@TermMax runs on 3 tokens:
1. FT — Fixed-rate Token FT can be thought of as a “discounted bond.” For example, there is an asset that is worth $100 at maturity. You buy the FT for $95. Then, at maturity: $95 → FT → redeemed for $100. Gross profit = $5. So, FT is primarily related to the value of the underlying asset at maturity.
2. XT — Interest Obligation Token XT represents the interest obligation associated with FT. A simple way to think of it is: FT = principal/asset XT = interest FT and XT work together to form the TermMax fixed-rate mechanism.
3. GT — Gearing Token GT is different because it's used for leveraged/debt positions. Imagine you want to take a leveraged position: Collateral → borrow → increase exposure → leveraged position. TermMax packages the position into GT, eliminating the need for multiple manual transactions. GT is also an NFT token that represents the debt position.
The simplest version: FT = principal → XT = interest → GT = leverage/debt. This is the tokenization component that helps TermMax.
#TermMax
1. FT — Fixed-rate Token FT can be thought of as a “discounted bond.” For example, there is an asset that is worth $100 at maturity. You buy the FT for $95. Then, at maturity: $95 → FT → redeemed for $100. Gross profit = $5. So, FT is primarily related to the value of the underlying asset at maturity.
2. XT — Interest Obligation Token XT represents the interest obligation associated with FT. A simple way to think of it is: FT = principal/asset XT = interest FT and XT work together to form the TermMax fixed-rate mechanism.
3. GT — Gearing Token GT is different because it's used for leveraged/debt positions. Imagine you want to take a leveraged position: Collateral → borrow → increase exposure → leveraged position. TermMax packages the position into GT, eliminating the need for multiple manual transactions. GT is also an NFT token that represents the debt position.
The simplest version: FT = principal → XT = interest → GT = leverage/debt. This is the tokenization component that helps TermMax.
#TermMax