#termmax Fixed-rate lending is typically assumed to lock user capital until a predefined maturity date.
TermMax splits deposited collateral into FT, XT, and GT. FT represents a 1:1 claim on the underlying asset at maturity. XT captures yield accrued above the fixed rate. GT represents a collateralized debt position. FT trades prior to maturity using range-order pricing curves that allocate liquidity across defined interest rate intervals.
Fixed-rate lending markets must clear at a single, uniform interest rate across all available liquidity depth.
The pricing formula adjusts the reserve ratio between tokens using days-to-maturity divided by 365, directly shifting the curve boundary values as time elapses. @TermMax
TermMax splits deposited collateral into FT, XT, and GT. FT represents a 1:1 claim on the underlying asset at maturity. XT captures yield accrued above the fixed rate. GT represents a collateralized debt position. FT trades prior to maturity using range-order pricing curves that allocate liquidity across defined interest rate intervals.
Fixed-rate lending markets must clear at a single, uniform interest rate across all available liquidity depth.
The pricing formula adjusts the reserve ratio between tokens using days-to-maturity divided by 365, directly shifting the curve boundary values as time elapses. @TermMax