#termmax @TermMax TermMax is making me look at fixed-term markets differently. 👀
✓ FT can be traded before maturity ✓ XT and GT define different parts of the TermMax mechanism ✓ Range-order pricing curves shape how pricing works ✓ Time-to-maturity becomes part of the pricing as maturity approaches ⏳
That made me look at it differently.
The interesting part is not just the mechanism itself, but how these pieces behave when actual market conditions change.
No assumptions about the outcome — I want to see how the design behaves in practice. 🔍
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