Heat Rises for TermMax and Renaiss: How to Engage with These Two Projects Incubated by YZi Labs?

Odaily星球日报2026-05-28 tarihinde yayınlandı2026-05-28 tarihinde güncellendi

Özet

The article introduces TermMax and Renaiss, two projects recently gaining attention from the YZi Labs EASY Residency program incubator. It explains how users can potentially participate in them. TermMax is a DeFi protocol offering fixed-rate, fixed-term lending, functioning as a "lending AMM" to provide predictable interest rates. It has launched its V2 version, which improves capital efficiency and liquidity. Users can engage through its "Season 0" event on its V2 platform by connecting a wallet, daily check-ins, and completing tasks (deposit, trading, social) to earn points. Renaiss is a RWA infrastructure project focused on "collectible finance," specifically tokenizing real-world collectible trading cards (like Pokémon) onto the blockchain to enhance their liquidity and enable financial applications. Users can participate by visiting its official website, funding their account, and purchasing card packs (e.g., the OMEGA pack) with varying rarity tiers for a chance to obtain different card grades. Both projects represent specialized approaches within DeFi and RWA, aiming to offer users new avenues for fixed-income lending and investing in tokenized physical collectibles.

Original | Odaily Planet Daily (@OdailyChina)

Author | Asher (@Asher_ 0210)

Earlier this month, YZi Labs announced the 25 graduating projects from the third season of its flagship incubation program EASY Residency (For more details, read: EASY Residency Season 3 Graduation List Released, Which Sectors Has YZi Lab Focused On?). This round focused on directions such as restructuring on-chain financial markets, AI agents, tokenizing real-world assets, prediction markets, and privacy compliance.

Most projects are still in very early stages, with limited public information and relatively sparse community discussion. However, Odaily Planet Daily has observed that two projects in particular have seen a noticeable increase in heat recently: TermMax, which focuses on fixed-rate lending, and Renaiss, which revolves around the financialization of real-world collectible card assets.

Below, Odaily Planet Daily will examine TermMax and Renaiss from the perspectives of project positioning, product mechanisms, and potential engagement opportunities.

TermMax: A New DeFi Solution for Fixed-Rate Lending

Project Introduction

TermMax is a DeFi protocol focused on fixed-rate, fixed-term lending, which can be understood as a "Lending AMM." Compared to floating-rate lending protocols like Aave and Compound, TermMax emphasizes interest rate predictability—borrowers can lock in financing costs before opening a position, and lenders can also determine their yield at maturity in advance.

In terms of product mechanism, TermMax draws inspiration from the AMM concept of Uniswap V3 and tokenizes leverage and fixed-income exposure through Gearing Token and Fixed-rate Token. Users can complete fixed-rate lending, one-click Looping, Range Orders, and custom pricing curves within the platform. Operations such as lending, leveraging, and interest rate trading, which previously required repeated actions across multiple protocols, are now integrated into a single market.

Key Developments

Since its mainnet launch in April 2025, TermMax's TVL recently surpassed $71 million. The project currently supports multiple networks including Ethereum, Arbitrum, BNB Chain, and is expanding to ecosystems like X Layer and Base. Previously, on March 25, 2026, TermMax ranked second on Token Terminal's daily active address leaderboard for DeFi lending protocols, second only to Aave.

Daily Active Address Leaderboard for DeFi Lending Protocols (March 25, 2026)

Furthermore, TermMax is integrating fixed-rate lending with RWA scenarios. In January 2026, TermMax launched a fixed-rate market on BNB Chain supporting Ondo tokenized stocks as collateral, allowing users to access funds without selling their tokenized stock assets. Additionally, TermMax launched a single-asset USD₮0 lending product on X Layer with a fixed APY of up to about 5.07%, and collaborated with Morpho to introduce one-click Rollover, enhancing the flexibility of fixed-term debt.

Last night, TermMax announced on platform X the launch of its V2 version. Compared to V1, the V2 version primarily restructures to address issues like liquidity fragmentation, low idle fund utilization, and insufficient order matching efficiency.

TermMax V2 Version Now Live

Specifically, V2 introduces Composable Base Yield, allowing Vaults to connect to ERC-4626 yield sources like Aave and Morpho, enabling idle funds that are not yet matched to generate base yield; Atomic Order allows the same liquidity to be listed in multiple markets simultaneously but can only be consumed once, thereby improving liquidity utilization; Order Aggregator automatically scans different order types to match users with better interest rate paths.

