# TermMax

Fixed-Rate MEV: The End of Fixed Income and the Manipulated Dark Web Path
Everyone talks about fixed interest rates, and the first reaction is often risk aversion and certainty. It seems that as long as you deposit money, the interest rate is locked in. But this is actually a huge cognitive blind spot.
On-chain, smart contracts can only lock in your final yield but can never lock in your transaction execution order. From the moment you click confirm to the block being mined, your funds are running naked in the mempool.
This is the hardcore truth I want to dissect today: when certain returns co