TermMax and Renaiss Gain Momentum – How to Participate in These Two YZi Labs-Incubated Projects?

Original by Odaily Planet Daily (@OdailyChina)

Author: Asher (@Asher_0210)

In mid-May, YZi Labs announced the 25 graduating projects from Season 3 of its flagship incubation program, EASY Residency (Read more: EASY Residency Season 3 Graduation List Revealed – Which Tracks Did YZi Lab Target?). This cohort focuses on areas such as the restructuring of on-chain financial market structures, AI agents, tokenized real-world assets, prediction markets, and privacy compliance.

Most projects are still in their very early stages, with limited public information and relatively sparse community discussion. However, Odaily Planet Daily has observed that two projects have recently seen a noticeable surge in attention: one is TermMax, focusing on fixed-rate lending, and the other is Renaiss, built around the financialization of real-world collectible card assets.

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

TermMax: A New DeFi Solution for Fixed-Rate Lending

Project Overview

TermMax is a DeFi protocol focused on fixed-rate, fixed-term lending, essentially functioning as a "lending AMM." 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, and lenders can also determine their yields at maturity upfront.

In terms of product mechanism, TermMax borrows from Uniswap V3's AMM concept and tokenizes leveraged and fixed-income exposure through Gearing Tokens and Fixed-rate Tokens. Users can engage in fixed-rate lending, one-click looping, range orders, and custom pricing curves within the platform. Instead of repeatedly operating across multiple protocols for lending, leverage, and interest rate trading, all these actions are integrated into a single market.

Key Developments

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

DeFi Lending Protocol Daily Active Address Chart (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 stock 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 the launch of its V2 version on X. 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 capital to generate base yields. Atomic Order allows the same liquidity to be listed in multiple markets simultaneously but consumed only once, improving liquidity utilization. The Order Aggregator automatically scans different order types, matching users with more optimal interest rate paths.

Moreover, V2 adds Smart Unwind and Alpha Zone. The former enhances the efficiency of exiting debt positions and recycling capital, while the latter supports more flexible creation of new markets. Overall, the focus of TermMax V2 is not on adding more complex features but on deepening liquidity, improving capital efficiency, and simplifying user operations in the fixed-rate lending market.

Interaction Opportunities

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

STEP 2. Click "Sign In" and connect your Web3 wallet to log into your personal account.

STEP 3. Complete daily check-ins (resets daily at 8:00 AM) to earn points.

STEP 4. Points are divided into XP tasks (deposit-based), AP tasks (trading-based), and MP tasks (social-based). 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. Its primary focus is collectible finance, meaning a financial network for collectibles. Unlike common RWA categories such as U.S. Treasuries, stocks, or funds, Renaiss targets a more vertical market – collectibles, specifically real-world collectible assets like trading cards and Pokémon cards. To date, the Renaiss platform has surpassed $15 million in trading volume.

Renaiss aims to solve long-standing pain points in the real-world collectibles market, including high costs for physical custody and authentication, opaque pricing data, fragmented trading liquidity, and the difficulty of further financializing these assets. By utilizing on-chain ownership certificates, third-party custody, and a data pricing framework, the project transforms real-world cards and other collectibles 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 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 such as staking and lending, ultimately evolving into a protocol-layer project for real-world collectibles. This differentiates Renaiss from typical NFT projects. It does not reissue a batch of purely on-chain image assets; instead, it brings physical cards that already possess offline value and collecting demand onto 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 of card packs, with a total supply of 1,000. The top-tier cards have a maximum value of up to $2,900, and the packs sold out on the same day.

On May 26, announced the upcoming launch of the Eden Pack series of card packs, featuring a One Piece theme. The total number is yet to be disclosed, but it includes over 100 top-grade cards.

Interaction Opportunities

STEP 1. Visit the official site (Link: https://www.renaiss.xyz/), and click "Log in" to access your personal account.

STEP 2. Click the profile icon 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, with a 90% chance of pulling a C-grade card; 7% chance of a B-grade card; 2% chance of an A-grade card; and less than 1% chance of an S-grade card.