#termmax
How Does the Interest Rate Actually Work in TermMax?
When people see:
Fixed Rate
they might think it's simply an APR that someone chose.
But TermMax's mechanism is more interesting.
Rates are formed through Range Orders.
A single market can contain multiple range orders, with different rate ranges depending on the amount being filled.
For example, an illustrative structure could look like:
$1.5M → 17% → 15%
$200K → 15% → 10%
$170K → 10% → ~7.5%
In other words, the rate can change as more liquidity is filled.
Think of it as a segmented pricing curve rather than a single fixed APR.
And this is where TermMax gets interesting.
It isn't simply offering a “fixed APY.”
It's creating a market for fixed-rate liquidity, with its own mechanism for price discovery.
For me, these details are what make TermMax fundamentally different from ordinary yield farming.@TermMax
How Does the Interest Rate Actually Work in TermMax?
When people see:
Fixed Rate
they might think it's simply an APR that someone chose.
But TermMax's mechanism is more interesting.
Rates are formed through Range Orders.
A single market can contain multiple range orders, with different rate ranges depending on the amount being filled.
For example, an illustrative structure could look like:
$1.5M → 17% → 15%
$200K → 15% → 10%
$170K → 10% → ~7.5%
In other words, the rate can change as more liquidity is filled.
Think of it as a segmented pricing curve rather than a single fixed APR.
And this is where TermMax gets interesting.
It isn't simply offering a “fixed APY.”
It's creating a market for fixed-rate liquidity, with its own mechanism for price discovery.
For me, these details are what make TermMax fundamentally different from ordinary yield farming.@TermMax