Many people believe that the next phase of DeFi is more assets entering the blockchain, but I think the truly important question is whether on-chain finance has a complete yield curve.

In the past, the market focused more on lending and trading, but lacked mature interest rate discovery mechanisms.
Without stable income tools, it is difficult for funds to plan long-term, and the entire financial system also struggles to form a richer asset structure.
@TermMaxFi's direction is precisely to supplement this foundational layer.
It designs interest rate protocols that allow users to explore fixed income, yield management, and structured financial products, enabling on-chain capital to have a toolset closer to traditional financial markets.
Currently, TermMax has launched related protocol components and continues to build around the on-chain interest rate market, allowing developers and users to participate in new financial scenario explorations.
I have always believed that the core of financial innovation is not to create more complex products, but to lower the barriers to using professional financial tools.
What TermMax aims to do is essentially to reconstruct the interest rate market logic from traditional finance into an open network.
In the future, as more assets enter the blockchain, the importance of interest rate infrastructure will become increasingly evident.
@wallchain @TermMaxFi