Credit · Fixed Income · TMX
TermMax issues fixed-rate, fixed-maturity credit through paired Fixed Tokens and eXtra Tokens, with a Gearing Token representing the leveraged borrower side, so both lenders and borrowers lock a rate to a date. The design is reviewed independently in Statemind's survey of fixed-rate DeFi designs. DefiLlama classifies it as Lending with $26,293,799 borrowed (DefiLlama API, 26 Jul 2026).
Fixed-rate, fixed-maturity credit with built-in leverage tokens.
Protocol TVL
Latest data
Coins under TermMax
Member products
On-chain + off-chain aggregates across member coins
Protocol TVLDeFi Llama
$34.5M
Fees · 24hDeFi Llama
$10
Revenue · 24hDeFi Llama
$10
Protocol TVL · 30ddefillama
Consistent cross-network snapshot · synced 5h ago
Price
Token market (secondary)
TVL by chain
TermMax issues fixed-rate, fixed-maturity credit through paired Fixed Tokens and eXtra Tokens, with a Gearing Token representing the leveraged borrower side, so both lenders and borrowers lock a rate to a date. The design is reviewed independently in Statemind's survey of fixed-rate DeFi designs. DefiLlama classifies it as Lending with $26,293,799 borrowed (DefiLlama API, 26 Jul 2026). It combines a fixed-rate order market with a built-in leverage token in the same instrument set, which most fixed-rate venues keep separate. TVL $34.51m; notional borrowed $26,293,799 of which Ethereum $26,051,103 and Binance $239,858, as of 26 July 2026 (DefiLlama API). Active markets and maturities: `n.a.` Implied fixed APY range: `n.a.` Curators named in the DefiLlama record include Keyrock, Hardcoded Lab, Edge Capital, AlphaPing and Origami Crypto (DefiLlama API).
