I used to assume fixed-rate DeFi was mainly about locking in the right rate. Then I looked closer at how TermMax structures the position—and why the structure matters.
GT, FT and XT separate the position into distinct components, while range orders let borrowers and lenders define different pricing curves instead of simply taking one market rate. FT can also be traded before maturity, giving the position more exit flexibility.
That made me look at it differently: fixed-rate DeFi isn’t only about the rate you lock in. Time-to-maturity becomes part of how the position behaves and is priced.
The key test for me is what happens when pricing curves diverge sharply and liquidity starts moving between them.
@TermMax #TermMax $BTW $DOS
GT, FT and XT separate the position into distinct components, while range orders let borrowers and lenders define different pricing curves instead of simply taking one market rate. FT can also be traded before maturity, giving the position more exit flexibility.
That made me look at it differently: fixed-rate DeFi isn’t only about the rate you lock in. Time-to-maturity becomes part of how the position behaves and is priced.
The key test for me is what happens when pricing curves diverge sharply and liquidity starts moving between them.
@TermMax #TermMax $BTW $DOS
