TermMax also has a Leverager mechanism for creating leveraged positions.

The Leverager uses borrowed debt tokens to purchase more of the collateral asset. The purchased collateral is then locked into a Gearing Token.

During this process, TermMax uses a flash loan. The funds are used to purchase collateral, and the resulting position is used to repay the flash loan within the same transaction.

The final GT represents the leveraged position, including its collateral and debt.

I want to watch how this mechanism works in practice.

#termmax @TermMax