been looking at TermMax’s GT design and honestly? this is one of those details that’s easy to miss.
A GT (Gearing Token) is an NFT that represents a leveraged position with its related collateral and debt information recorded on chain.
What I find interesting is the way TermMax uses it to simplify leverage.
Instead of manually repeating the same collateral and borrow steps several times the whitepaper says users can mint a GT in a single transaction to reach their target leverage with significantly lower gas costs.
So the NFT here isn’t just a collectible sitting in a wallet.
It’s being used as a container for an actual leveraged position.
That’s a pretty different way to think about NFTs in DeFi.
@TermMax $TMX #TermMax
$CLO
$ETH
$RED
#termmax @TermMax
A GT (Gearing Token) is an NFT that represents a leveraged position with its related collateral and debt information recorded on chain.
What I find interesting is the way TermMax uses it to simplify leverage.
Instead of manually repeating the same collateral and borrow steps several times the whitepaper says users can mint a GT in a single transaction to reach their target leverage with significantly lower gas costs.
So the NFT here isn’t just a collectible sitting in a wallet.
It’s being used as a container for an actual leveraged position.
That’s a pretty different way to think about NFTs in DeFi.
@TermMax $TMX #TermMax
$CLO
$ETH
$RED
#termmax @TermMax