CarpenterLabs

In the TermMax system, interest rates are not an abstract annualized figure but are strongly tied to time as a result. @TermMaxFi takes "maturity" as the core pricing variable, directly incorporating the funding period into the protocol structure, thereby ensuring that interest rates no longer depend on sentiment or short-term liquidity fluctuations but are naturally formed by the market across different time dimensions. This design essentially reconstructs a clear term yield curve within DeFi.
Each TermMax market is established with a fixed expiration date, meaning all pricing activities with

The first Web3 summit of the new year will be grandly launched at Cyberport, leading the industry in innovation and new application directions.
On January 5, 2026, the Global Web3 Ecosystem Innovation and Application Summit, jointly hosted by CoinQ and Mega Matrix Inc. (NYSE American: MPU), will be held at Cyberport in Hong Kong. As the first Web3 industry summit of the new year, this event will gather Web3 startups and technology companies, investors, traditional tech and financial institutions to jointly explore how Hong Kong can empower the future of the global digital economy under the Web

The first Web3 summit of the new year will be grandly launched at Cyberport, leading the industry in innovation and new application directions.
On January 5, 2026, the Global Web3 Ecosystem Innovation and Application Summit, jointly hosted by CoinQ and Mega Matrix Inc. (NYSE American: MPU), will be held at Cyberport in Hong Kong. As the first Web3 industry summit of the new year, this event will gather Web3 startups and technology companies, investors, traditional tech and financial institutions to jointly explore how Hong Kong can empower the future of the global digital economy under the Web

First of all, I really want to thank HTX. Today, I received the 2025 year-end trophy. This is not only a result of my personal efforts but also a reflection of everyone's help and support. Every small progress is inseparable from everyone's encouragement and companionship.
In 2026, I will continue to work hard and strive to do better! Thank you for your recognition. I will keep pushing forward!
Thanks to Sun Ge for HTX @justinsuntron @HTX_Global
Thanks to Liu Ye @HTX_Molly
Thanks to Dao Dao @daodao333
Thanks to Andy Ge @xiaojiucai_andy
And many, many friends.
Salute🫡 Haha, my HTX trop

First of all, I really want to thank you. Today, I received the 2025 year-end trophy. This is not only a result of my personal efforts but also the outcome of everyone’s help and support. Every small progress is inseparable from everyone’s encouragement and companionship.
In 2026, I will continue to work hard and strive to do better! Thank you for your recognition. I will keep pushing forward!
Thanks to Brother Sun @justinsuntron @_Global
Thanks to Uncle Liu @_Molly
Thanks to Dao Knife @daodao333
Thanks to Brother Andy @xiaojiucai_andy
And many, many friends.
Salute🫡 Haha, my trophy.

First of all, I really want to thank HTX. Today, I received this trophy for the 2025 year-end. This is not only the result of my personal efforts but also the outcome of everyone helping and supporting me. Every small step forward wouldn't be possible without everyone's encouragement and companionship.
In 2026, I will continue to work hard and strive to do better! Thank you for your recognition. I will keep pushing forward!
Thanks to Sun Ge from HTX @justinsuntron @HTX_Global
Thanks to Liu Ye @HTX_Molly
Thanks to Dao Dao @daodao333
Thanks to Andy
And many, many friends.
Salute🫡 Haha,

The core asset splitting logic of TermMax: Why FT / XT / GT
In the design of TermMax, asset splitting is not intended to increase complexity but to address a fundamental long-standing issue in DeFi: funds with different risk preferences are forcibly placed into the same yield pool. @TermMaxFi chooses to structurally reconstruct the funding relationships. When users participate in the protocol, assets are no longer just "depositing or lending," but are broken down into various token forms with clear financial attributes, allowing yields, risks, and time to be independently priced.
The existence

The core asset splitting logic of TermMax: Why FT / XT / GT
In the design of TermMax, asset splitting is not intended to increase complexity but to address a fundamental long-standing issue in DeFi: funds with different risk preferences are forcibly placed into the same yield pool. @TermMaxFi chooses to structurally reconstruct the funding relationships. When users participate in the protocol, assets are no longer just "depositing or lending," but are broken down into various token forms with clear financial attributes, allowing yields, risks, and time to be independently priced.
The existence

To truly understand TermMax, one must start from its overall protocol structure rather than remain at the level of a single product or operation. @TermMaxFi does not adopt the traditional DeFi design approach of "a single pool supporting all needs," but instead builds a system centered around maturity, interest rates, and risk stratification, which more closely resembles the operation of real financial markets. In TermMax, maturity is not an auxiliary condition but the core variable of the entire protocol. Each market is associated with a clear expiration date from its inception, meaning that

In the DeFi world, most protocols are initially designed to serve only one type of user:
Either high-frequency traders or liquidity providers chasing high yields.
But as the scale of funds gradually expands and participant structures become more complex, this single-perspective design begins to show its limitations. From the very beginning, TermMax has not confined itself to being a "retail protocol" or an "institutional tool."
It is more like attempting a more challenging task:
Using the same financial logic to simultaneously satisfy participants with different fund sizes and risk preferences

After reading @Websea_CN's annual report, 2025 is considered officially wrapped up. 📝 The entire year's operational logic is embedded in the data, with the title in hand, and the goal halfway achieved.
🏆For 2026, there are no other ambitions, only the hope that everyone can continue to evolve and make a beautiful comeback! 📈 Brothers who haven't done the review yet, go to the App homepage and see how your 2025 results turned out.
Hope everyone can support the Websea platform more, and give us a follow!
#Websea @Webseaintern @webseaofficial

From Floating Interest Rates to Fixed Income: The Changing Landscape of DeFi Lending
Early DeFi lending protocols essentially addressed a very straightforward problem: how to efficiently mobilize funds without intermediaries.
Therefore, floating interest rates became the most natural choice—they can quickly reflect supply and demand changes and facilitate automatic adjustments under different market conditions.
However, as DeFi continues to grow, this design centered on “instant efficiency” has begun to reveal structural limitations.
While flexible, floating interest rates almost entirel

From Floating Interest Rates to Fixed Income: The Changing Landscape of DeFi Lending
Early DeFi lending protocols essentially addressed a very straightforward problem: how to efficiently mobilize funds without intermediaries.
Therefore, floating interest rates became the most natural choice—they can quickly reflect supply and demand changes and facilitate automatic adjustments under different market conditions.
However, as DeFi continues to grow, this design centered on “instant efficiency” has begun to reveal structural limitations.
While flexible, floating interest rates almost entirel