After observing @TermMaxFi for a period of time, you'll realize that it is not a single lending protocol, but more like an interest rate infrastructure.

It introduces a model similar to zero-coupon bonds, splitting lending into contracts with explicit terms, where returns and repayments are strictly defined over time.
This structure marks the first time an approximation of a yield curve has appeared on-chain.
The significance of this is that DeFi is beginning to have its own interest rate system.
No longer just following market fluctuations, but capable of being constructed, traded, and combined.
When interest rates become a design variable, finance truly begins to evolve.
@wallchain @TermMaxFi @3look_io