I was looking deeper into @TermMax and found an interesting part of its design: FT, XT, and GT are used together with range-order pricing curves, and FT can remain tradable before maturity. That made me look at it differently. Time-to-maturity also becomes part of the pricing process. I’m still curious to see how these mechanics behave in real market conditions. I want to watch this in practice. #TermMax @TermMax