Guys i didn’t expect this things in @TermMax V2!

They are thinking about what happens when your liquidity is not being borrowed.

In a fixed-rate market, liquidity can be sitting in a vault waiting for borrowers to take an order.

In V2, Composable Base Yield is designed to make that waiting capital productive.

When a curator creates a vault, they can select a base-yield source for idle assets.

TermMax says V2 supports sources such as Aave and ERC-4626 vaults like Morpho.

So the basic idea becomes:

Liquidity deposited
 ↓
Waiting for a fixed-rate match
 ↓
Base yield while idle
 ↓
Fixed-rate position when matched

The same capital can have a role in two different environments:

Variable yield while waiting
→ Fixed yield when matched

TermMax's Morpho integration explains the flow more specifically: 

unmatched capital can earn Morpho's floating yield, then be pulled when a TermMax fixed-rate order is filled.

Of course, this doesn't mean the return is guaranteed. The underlying yield source has its own risks, and the actual strategy depends on the vault's configuration and curator.

#TermMax