We have seen many lending and borrowing systems in defi and looping used to be the most annoying trade in DeFi and you know it.
Deposit collateral. Borrow stables. Swap back. Deposit again. Borrow again. Six or seven transactions deep, gas eating your edge, and now you own a position you have to babysit at 3am because the borrow rate moved while you slept.
@TermMax collapsed all of that into one NFT.
It is called GT, the Gearing Token. One transaction mints it. Inside that single token sits your collateral, your debt and your leverage, all recorded on chain. No manual loops. No seven approvals. And because the borrow leg is fixed rate, your cost of carry does not move on you mid position.
Think about what that actually changes. Your only variable is price. That is it. Before this you were managing price risk and rate risk simultaneously, with a floating borrow that could double overnight and quietly turn a winning trade into a stop out.
Repayment has a trick in it too. You can settle in debt tokens, or you can buy FT off the open market at a discount and hand those back instead. If FT trades at $0.80 and you owe 800, you just cleared the debt for $640.
$TMX #TermMax
Deposit collateral. Borrow stables. Swap back. Deposit again. Borrow again. Six or seven transactions deep, gas eating your edge, and now you own a position you have to babysit at 3am because the borrow rate moved while you slept.
@TermMax collapsed all of that into one NFT.
It is called GT, the Gearing Token. One transaction mints it. Inside that single token sits your collateral, your debt and your leverage, all recorded on chain. No manual loops. No seven approvals. And because the borrow leg is fixed rate, your cost of carry does not move on you mid position.
Think about what that actually changes. Your only variable is price. That is it. Before this you were managing price risk and rate risk simultaneously, with a floating borrow that could double overnight and quietly turn a winning trade into a stop out.
Repayment has a trick in it too. You can settle in debt tokens, or you can buy FT off the open market at a discount and hand those back instead. If FT trades at $0.80 and you owe 800, you just cleared the debt for $640.
$TMX #TermMax