When I read about the fixed-rate borrowing, a question raised in my mind.

Now you will be thinking that what is the question, so I don't want to take your much time and I will just tell you in simple words and I hope that you will understand better.

If a DeFi is having fixed borrowing or lending rates then who is the person who states that "it will be the fixed rate"?.

The person who fixes that is not actually a person that's the TermMax himself.

The TermMax fixes the rate after when you do a transaction, and the rate then discovers the market himself.

You will understand it more better if I give you an example:
Think of it like that I am a lender and you are a borrower. So I will be needed a certain return and you will be borrowing at a certain cost.
The TermMax is a project who just brings both of us together.

The above is what I was thinking about the project and I just share my thoughts with you.

If you are interested in these like question solving, don't forget to hit the follow button and also show some support on my post.

@TermMax #TermMax