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The on-chain world is repeating the path taken by traditional finance.
From disordered markets to interest rate markets and then to derivatives markets.
@TermMaxFi is positioned exactly at the starting point of the second phase.
Once fixed interest rates become infrastructure, lending, leverage, and derivatives will all be built on top of it.
This is not a track; this is the underlying structure.
Whoever controls interest rates, controls finance.
@wallchain @TermMaxFi