2026-01-10 19:29:20

The market reshuffle in 2025 is indeed accelerating the optimization of the DeFi ecosystem. Recently, I noticed that the capabilities of fixed interest rate lending protocols like TermMax are continuously expanding—now they support using derivatives like PT-DETH as collateral to borrow WETH, which means the toolchain is becoming more flexible.

From Gauntlet's year-end summary, it can also be seen that market recognition of these types of protocols is increasing. Interestingly, the subsequent plans seem to be brewing more possibilities—building yield mechanisms directly at the stock asset level, likely following the route of covered or structured products. If this step is realized, the application scope of DeFi will further break through the boundaries of traditional crypto assets.

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StablecoinEnjoyer

· 23h ago

TermMax supports PT-DETH as collateral, which is indeed powerful, and the network flexibility has improved significantly. DeFi is really moving closer to traditional finance, and this move is the right one. Feels like fixed interest rates are the real king, as floating rate strategies are too many. What about the earnings mechanism at the stock level? That depends on whether it can truly be implemented later; don’t just talk without action. Gauntlet’s endorsement is still convincing; institutional recognition has increased. This market reshuffle, to put it simply, is about filtering out protocols that can truly survive. Collateralized products on the chain? That’s interesting. But speaking of which, RWA has been playing this game for a while; is DeFi playing catch-up now?

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MidnightGenesis

· 01-10 19:58

On-chain data shows that the PT-DETH staking pool of TermMax experienced an abnormal increase in contract call frequency over the past 72 hours. The interesting part is that the arbitrage opportunities created by using derivatives as collateral are being rapidly filled... As expected.

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SadMoneyMeow

· 01-10 19:57

TermMax's move is really aggressive, using derivatives as collateral to borrow WETH? The competition on the chain is getting fiercer. I'm actually interested in seeing how stock assets will be played, but to be honest, whether these directions are reliable still depends on whether they can truly be implemented later. Gauntlet has come out to endorse it, and this lineup definitely has some substance. Breaking the boundaries of DeFi sounds good, but we all know — only a few people will truly make money. If this round of reshuffling really brings traditional assets into the mix, the gameplay will become even more complex.

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LiquidityWitch

· 01-10 19:55

TermMax's collateral chain is really getting complicated, PT-DETH paired with WETH... keep a close eye on this move. The profit mechanism at the stock level? If this really unfolds, traditional finance won't be able to sleep peacefully. Gauntlet's increased recognition is a positive signal, but could it just be another wave of hype... DeFi is about to break out of the crypto boundaries. While the words sound good, the risk accumulation is not slow either. Fixed interest rates are indeed interesting, but how long can the story of liquidity mining be sustained?

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GasFeeNightmare

· 01-10 19:50

PT-DETH borrows WETH against collateral? I calculated the gas fees for this chain link late at night and feel like half of the profit will be eaten up by miner tips again.

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SeasonedInvestor

· 01-10 19:39

Fixed interest rates are indeed a hot topic. The idea of using derivatives as collateral for TermMax is quite innovative, but I'm worried about risk accumulation. If DeFi really wants to cross into the stock market realm, it has to take it step by step. Don't create another collapse. PT-DETH as collateral? It seems to raise the entry barrier for players again. Wait, the income mechanism of stock assets? Isn't this just copying the traditional financial model? What's the difference... The recent expansion of TermMax indeed makes the toolchain more flexible, but whether liquidity can keep up is the real key. Don't be fooled by the hype of "reshuffling." It still feels like speculation on concepts; real implementation is the hard truth.

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