
All kinds of assets and strategies are compared and priced based on the same interest rate benchmark.
Currently, in DeFi, interest rates are still fragmented: different protocols, different liquidity pools operate independently, lacking a unified reference, and the entire market resembles a patchwork of modules.
TermMaxFi @TermMaxFi makes interest rates comparable and referenceable through fixed rates and clear terms.
It makes the cost of capital over different periods transparent, gradually turning interest rates from a local phenomenon into a cross-protocol, cross-asset benchmark.
This change will bring:
• Strategy alignment: no longer just compare absolute returns, but compare "excess returns over the relative interest rate";
• Risk transparency: high yields correspond to high risk premiums, clear at a glance;
• Unified language: everyone discusses value using the same framework, greatly reducing communication costs.
When interest rates become a true consensus layer, the market efficiency of DeFi will be significantly improved.
More importantly, only by establishing a solid consensus foundation can more complex and mature financial products develop stably on top of it.
TermMaxFi @TermMaxFi is driving this crucial step for DeFi to move from a "trading collection" to a "systematic market."
#TMX $TMX @TermMaxFi