Additionally, V2 incorporates Smart Unwind and Alpha Zone. The former enhances the exit and fund recycling efficiency of debt positions, while the latter supports the more flexible creation of new markets. Overall, the focus of TermMax V2 is not on adding more complex features, but on making the fixed-rate lending market deeper in liquidity, more efficient in capital use, and simpler for users to operate.

Engagement Opportunities

STEP 1. After entering the V2 version, click "Leaderboard" at the top to jump to the TermMax Season 0 event interface.

STEP 2. Click "Sign In" and connect your Web3 wallet to complete personal account login.

STEP 3. Complete daily check-ins (resets daily at 8 AM) to earn points.

STEP 4. Points are divided into XP tasks (deposit-related), AP tasks (trade-related), and MP tasks (social-related). Complete the corresponding tasks according to the specified requirements to earn the respective point rewards.

Renaiss: Providing On-Chain Liquidity for Real-World Collectible Cards

Project Introduction

Renaiss is an RWA liquidity infrastructure project centered around real-world collectibles, focusing on collectible finance. Compared to common RWA categories like government bonds, stocks, and funds, Renaiss targets the more niche collectibles market, particularly real-world collectible assets such as trading cards and Pokémon cards. To date, Renaiss platform trading volume has exceeded $15 million.

Renaiss aims to address long-standing pain points in the real-world collectibles market, including high costs for physical custody and authenticity verification, opaque price data, fragmented trading liquidity, and difficulty in further financializing assets. The project uses on-chain ownership certificates, third-party custody, and data pricing systems to turn real-world cards and other collectibles into verifiable, tradable, and composable on-chain assets.

Renaiss enables more real-world collectibles to become verifiable, tradable, and usable in DeFi as on-chain assets. For example, once a high-value collectible card undergoes custody and on-chain mapping, it can not only be bought and sold but also has the potential to enter on-chain financial scenarios like staking and lending, ultimately becoming a protocol-layer project for real-world collectibles. This also distinguishes Renaiss from typical NFT projects. It does not reissue a batch of purely on-chain image assets but connects physically existing cards with established offline value and collector demand to the blockchain, allowing collectors to retain ownership of the physical asset while gaining higher liquidity on-chain.

Key Developments

On May 22, announced the launch of the Magma Pack series card packs, with a total of 1,000 packs. The top cards have a maximum value of up to $2,900, and they sold out on the same day.

On May 26, announced the upcoming launch of the Eden Pack series card packs, themed around One Piece. The total number was not disclosed, but it includes over 100 top-grade cards.

Engagement Opportunities

STEP 1. Go to the official website (link: https://www.renaiss.xyz/) and click "Log in" for personal account login.

STEP 2. Click the avatar in the top right corner to deposit funds.

STEP 3. Click on the OMEGA card opening event on the homepage. Each card pack costs $48. There is a 90% chance of opening a C-grade card; a 7% chance for a B-grade card; a 2% chance for an A-grade card; and less than a 1% chance for an S-grade card.

İlgili Sorular

QAccording to the article, what are the two projects incubated by YZi Labs that have seen a significant rise in popularity recently?

AAccording to the article, the two projects are TermMax, a fixed-rate lending protocol, and Renaiss, a platform for the financialization of real-world collectible card assets.

QWhat is the core problem TermMax V2 aims to solve, and what are the key new features introduced?

ATermMax V2 aims to address issues like fragmented liquidity, low utilization of idle funds, and inefficient order matching. Key new features include Composable Base Yield (integrating ERC-4626 yield sources like Aave), Atomic Order (allowing single liquidity to be listed across multiple markets), Order Aggregator (for better rate matching), Smart Unwind (for efficient position exit), and Alpha Zone (for flexible market creation).

QHow does Renaiss differentiate itself from typical NFT projects?

ARenaiss differentiates itself by not minting purely digital art assets. Instead, it focuses on bringing real-world collectible assets (like trading cards) with existing offline value and demand onto the blockchain through custody, verification, and on-chain representation. This allows owners to retain physical ownership while gaining enhanced on-chain liquidity and enabling potential DeFi use cases like staking or lending.

QWhat are the three types of points (and their corresponding tasks) users can earn in TermMax's Season 0 activity?

AIn TermMax's Season 0 activity, users can earn three types of points: XP points from deposit-related tasks, AP points from trading-related tasks, and MP points from social-related tasks.

QWhat specific feature did TermMax launch on BNB Chain in January 2026 to connect fixed-rate lending with the RWA sector?

