Every DeFi protocol needs a hype squad, and TermMax recruited an interesting mix. Start with Cumberland, this isn't some random VC that showed up with a check and a Notion doc. Cumberland is the crypto trading arm that gives financial institutions and high‑net‑worth individuals access to the crypto asset space — basically the Wall Street trading desk of crypto, owned by DRW, one of the oldest quant trading firms around. When a market‑making giant backs a fixed‑rate lending protocol, that's less "we believe in the vision" and more "we want front‑row access to trade against your order book." Like a poker dealer investing in the casino.
Then there's HashKey Capital, the "boutique" one — except boutique here means they manage serious institutional money. HashKey Capital's flagship portfolio includes names like Polkadot, Optimism, dYdX, Pendle, and Berachain — so they've literally already bet on Pendle, TermMax's biggest fixed‑rate‑yield rival, and now they're backing TermMax too. Which is a bit like a talent agent signing two rival boy bands and hoping nobody notices they're at the same audition.
HashKey's not some scrappy fund either. It's the asset management and investment arm of HashKey Group, a Hong Kong digital‑asset conglomerate that serves institutional investors, family offices, and high‑net‑worth individuals, and they just closed the first round of a new fund targeting $500 million. That's not lunch money.
DecimaFund and MZ Cryptos are the smaller, earlier‑stage crew — the kind of funds that show up at seed rounds betting on teams before anyone's heard of them, the crypto equivalent of that one friend who bought a lottery ticket for every startup at the local pitch night and occasionally hits.
"TermMax has celebrity endorsements" and more "the trading firms most likely to actually use this protocol have skin in the game" — which is a real signal, but not a risk‑free one. Backers benefit whether the protocol thrives long‑term or just pumps hard enough for them to exit. #termmax @TermMax
Been waiting for a revamp and the team delivered, let's see how the current rules will work. Let me share my own experience from the day I started participating in the Creatorpad campaigns it was around last year September or October, the number of participants was low and the rewards for the top 100 was crazy, almost every project at that time delivered above $100.
I was participating but due to lack of knowledge I was never ranked in the top 100, I questioned myself many times what I was doing wrong but unfortunately couldn't get the answer.
I had to reach out to the creators who were doing well on the leaderboard and try to get some tips from them and it worked.
It was not easy because my local time and Chinese local time are not the same so I had to wake up very early to join their AMAs and ask questions mind you I don't understand Chinese but thanks to the translate feature on the livestream I understood everything that was discussed in the live sessions.
What I learnt that helped me climb the leaderboard was doing thorough research on the campaign project and ensure your content doesn't have any AI touch, so this means you have to read, understand then post what you've understood about the project and it was very easy even though it is time consuming.
Seeing creators now manipulating the system by farming likes and comments really hurts me because I usually take time to compose one post then it gets less points because it doesn't have many comments and likes compared to the ones who are farming engagement.
Hope this changes will eradicate all the rogue creators. My opinion to the Square team is bring back the Creatorpad we all enjoyed starting from amazing rewards, fair competition and more AMAs with project CEOs and their team to explain more about their projects.
Real conversation is what makes Binance Square worth being part of.
- Posting a high volume of repetitive, templated, AI-generated, or empty comments, far more than a normal user would, goes against our rules. In serious cases it can lead to losing monetization eligibility and being muted. - The same goes for accounts that keep trading templated replies to fake engagement for points or rewards. It hurts your account health and reach, and serious cases can also lose monetization eligibility.
Based on the above, and since many of you have shared feedback about CreatorPad, we reviewed the award winners of the BABY CreatorPad. Here's what we found:
- 27 accounts were commenting at rates far beyond normal interaction. Their reward eligibility has been revoked, they've been flagged as a violation. - 265 accounts were part of reciprocal spamming. They've been warned, and it's been noted on the account.
Binance Square is about real community interaction. We've added detection for meaningless comment spam, small-circle reciprocal commenting, and repeatedly asking others to leave comments. From this announcement on, it applies to all features and campaigns going forward, including the current CreatorPad campaigns. Anyone whose behavior falls into these patterns might lose reward eligibility.
Thank you to everyone who keeps creating with care. Let's keep the community fair, together.
We'd also like to hear from you. Drop your thoughts on CreatorPad and Binance Square in the comments — we'll pick 3 commenters to receive a reward red packet. Your honest feedback helps us make this better.
Imagine DeFi fixed-rate lending as a college dorm full of roommates who all hate variable rent. Somebody had to invent a way to lock in the price of borrowing money on-chain, and a few different teams showed up with wildly different blueprints.
Pendle went first and basically said: "what if we just... split the yield off the asset like peeling a mango?" You get a principal token and a yield token, trade them separately, and the discount on the principal token quietly encodes a fixed rate. It's elegant, and it's the heavyweight of this category by TVL — but you're not really borrowing and lending in the traditional sense, you're trading a derivative that behaves like one. Notional took the traditional-finance route instead, building actual zero-coupon bonds on an AMM with a variable-rate safety net so things don't seize up when liquidity gets thin. Very bond-desk energy, the tradeoff is that big trades can move the pool price against you, the classic AMM slippage tax.
@TermMax is the one that keeps changing its mind — in a good way. It started as an order-book-and-auction system, the kind of thing where you'd submit a bid and wait, sometimes literally days, to find out if you got filled, imagine bidding on a used car through the mail and waiting a week for a letter back. So it rebuilt itself as an AMM, shrinking "lock in a rate" down to about a minute of clicking. What sets it apart from Pendle and Notional: real market-maker "Curators" actively set the pricing curves themselves, more like bond traders quoting spreads than an algorithm doing its own math — pricing feels less like a vending machine and more like someone's actually setting the odds. The catch: AMM designs guarantee you get filled but can slip against you on big trades, while TermMax's order-matching gives tighter pricing when there's depth — but if nobody wants the other side of your trade, it just doesn't happen, like showing up to trade Pokémon cards and finding nobody wants your Charmander today. #termmax