TermMaxFi @TermMaxFi makes me even more convinced: DeFi to attract long-term capital, high yields alone are not enough.

Long-term funds value the stability of returns and costs the most. Short-term capital chases volatility, while long-term capital needs more predictability. They care about:
• Can the strategy operate stably over the long term?
• Are the risks quantifiable?
• Will the cost of capital suddenly change?
Under traditional floating interest rates, financing costs fluctuate with the market in real time. Even with a robust strategy, it’s easy to be disrupted by sudden interest rate changes. This is the main obstacle for long-term capital.
TermMaxFi @TermMaxFi uses fixed interest rates + clear terms to establish stable expectations on-chain for the first time for long-term capital. Throughout the cycle, costs are fixed and boundaries are clear, enabling:
• Advance planning of returns and risks
• Confident scaling of allocations
• Building truly long-term strategies (such as compound interest, interest rate spreads, cross-cycle allocations)
Long-term capital is not afraid of risks, but fears uncertainty that cannot be modeled. Fixed interest rates greatly reduce this uncertainty, making on-chain financing closer to traditional debt instruments. As long-term capital continues to flow in, DeFi will shift from short-term sentiment-driven to long-term allocation-driven.
#TermMax #TMX $TMX