Fixed-rate protocols are often assumed to strictly lock capital into fixed terms until expiration.
TermMax mints FT, XT, and GT.

The protocol executes trades along range-order pricing curves, and FT is tradable before maturity.
That made me look at it differently.

Time-to-maturity becomes part of pricing, influencing execution values across the duration of the term.

How secondary market liquidity dynamically distributes across various maturity windows during sustained price volatility remains uncertain in live market conditions.

I want to watch this in practice.
#TermMax @TermMax