We're excited to launch Early Deposit Vaults on Ethereum along with TermMax’s soft launch! These vaults offer a unique opportunity to earn lending interest from borrowers and $TMX token rewards.

What Are Early Deposit Vaults?

Early Deposit Vaults allow early supporters to provide liquidity during our soft launch. The funds will fund borrowers and build deep, liquid order books via range orders across multiple markets. 

There are two vaults:

• TermMax USDC Vault: Deposit USDC, earn interest in USDC (from borrowers) + $TMX rewards
• TermMax WETH Vault: Deposit wETH, earn interest in wETH (from borrowers) + $TMX rewards

Key Details:

• Reward Rate: Up to 1 million $TMX for each vault, shared among the depositors who stay till maturity based on the deposit amount
• Criteria: The first $1 million deposit per vault
• Maturity Period: 3 months (July 22, 2025)
• Network: Ethereum 
• Snapshot Date: April 22, 2025

Please note that:

• Reward Calculation: Each $1 USD deposited (up to the first $1M per vault) earns 1 $TMX token. For example, if only $999,000 USDC is deposited in our USDC vault by the snapshot date, that vault will have a reward pool of 999,000 $TMX tokens.
• Reward Distribution: The total reward pool is fixed after the snapshot date. If depositors withdraw early, their share of rewards will be redistributed among remaining participants.
• Deposit Limits: Vaults will continue accepting deposits beyond $1M, but only the first $1M (based on deposit timestamp) will qualify for $TMX rewards.
• Eligibility Requirements: To receive $TMX rewards, you must:

1. Be included in the snapshot (first $1M deposited)
2. Maintain your full deposit until maturity
3. Not transfer any vault shares until maturity

• Token Information: The total supply of $TMX is 1 billion tokens. Full tokenomics details will be announced soon.
• Timeline: $TMX tokens will be distributed after the maturity date (exact timing to be announced).

Get Started Now!

Visit the Earn section on our website to become an early TermMax supporter and secure your position for $TMX rewards.