AIn January 2026, TermMax launched a fixed-rate lending market on BNB Chain that supports Ondo tokenized stock as collateral, allowing users to borrow funds without selling their tokenized stock assets.

İlgili Okumalar

Three Rounds in a Row, Shanghai Gives Birth to a $10 Billion Satellite Internet Unicorn

Shanghai-based semiconductor company Sixic has raised a new strategic investment round, securing backing from investors including Xinhuanet Venture Capital and Tongding Group, with continued support from existing investors. This marks the company's third disclosed financing this year, following a 1.5 billion RMB raise in February, officially cementing its status as a new Shanghai unicorn with a valuation exceeding 10 billion USD. The financing comes amid a dynamic period for China's commercial aerospace sector. Recent milestones include a successful controlled landing of a rocket first stage, signaling a path toward lower launch costs, and the establishment of a national Commercial Aerospace Innovation Consortium comprising 271 entities. Sixic stands out as the only 6G satellite internet baseband chip company within this consortium. The article highlights a market shift from a focus on rockets and satellites towards recognizing the value of the terminal and connectivity layer, essential for completing the commercial loop. Satellite internet, integral to 6G and commercial aerospace, is entering an industrial phase with clear policy support, including China's pioneering allocation of 6GHz spectrum for 6G R&D. Sixic specializes in 5G/6G satellite communication baseband chips, a highly complex segment. Unlike terrestrial communication, satellite chips must address challenges like high Doppler shift and signal loss. The company's technological validation is a key driver for investment. It has secured product certifications from leading global smartphone manufacturers, new energy vehicle makers, and communication module companies. A strategic partnership with ZTE was announced in March to collaborate on 6G NTN satellite internet. The company has achieved a full technical verification loop, from lab tests to in-orbit validation, including successfully demonstrating 5G NTN standard-based HD video calls via satellite in 2025. It maintains a 100% first-pass success rate for chip tape-outs and possesses full-stack in-house R&D capabilities. Sixic's strategy focuses on ASIC development for future commercial-scale, power-efficient consumer devices like smartphones. Its early and deep involvement in industry standards and constellation planning creates a significant competitive barrier. Looking ahead, Sixic's opportunity extends beyond chips into modules and terminal ecosystems. It has developed a full range of baseband SoC solutions and provides reference designs to help partners launch products quickly. The recent release of the CM7620 broadband satellite communication module at MWC Shanghai completes its "chip-module-terminal" portfolio. This latest funding round represents a strategic bet on the foundational communication capabilities that will underpin the next generation of 6G and satellite internet value chains.

marsbit8 dk önce

Three Rounds in a Row, Shanghai Gives Birth to a $10 Billion Satellite Internet Unicorn

marsbit8 dk önce

Is the iPhone Moment for Embodied AI Coming Soon?

Is the "iPhone moment" for embodied AI approaching? This article, based on a roundtable discussion, presents expert insights on the current state and future of embodied AI. The consensus is that the pivotal "iPhone moment" is still distant. The field is likened to the "brick phone" era, with technology paths—such as VLA and world models—not yet converging. While robotic "motor skills" (e.g., walking) have matured, the "brain" (decision-making, generalization) remains far from commercial readiness. A major bottleneck is data: an estimated tens of millions of data points are needed for a breakthrough, but only around 500,000 currently exist globally. Currently, cost remains prohibitive for widespread labor replacement, making the economic case challenging. However, experts see a three-tiered market potential: a billion-level market for emotional companionship (e.g., entertainment, basic care), a trillion-level market for commercial services (e.g., guides, receptionists), and a massive, long-term opportunity for physical labor in factories and homes. The discussion suggests that while humanoid robots face hurdles, non-humanoid embodied AI applications (like existing service robots) can be deployed sooner. The ultimate vision is for AI to operate seamlessly in the physical world, not just behind screens. Regarding AI tools, participants noted their widespread use for boosting efficiency in coding, research, and teaching. However, they warned against over-reliance due to risks of AI "deception" and the erosion of critical thinking, emphasizing that core judgment must remain with humans. In summary, embodied AI holds immense promise but requires significant progress in brain models, data collection, and cost reduction before achieving its transformative potential. Its development is expected to be gradual, advancing through specific use cases rather than a single explosive moment.

marsbit25 dk önce

Is the iPhone Moment for Embodied AI Coming Soon?

