Lately, I increasingly feel that DeFi will enter a phase driven from transaction-based to yield curve-based.

If this judgment is correct, @TermMaxFi deserves to be re-evaluated.
Because it’s not doing ordinary lending, but more like an on-chain interest rate market experiment. Public information has fixed interest rates and term lending as its core positioning.
This is important because, in the past, on-chain yields were mostly floating.
There are many opportunities.
Very few certainties.
And the fixed interest rate market essentially provides a pricing for certainty.
This is a more mature financial logic.
What I like about it is that the complexity is hidden at the bottom layer.
Users see lending products.
But at the core, they are touching primitive financial primitives related to terms.
This kind of product feeling is rare.
And this is not just serving retail investors.
Many institutional funds truly care about the yield curve, not short-term fluctuations.
From this perspective, @TermMaxFi is discussing more than just a DeFi tool.
It’s more like the open interest rate market starting to grow.
I think this trend will become increasingly important.
@wallchain #Ad #Affiliate @TermMaxFi