TermMax
TMXDecentralized fixed-rate lending protocol
Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$0Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $0 | -- | -- | -- |
| Oct 2026 | $79.3 | -- | -- | -- |
| Sep 2026 | $7.37K | -- | -- | -- |
| Aug 2026 | $3.85K | -- | -- | -- |
| Jul 2026 | $16.69K | -- | -- | -- |
| Jun 2026 | $11.35K | -- | -- | -- |
Comparison
Tokenomics
Unlock Progress
TermMax's TMX is used for the fixed-rate lending protocol's governance, staking (sTMX), and ecosystem incentives. Total supply is 1B, fixed cap.
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| No Data | ||||
Follow Updates
Follow Lists
People
About TermMax
TermMax is a fixed-rate lending protocol deployed on Ethereum, Arbitrum, Base, BNB Chain and other EVM networks, aimed at traders and institutions that need to lock in funding cost or yield. It splits a debt position into a zero-coupon-style FT, a residual-risk XT and an ERC-721 GT representing the leveraged position, quotes rates through a modified concentrated-liquidity AMM placed as range orders, and lets idle capital earn in ERC-4626 vaults or variable-rate markets; liquidation settles by physical delivery, with collateral handed directly to lenders, while an FT and an XT can be recombined into a single debt receipt, letting the fixed and floating legs be priced and transferred separately.
Its product line therefore has three layers: isolated fixed-rate markets, strategy vaults run by curators such as Keyrock and Edge Capital, and TermPrime on Canton Network for permissioned counterparties. Against utilisation-based lending pools, price discovery happens in a combination of dated orders and curves, the same liquidity can be listed across several markets and is deducted across them within a single transaction. Deposits stand near 91 million dollars with more than 1.5 million registered wallets.
The Term Structure fixed income agreement has officially launched on the mainnet, marking the start of decentralized fixed-rate lending AMM operations.
TermMax plans its TGE on August 25, advancing the project into the token economy phase.
TGE and listings: The token generated on August 25 with Binance Alpha first, followed by KuCoin and MEXC at 10:00 UTC the same day; supply is fixed at 1 billion with about 152.8 million, or 15%, circulating, and volume topped $33 million in the first 48 hours.
Fundamentals and unlock: TVL is about $91 million with over 1.5 million registered wallets and more than 90,000 daily active users; YZi Labs invested on August 27, lifting total funding past $8 million, while team and investor allocations carry 12-month cliffs followed by 24 to 30 months of linear vesting.
In January 2026 TermMax integrated Ondo Global Markets to launch the first fixed-rate borrowing market accepting tokenized US equities as collateral, later adding Binance bStock support.
On 25 August 2026 the TMX token completed its generation event and listed on Binance Alpha and KuCoin the same day. A day later the team announced a strategic investment from YZi Labs and selection into its EASY Residency Season 3, bringing total funding above 8 million dollars. In August the protocol went live on Robinhood Chain, where QQQ, SPY and NVDA can be posted against USDG. Its institutional arm TermPrime completed its first live trade on Canton Network in late June and has grown to nine counterparties. TermMax now runs on 10 EVM chains with 60 fixed-rate markets, 40 strategy vaults and roughly 91 million dollars in TVL.
Future strategy and roadmap: TermMax plans to ship TermMax Alpha, offering physical-delivery options with no liquidation before expiry, extending its onchain yield curve and structured products into tokenized equities while widening the Canton institutional lending network.
Jerry Li — Co-founder & CEO; spent about 25 years at Deutsche Bank as Managing Director and Head of Global Emerging Markets for Greater China, holds master's degrees in mechanical and financial engineering from Cornell, founded Term Structure Labs in 2022.
Vincent Li — Co-founder & CTO; serial entrepreneur, former co-founder and CTO of Termsoup.com and co-founder and GM of Enlightouch, Fulbright scholar with a master's in political science from the University of Kansas.
TermMax's Alpha Market charges a 7% transaction fee on option premium for both opening and closing trades.
TermMax's exercise fee is levied on notional value at 1.9% on day one and decays linearly with the remaining term, so a 16-day option closed on day 10 pays 1.9% × 4/16.
TermMax takes a 10% platform commission on option financing interest.