TermMax (Closed)
With the TermMax Private Credit Vault, you can earn ~18%–27% APY on USDC while gaining exposure to the upside of a promising DeFi protocol — all through Neutral Trade’s first private credit product.
Why This Deal Matters for Stablecoin Holders
Still parking USDC in a lending protocol earning 3–4%? Or worse, letting it sit idle in your wallet?
This vault offers a smarter way to earn:
~18% APY on your USDC over ~4 months
Bonus upside through $TMX token exposure
TGE unlocks before VCs — you get in earlier
Short-term lock — funds are deployed and returned by mid-October 2025
Think of it as VC-style exposure with lower downside and passive returns — a rare combination in DeFi.
About TermMax Finance
TermMax is a fixed-rate, fixed-maturity lending AMM protocol designed for professional traders and market makers in DeFi.
Key Features
Custom Rate Curves: Makers post dynamic lending rates (forward curve style), improving capital efficiency.
ERC-4626 Vaults & One-Click Leverage: Power users can scale positions instantly, while passive users benefit from strategy-managed vaults.
Backed by Tier-One Investors
TermMax is built by the team behind TermStructureFi, which recently raised $4.45M from top funds including:
@Cumberland
@HashKey_Capital
And other leading DeFi investors
Deal Structure: Where the Yield Comes From
Here’s how the ~18% APY is constructed:
Base Yield
~4%
From USDC vault on TermMax (variable, daily accrual)
TMX Airdrops
~6%
Daily incentives, unlocked at TGE, no vesting
Yield Backstop
~8%
TermMax tops up any shortfall to reach 18% total APY (in TMX)
Extra Rewards for Larger Depositors
Additional 6–9% APY in bonus $TMX for larger allocations
No cliff, linear vest over 6 months
Rewards claimed and managed on your behalf
TGE expected Q3–Q4 2025
Campaign Timeline (Step-by-Step)
Now → Day 7: Deposit window open
Day 8: Vault goes live, funds bridged to Ethereum
Month 4: Capital unlock + unwind phase begins
Post-TGE: $TMX token rewards distributed in USDC equivalent (pro-rata)
Timeline Summary
Deposit Window
Now → Day 7
Vault Activation
Day 8
Maturity & Withdrawal
Month 4 (October 2025)
TMX Distribution
After TGE (Q3–Q4 2025 expected)
Risks to Know
Smart Contract Risk: TermMax contracts audited by Spearbit x Cantina
Yield Variability: Base APY + token rewards may fluctuate with market conditions
TGE Timing: Target is Q3–Q4 2025, subject to market shifts
Withdrawal Timing: Capital is actively deployed; unwinding may require time and coordination
TMX Token Valuation (Estimate)
Target FDV: $60M
Estimated Token Price: $0.06
Vault participants get exposure before VCs unlock
Performance Fee
We charge a 20% performance fee, but only on profits.
No upfront fees
Principal never touched
Fee is calculated on net gain
Deducted automatically at withdrawal
If you don’t earn, we don’t earn. Incentives are fully aligned.
Summary
APY
18%–27% (USDC + TMX exposure)
Lockup
~4 months
Token Exposure
$TMX airdrops + bonus pool
TGE
Expected Q3–Q4 2025
Risks
Smart contracts, token price, withdrawal coordination
Performance Fee
20% on profit only
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