While looking at @TermMax , one detail caught my attention: liquidity does not simply sit idle waiting for a borrower. Undeployed vault funds can earn floating yield through Morpho or Aave, then be recalled when a borrower matches a curator-defined fixed-rate curve.
Curators can shape APR across different liquidity depths, while liquidity from multiple curators is combined into an aggregated order book. TermMax also uses FT, XT, and GT positions to make fixed-rate credit and debt transferable.
The structure could give lenders clearer returns and borrowers more predictable costs. Still, the real test will be whether sufficient liquidity and organic borrowing demand develop across its markets.
#TermMax
Curators can shape APR across different liquidity depths, while liquidity from multiple curators is combined into an aggregated order book. TermMax also uses FT, XT, and GT positions to make fixed-rate credit and debt transferable.
The structure could give lenders clearer returns and borrowers more predictable costs. Still, the real test will be whether sufficient liquidity and organic borrowing demand develop across its markets.
#TermMax