# Xlayer

Everyone says throwing xBTC into XLayer is just to save a few cents on Gas fees, but I think DeFi is thinking too shallow.
@TermMaxFi's gameplay on L2 is actually much deeper; they are truly establishing risk pricing power.
XLayer liquidity is thin, and a slight price fluctuation can easily cause big issues. You deposit xBTC and lock in a fixed interest rate on TermMax, gaining not just cheap funds but also a sense of security from liquidation, turning unpredictable volatility in L2 into a fixed number, settling the risk in advance.
They place the Jumper-driven Swap button in the most prominen