Tonight, while browsing the TermMax leaderboard, MP jumped a bit. I thought someone had overcharged, but the announcement said the X API missed a capture and they're now adding back the history. MP can be added back, but TVL can't. Points can be manipulated at will, and fund growth is fake. This round of XP was all distributed. The rules were simple: sign in for a few days and add some balance to get it. It mainly bought users; funds barely came in. The calculation is just three lines: Points: How much XP/MP/AP was burned today? Check the leaderboard; this is the cost. Funds: TVL 27m, ETH 25m, BSC only 1.5m. The entry point is clearly BSC, but all the money is in ETH; it hasn't been migrated in. Total TVL growth is fake. Usage: Only 2m was lent out, accounting for 7%. Fees are 0 per day; only a few thousand dollars in 30 days. Still building the framework; not really making money. These three lines clearly show the truth: only the money left after the XP→rTVL activity counts as growth; the rest is traffic. The community shouldn't keep asking if TVL has increased; they should be asking about the net increase in BSC and whether anyone has migrated to the mainnet. If no one has migrated, the growth is fake. The official response of supplementing MP is just a way to correct the narrative. I directly suggest @TermMaxFi release daily tables showing the increase in points, TVL changes by chain, and changes in lending, with a note on how much is being added. If they dare to release these, everyone can only reconcile the accounts. TermMax's most valuable asset is genuine retention. It's not how much is issued, but how much is retained; it's not hype, it's efficiency. If they continue to issue massive amounts without considering retention in the next round, the funds will run out, and they won't say they weren't warned. Fixed-rate platforms are most vulnerable to users leaving and tables empty. If you have any opinions, let's debate. 👉app.termmax.ts.finance/borrow?...… #TermMax #Mindshare #BNBChain #DeFi #TMX

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