【TermMax: The On-Chain Fixed Interest Rate Revolution】
▋Last year, a friend of mine was complaining
He collateralized 500,000 worth of Ethereum on a DeFi platform and borrowed 200,000 to do business
At that time, the borrowing rate was 8% annualized, so the interest for a year was 16,000, which was acceptable
But two months later, the market fluctuated, and the rate skyrocketed to 18%
The annual interest became 36,000, more than doubling
He said it felt like renting a storefront, and the landlord suddenly told him the rent was going up—take it or leave it
This is the most headache-inducing par
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