TermMaxとRenaissの注目度が上昇、YZi Labsが育成するこれら2つのプロジェクトに参加する方法は？
- コアポイント： 最近、YZi Labsが育成するプロジェクト、TermMaxとRenaissの注目度が上昇しています。TermMaxは固定金利貸付メカニズムを通じてDeFiの効率を最適化し、TVLは7100万ドルを超えています。一方、Renaissは現実のトレーディングカードのチェーン上の金融化に焦点を当て、プラットフォームの取引高は1500万ドルを突破しており、両者ともに初期のインタラクションの機会を提供しています。
- 重要な要素：
- TermMaxはUniswap V3に類似したAMMモデルを採用し、トークン化された固定収益とレバレッジを通じて、貸付、金利取引、循環レバレッジ機能を統合し、金利の予測可能性を高めています。
- TermMax V2バージョンがリリースされ、Composable Base Yield、Atomic Order、Order Aggregatorなどのメカニズムを通じて、流動性の断片化やアイドル資金の利用率の問題を解決し、資本効率を向上させています。
- TermMaxはすでにEthereumなどのネットワークをサポートしており、2026年3月にはToken Terminalの融資プロトコルのデイリーアクティブユーザー数で第2位にランクインし、固定金利貸付とRWA（例：Ondoのトークン化株式）を組み合わせています。
- Renaissは、チェーン上の所有権証明書とサードパーティによるカストディを通じて、現実のカード（例：ポケモンカード）を取引可能でDeFi化可能な資産に変換し、コレクション市場におけるカストディ、検証、流動性の課題を解決しています。
- Renaissは最近、Magma Packシリーズ（総数1000個、当日完売）をリリースし、Eden Packシリーズ（100枚以上のトップカードを含む）を予告しています。同時に、カードパック開封のインタラクションの機会も提供しており、カードパックの単価は48ドルです。
- 両プロジェクトとも初期段階にあり、ユーザーはポイント活動（TermMaxのSeason 0）やカードパックの購入（Renaiss）を通じて、潜在的なエアドロップや報酬の機会に参加できます。
Original: Odaily Planet Daily (@OdailyChina)
Author: Asher (@Asher_0210)
Mid-month, YZi Labs announced the 25 graduating projects of Season 3 for its flagship incubation program, EASY Residency (for more details: EASY Residency Season 3 Graduates Announced, What Tracks Did YZi Lab Focus On?), focusing this round on areas such as restructuring on-chain financial markets, AI agents, tokenized real-world assets, prediction markets, and privacy compliance.
Most projects are still in very early stages with limited public information, and community discussions are not yet dense. However, Odaily observed that two projects have recently gained significant traction: TermMax, which focuses on fixed-rate lending, and Renaiss, which revolves around the financialization of real-world collectible card assets.
Below, Odaily will provide an overview of TermMax and Renaiss from the perspectives of project positioning, product mechanisms, and potential participation opportunities.
TermMax: A New DeFi Approach to Fixed-Rate Lending
Project Overview
TermMax is a DeFi protocol specializing in fixed-rate, fixed-term lending, essentially an "AMM for lending." Compared to floating-rate lending protocols like Aave and Compound, TermMax emphasizes interest rate predictability—borrowers can lock in their financing costs before opening a position, while lenders can also determine their maturity returns in advance.
In terms of product mechanics, TermMax draws inspiration from Uniswap V3's AMM concept and tokenizes leverage and fixed-income exposure through Gearing Tokens and Fixed-rate Tokens. Users can perform fixed-rate lending, one-click looping, range orders, and custom pricing curves within the platform, consolidating lending, leverage, and interest rate trades that previously required interactions across multiple protocols into a single market.
Key Developments
Since its mainnet launch in April 2025, TermMax's TVL briefly surpassed $71 million. The project currently supports multiple networks including Ethereum, Arbitrum, and BNB Chain, and continues to expand to ecosystems like X Layer and Base. Previously, on March 25, 2026, TermMax ranked second in daily active addresses among DeFi lending protocols on Token Terminal, trailing only Aave.
DeFi Lending Protocol Daily Active Address Ranking (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 obtain funds without selling their tokenized equity assets. Additionally, TermMax launched a single-asset USD₮0 lending product on X Layer, with a fixed APY of up to approximately 5.07%, and partnered with Morpho to introduce one-click Rollover, enhancing the flexibility of fixed-term debt.
Last night, TermMax announced on X platform the launch of its V2 version. Compared to V1, the V2 version primarily focuses on restructuring to address issues like liquidity fragmentation, low idle capital utilization, and inefficient order matching.
TermMax V2 is now live
Specifically, V2 introduces Composable Base Yield, allowing Vaults to integrate ERC-4626 yield sources like Aave and Morpho, enabling unmatched idle funds to generate base returns; Atomic Orders allow the same liquidity to be listed on multiple markets simultaneously but consumed only once, improving liquidity utilization; and the Order Aggregator automatically scans different order types to match users with optimal interest rate paths.
Additionally, V2 adds Smart Unwind and Alpha Zone. Smart Unwind improves the efficiency of exiting debt positions and recycling capital, while Alpha Zone supports more flexible creation of new markets. Overall, TermMax V2's focus is not on adding more complex features but on making the fixed-rate lending market deeper, more capital-efficient, and simpler for users to operate.
Interaction Opportunities
STEP 1. After entering the V2 version, click "Leaderboard" at the top to access the TermMax Season 0 event interface.
STEP 2. Click "Sign In" and connect your Web3 wallet to log in to your personal account.
STEP 3. Complete daily check-ins (reset daily at 8:00 AM) to earn points.
STEP 4. Points are divided into XP tasks (deposit-related), AP tasks (trading-related), and MP tasks (social-related). Complete the corresponding tasks as specified to earn the respective point rewards.
Renaiss: Providing On-Chain Liquid Assets for Real-World Collectible Cards
Project Overview
Renaiss is an RWA liquidity infrastructure project centered around real-world collectibles, with a primary focus on collectible finance, essentially a collectibles financial network. Unlike common RWA categories like treasuries, stocks, or funds, Renaiss targets the more niche collectibles market, particularly trading cards, Pokémon cards, and other real-world collectible assets. To date, the transaction volume on the Renaiss platform has exceeded $15 million.
Renaiss aims to solve 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 difficulties in further financializing assets. By leveraging on-chain ownership certificates, third-party custody, and a data pricing system, the project transforms collectibles like physical cards into verifiable, tradable, and composable on-chain assets.
Renaiss enables more real-world collectibles to become on-chain assets that are verifiable, tradable, and usable within DeFi. For example, once a high-value collectible card completes custody and on-chain mapping, it can not only be bought and sold but also potentially enter on-chain financial scenarios like staking and lending, ultimately evolving into a protocol layer project for real-world collectibles. This differentiates Renaiss from typical NFT projects. It does not simply issue a new batch of purely on-chain image assets; instead, it connects physical cards that already have offline value and collectible demand to the chain, 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, totaling 1,000 packs, with top-tier card values reaching up to $2,900, selling out on the same day.
On May 26, announced the upcoming launch of the Eden Pack series, themed around One Piece, with the total number undisclosed, featuring over 100 top-condition cards.
Interaction Opportunities
STEP 1. Go to the official website (Link: https://www.renaiss.xyz/), click "Log in" to access your personal account.
STEP 2. Click the icon in the top right corner to deposit funds.
STEP 3. Click on the OMEGA card opening event on the homepage. Each pack costs $48, with a 90% chance of getting a C-grade card; 7% chance for a B-grade card; 2% chance for an A-grade card; and less than a 1% chance for an S-grade card.
