#termmax @TermMax
‎What do you think TermMax's real strength is?
‎Initially i saw @TermMax as mainlya fixed-rate lending protocol but the more I look at how FT, XT and GT work together the more i see that there is a bigger idea behind the system.
‎A lender can buy FT at a discount and know what they will receive at maturity a borrower can buy FT at a discount and know what they will receive at maturity.
‎A borrower gets XT and can still for liquidity while locking in the borrowing cost.
‎The GT brings the collateral and debt together into one on chain leverage position but what caught my attention is that these pieces don't have to be managed as one rigid position each token represent a different part of the same debt position which means lenders borrowers and leveraged users can manage their exposure differently that change the way I think about fixed-rate lending.
‎MAybe fixed rates do not have to mean giving up flexibility.
‎If Defi can separate the different parts of a debt position while keeping everything connected on chain borrowing becomes more predictable without making positions harder to manage and maybe that is the more interesting part of Termmax not just offering rates but making fixed-rate positions more flexible.
‎If borrowing can be predictable and flexible at the same time would not that make leverage much easier to manage?
$GPS $PORTAL $ACE
‎What matters more to you in Defi lending?