The pitfalls of DeFi lending, I've fallen into them

To be honest, I was once very resistant to DeFi lending functions—the feeling of being dominated by interest rate fluctuations and liquidation risks is really torturous.

The most memorable experience was borrowing USDT on a top lending protocol, with an apparent interest rate of only 2.3%. I thought this yield was quite stable, but then the market fluctuated wave after wave, and the entire liquidation pressure suddenly mounted. The anxiety at that moment... from then on, I was completely disappointed with DeFi lending functions.

But recently, I came across the project TermMaxFi, and it seems they are rethinking the logic of DeFi lending—from a more stable perspective, trying to design those risky and frightening aspects more reasonably. This approach is quite interesting.