Stop calling the APY on @TermMaxFi Dual Vaults a protocol subsidy. It’s not yield. It’s an upfront premium paid directly by leverage traders. You are selling them your asset's short-term uncertainty. By depositing USDT or bStocks, you pre-sign an execution contract via your strike price, take profit if it pumps, or buy the dip if it drops. You keep the premium either way. The cost? This isn't flexible savings. Your liquidity is locked to underwrite their trades. If the market aggressively breaches your strike, your assets convert. You absorb the opportunity cost. Passive holding burns time. TermMax lets you price and sell that wait. Just know the rules: you are no longer a passive bag-holder, you are actively managing execution risk.