#termmax @TermMax
TermMax Technical Breakdown
TermMax Is Building Fixed Rate And Fixed-Term Infrastructure For DeFi
Instead Of Just Relying On Floating Rates It Uses Tokenized Financial Primitives
Ft = FixedRate Token
An Erc-20 Token That Represents A Fixed-Rate Claim. You Can Redeem It For Face Value When It Matures
Xt = Interest Component
Ft And Xt Work Together In The Debt Tokenization Model
1 Ft + 1 Xt = 1 Debt Token
Gt = Gearing Token
An Erc-721 Nft That Represents Your Individual Collateralized Borrowing Position Think Of It As Your Loan Receipt On Chain
Mltv = Maximum Loan To Value
This Sets How Much Debt You Can Take Out Compared To The Value Of Your Collateral It’s The Main Risk Guardrail
Fixed Maturity
Every Market Has A Set Expiry Date So You Always Know Exactly When Settlement Happens
Range Order Amm
TermMax Uses A Range Order Amm To Price And Trade Fixed Rate Positions On Chain This Makes The Market More Efficient
Zero = Coupon Structure
Ft Tokens Can Be Traded Below Face Value And Then Redeemed For Full Value At Maturity It Works Just Like A Bond
The Core Architecture In Simple Terms
Ft → Fixed Rate Claim
Xt → Interest Component
Gt → Collateralized Position
Mltv → Risk And Borrowing Limit
Maturity → Settlement Date
Amm → Market Pricing
TermMax’s Big Idea Is Simple
Make Fixed Rate Finance Tokenized Programmable And Composable OnChain
TermMax Technical Breakdown
TermMax Is Building Fixed Rate And Fixed-Term Infrastructure For DeFi
Instead Of Just Relying On Floating Rates It Uses Tokenized Financial Primitives
Ft = FixedRate Token
An Erc-20 Token That Represents A Fixed-Rate Claim. You Can Redeem It For Face Value When It Matures
Xt = Interest Component
Ft And Xt Work Together In The Debt Tokenization Model
1 Ft + 1 Xt = 1 Debt Token
Gt = Gearing Token
An Erc-721 Nft That Represents Your Individual Collateralized Borrowing Position Think Of It As Your Loan Receipt On Chain
Mltv = Maximum Loan To Value
This Sets How Much Debt You Can Take Out Compared To The Value Of Your Collateral It’s The Main Risk Guardrail
Fixed Maturity
Every Market Has A Set Expiry Date So You Always Know Exactly When Settlement Happens
Range Order Amm
TermMax Uses A Range Order Amm To Price And Trade Fixed Rate Positions On Chain This Makes The Market More Efficient
Zero = Coupon Structure
Ft Tokens Can Be Traded Below Face Value And Then Redeemed For Full Value At Maturity It Works Just Like A Bond
The Core Architecture In Simple Terms
Ft → Fixed Rate Claim
Xt → Interest Component
Gt → Collateralized Position
Mltv → Risk And Borrowing Limit
Maturity → Settlement Date
Amm → Market Pricing
TermMax’s Big Idea Is Simple
Make Fixed Rate Finance Tokenized Programmable And Composable OnChain