#termmax @TermMax
I’ve been digging into @TermMax , and one thing I didn’t expect was how much maturity matters to the way an FT works.
TermMax uses Fixed-Rate Tokens (FT), X Tokens (XT), and Gearing Tokens (GT). An FT can be redeemed for its face value at maturity and traded before maturity. XT represents the interest obligation tied to an FT loan, while GT is an ERC-721 representing the collateral and debt of a borrowing position.
That made me look at the whole setup differently.
One detail really stood out that TermMax uses the number of days until maturity in its FT annualized-return calculation. So maturity isn’t just the finish line, it directly factors into how the return is expressed.
Now I’m watching what happens as FTs keep trading and maturity gets closer.
That’s the part of #TermMax I want to watch in practice. @TermMax
I’ve been digging into @TermMax , and one thing I didn’t expect was how much maturity matters to the way an FT works.
TermMax uses Fixed-Rate Tokens (FT), X Tokens (XT), and Gearing Tokens (GT). An FT can be redeemed for its face value at maturity and traded before maturity. XT represents the interest obligation tied to an FT loan, while GT is an ERC-721 representing the collateral and debt of a borrowing position.
That made me look at the whole setup differently.
One detail really stood out that TermMax uses the number of days until maturity in its FT annualized-return calculation. So maturity isn’t just the finish line, it directly factors into how the return is expressed.
Now I’m watching what happens as FTs keep trading and maturity gets closer.
That’s the part of #TermMax I want to watch in practice. @TermMax