marsbit25 dk önce

Wall Street Morning Report: U.S. Stocks Suffer Collective Setback, Apple Hits New High Against the Trend, Tonight's CPI and Waller's Hearing to Determine Interest Rate Path

Wall Street Morning Report: U.S. stocks fell collectively, while Apple hit a new record high. Key events including tonight's CPI data and Fed Chair Walsh's testimony will set the direction for interest rates. Markets experienced a sharp "risk-off" move due to escalating Middle East tensions and unexpected hawkish signals from the Federal Reserve. Major indices declined, with the Nasdaq Composite leading losses, down 1.55%. The VIX fear index surged over 14%. Geopolitical tensions spiked as the U.S. conducted consecutive airstrikes on Iran and announced a maritime blockade of Iranian ports, set to begin on July 15. This triggered a panic-driven rally in oil, with WTI crude soaring over 9% to breach $80 per barrel. Safe-haven flows bolstered the U.S. dollar and Treasury yields, while gold plunged nearly 3%, losing its $4,000 level. Rate markets now price a nearly 50% chance of a Fed rate hike in July, up significantly from prior expectations, following hawkish commentary from Fed Governor Waller. The tech sector, particularly AI-related stocks, faced intense selling pressure. The Philadelphia Semiconductor Index plunged 4%. Notable decliners included SK Hynix (down 9% on its second trading day as an ADR), Nvidia, AMD, and Intel. In contrast, Apple shares rose 0.63% to a record high, viewed as a stable haven away from the costly AI data center arms race. Key events to watch include the U.S. June CPI inflation data and Fed Chair Walsh's Congressional testimony tonight, which will critically influence the Fed's policy path. Major bank earnings also begin today. The formal implementation of the U.S. maritime blockade against Iran on July 15 and upcoming events like TSMC's Q2 earnings and a SpaceX Starship test flight remain in focus.

marsbit1 saat önce

Wall Street Morning Report: U.S. Stocks Suffer Collective Setback, Apple Hits New High Against the Trend, Tonight's CPI and Waller's Hearing to Determine Interest Rate Path

marsbit1 saat önce

SBI partners with Solana to expand Japan’s on-chain finance, but can it become Asia’s hub?

SBI Holdings and the Solana Foundation have formed a strategic partnership, creating SBI Solana Global, to develop Japan's on-chain financial markets. This initiative focuses on utilizing Solana's infrastructure for regulated services like JPY stablecoins, tokenized real-world assets, and cross-border payments. A core goal is to modernize Japan's financial sector rather than disrupt it, positioning the country as a potential hub for institutional on-chain finance in Asia. Success hinges on driving sustained institutional adoption, transaction growth, and expanding cross-border payment activity, moving beyond policy to execution.

ambcrypto1 saat önce

SBI partners with Solana to expand Japan’s on-chain finance, but can it become Asia’s hub?

ambcrypto1 saat önce

Crude Oil Surges 10% in Intraday Trading! US Military Restores Blockade on Iran, Trump Warns of 'Heavy Blows' Tonight and Tomorrow, Imposes 20% Fee on Strait Shipping

Crude oil prices surged up to 10% intraday as tensions between the US and Iran escalated sharply. President Trump announced the reinstatement of a maritime blockade against Iran, targeting its ships and their customers, while stating the Strait of Hormuz would remain open to all other nations. He further declared that the US, as the "guardian" of the strait, would impose a 20% fee on all cargo transiting the strategic waterway to compensate for security costs. The US Central Command confirmed the naval blockade would commence on July 14 (GMT). Following Trump's statements, reports emerged of explosions near Iran's Larak Island and the port of Bandar Abbas, though Iranian authorities did not confirm their nature. Iran's Foreign Minister criticized the proposed 20% fee as excessive, asserting Iran's role as the guardian of the strait. An Iranian military spokesperson warned of a strong response to any unauthorized US interference in the waterway. The United Nations' International Maritime Organization (IMO) expressed opposition to charging tolls for passage through international straits, stating such measures lack legal foundation. Market reactions were pronounced, with Brent crude briefly surpassing $83 and WTI above $78. The situation intensified as Trump notified Congress of renewed hostilities with Iran, following US airstrikes on Iranian targets.

marsbit1 saat önce

Crude Oil Surges 10% in Intraday Trading! US Military Restores Blockade on Iran, Trump Warns of 'Heavy Blows' Tonight and Tomorrow, Imposes 20% Fee on Strait Shipping

marsbit1 saat önce

İşlemler

Spot