I've always believed that the biggest misconception in DeFi over the past few years is mistaking high volatility for innovation.

Many protocols seem to offer astonishing returns, but underneath, they are just risk transfers.
What recently made me feel differently about @TermMaxFi is that it is starting to move toward genuine financial infrastructure.
Fixed interest rates are very common in traditional finance, but on-chain, they have always been difficult to implement.
Because most DeFi protocols rely on floating pools, and when the market experiences sharp fluctuations, both interest rates and liquidity are affected.
TermMax is now working on locking in borrowing terms and interest rates in advance; this model may not be the hottest, but it is more suitable for long-term capital.
So I actually think that the protocols that will truly survive are not necessarily the ones that hype the most, but those that can keep funds parked long-term.
@wallchain @TermMaxFi @River4fun @RiverdotInc