Not every fixed rate in DeFi has to be a single number.
TermMax takes a different approach to liquidity.
Its Range Orders allow a market to use a pricing curve where the rate changes as liquidity is consumed.
So instead of:
→ one rate for the entire market
you can have:
→ one rate for the first liquidity range
→ another rate for the next range
→ different conditions deeper in the curve
A single Market can contain multiple Range Orders, and TermMax supports both lending and borrowing curves.
There’s also a Two-Way Range Order, where borrowing and lending liquidity can be configured inside the same order.
For me, this is one of the more interesting parts of TermMax: fixed-rate markets become programmable liquidity markets rather than simple “fixed APR” products.
#termmax @TermMax
TermMax takes a different approach to liquidity.
Its Range Orders allow a market to use a pricing curve where the rate changes as liquidity is consumed.
So instead of:
→ one rate for the entire market
you can have:
→ one rate for the first liquidity range
→ another rate for the next range
→ different conditions deeper in the curve
A single Market can contain multiple Range Orders, and TermMax supports both lending and borrowing curves.
There’s also a Two-Way Range Order, where borrowing and lending liquidity can be configured inside the same order.
For me, this is one of the more interesting parts of TermMax: fixed-rate markets become programmable liquidity markets rather than simple “fixed APR” products.
#termmax @TermMax
