If you are still using Aave's floating rate for leverage, you are essentially running naked.

Because your counterparties are not only the market price but also the borrowing costs that could explode at any time.

@TermMaxFi's perspective is even harsher: since volatility is inevitable, why not simply 'solidify' the costs? Its fixed-rate tokenization mechanism essentially turns debt into a tradable commodity.

This means your lending position is no longer a rigid number, but a living, transferable position.

In the latter part of a bull market, those who can control the 'friction costs' of capital will be the ultimate winners.

#TermMax gives veterans a weapon to strike down newcomers: while others are still tangled in whether tomorrow's rate is 10% or 50%, you have already pre-purchased peace for the next six months.

This is not just wealth management; it is a policy bought in advance to increase the probability of victory on an uncertain battlefield.