The two-way range order is one of those TermMax features that took me a moment to appreciate. What I like is that it doesn’t force the market maker to think about borrowing and lending as completely separate activities.
With @TermMax an order setter can configure both a borrowing curve and a lending curve within the same setup. That means they can decide how rates should behave as the amount borrowed or lent changes, rather than relying on one fixed rate for everything.

For example, the borrowing rate can move as borrowing increases, while the lending side can be structured differently based on the amount of liquidity being provided. This gives the market maker more room to think about where their capital should be deployed and at what rates.
I find that flexibility more interesting than simply having another order type. It makes the pricing side feel more active.

For me, #TermMax’s two-way range order shows how much control the protocol gives to market makers. Instead of just supplying liquidity and waiting, they can actively shape both sides of the market according to their strategy and market conditions.#TermMax