Traditional finance has developed over hundreds of years, forming a complete market structure for stocks, bonds, interest rates, and more, while Web3 is still exploring its own financial infrastructure.

One of the biggest gaps is the development of on-chain interest rate markets.
Without a mature interest rate system, capital has difficulty with long-term pricing and supporting more complex financial innovations.
@TermMaxFi is focused precisely on this direction.
Through the design of on-chain fixed income and interest rate products, it aims to establish a more transparent and efficient yield market, allowing users to utilize richer financial tools in a decentralized environment.
Currently, TermMax has advanced product development and ecosystem building, exploring how to combine traditional financial interest rate logic with the openness of blockchain.
I personally believe that in the future, the core competitiveness of DeFi will increasingly lean toward infrastructure capabilities rather than short-term yield competition.
If lending protocols have opened the door to on-chain finance, then interest rate protocols may be building the next layer of market structure.
@wallchain @TermMaxFi