#termmax @TermMax Protocol Architecture and Capital Efficiency
TermMax uses a Range Order AMM focused on interest rate discovery, allowing curators to set target APR ranges instead of price ranges for more efficient yield curve management.
The protocol features a three-token model:
FT (Fixed-rate Token): A zero-coupon bond token that provides fixed returns at maturity.
XT (Yield Token): Represents the yield component and enables yield trading and hedging.
GT (Gearing Token): An NFT that bundles collateral and debt positions, enabling one-click leverage strategies.
To maximize capital efficiency, TermMax uses Atomic Orders to distribute liquidity across multiple rate ranges and automatically deploys idle funds into protocols such as Aave, Morpho, and Venus.
Market pricing is managed by professional curators, including Keyrock, Edge Capital, Origami, Hardcoded Lab, and AlphaPing, helping maintain competitive and efficient interest rate markets.
TermMax uses a Range Order AMM focused on interest rate discovery, allowing curators to set target APR ranges instead of price ranges for more efficient yield curve management.
The protocol features a three-token model:
FT (Fixed-rate Token): A zero-coupon bond token that provides fixed returns at maturity.
XT (Yield Token): Represents the yield component and enables yield trading and hedging.
GT (Gearing Token): An NFT that bundles collateral and debt positions, enabling one-click leverage strategies.
To maximize capital efficiency, TermMax uses Atomic Orders to distribute liquidity across multiple rate ranges and automatically deploys idle funds into protocols such as Aave, Morpho, and Venus.
Market pricing is managed by professional curators, including Keyrock, Edge Capital, Origami, Hardcoded Lab, and AlphaPing, helping maintain competitive and efficient interest rate markets.