Domingo_gou｜买美股上WEEX(@Domingo_gou):Four months after @TermMaxFi added $KAITO as Base collateral for fixed-rate USDC borrowing, the launch is no longer the interesting part. The useful question now is whether it brought in new borrowers, or simply gave existing users another asset to borrow against. Borrow volume alone can’t tell us. The clean read would come from wallet behaviour: first-time TermMax borrowers, overlap with Kaito-native wallets, and what happened after repayment. Did they borrow again, or move into Lend, Vault or Alpha? I couldn’t find public wallet-level data that answers any of that. So the honest call is simple: KAITO’s access is confirmed; its user-acquisition impact isn’t. That doesn’t mark the market as a failure. It leaves the growth claim unproven. Collateral adds choice. Repeat borrowers add growth. Until the second shows up in the data, I’d treat KAITO as an open door, not proof that a new crowd walked through it.

2026.07.25 10:00

Four months after @TermMaxFi added $KAITO as Base collateral for fixed-rate USDC borrowing, the launch is no longer the interesting part. The useful question now is whether it brought in new borrowers, or simply gave existing users another asset to borrow against. Borrow volume alone can’t tell us. The clean read would come from wallet behaviour: first-time TermMax borrowers, overlap with Kaito-native wallets, and what happened after repayment. Did they borrow again, or move into Lend, Vault or Alpha? I couldn’t find public wallet-level data that answers any of that. So the honest call is simple: KAITO’s access is confirmed; its user-acquisition impact isn’t. That doesn’t mark the market as a failure. It leaves the growth claim unproven. Collateral adds choice. Repeat borrowers add growth. Until the second shows up in the data, I’d treat KAITO as an open door, not proof that a new crowd walked through it.

Domingo_gou｜买美股上WEEX@Domingo_gou

2026.07.24 11:30

On July 21 @TermMaxFi framed an $SPCX trade in three sentences. below $100 in three days, open a non-liquidatable short on @BNBCHAIN max loss is the premium. That wording shows where TermMax Alpha is heading. Traders get the decision first direction, strike, expiry and cost. The FT/GT mechanics still matter, they just no longer need to lead every post. One detail still deserves a pause. The market page uses $SPCXB. Short means buying a put with USDT. Below the strike, the option can be exercised; above it, the premium is the loss. An early exit needs a counterparty, so thin liquidity can bring slippage or leave the position harder to close. That is the balance @TermMaxFi needs to keep a simple entry, with the full risk easy to verify. Writing less works when users can still find every missing word before they trade.

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