Why do many people still not realize that fixed income will be the next core of DeFi?

Because over the past few years, the entire industry has been spoiled by high volatility.
People are used to rapid surges and crashes, used to high APYs, and even think that stable returns lack imagination.
But real large funds never make money based on emotions.
@TermMaxFi has an interesting point: it is starting to recombine fixed interest rates, term structures, and on-chain lending.
This means users can understand their funding costs more clearly for the first time, rather than constantly watching utilization rates and lending fluctuations.
Many people think this model isn't sexy enough, but reality is harsh: truly long-term financial systems are built on certainty.
Especially now, as more and more institutions begin to research on-chain fixed income, the market will eventually realize that DeFi's biggest missing element has never been leverage, but stable expectations.
And this, perhaps, is the real danger for TermMax.
@wallchain @TermMaxFi @River4fun @RiverdotInc