#termmax
A normal DeFi loan bundles collateral, debt, interest and maturity into one position. Curators like MEV Capital and Keyrock can manage ERC-4626 vaults across different term markets Traditional finance solved this centuries ago with bonds. Not "estimated APY." Not "up to." Locked.The borrower gets certainty about the maturity obligation, yet that certainty is tied to a market where the corresponding FTs can trade at different prices before maturity.It's whether tokenizing the obligation creates a better way to manage the uncertainty that remains around it? FT is a zero coupon bond. It pays exactly 1 USDC at maturity.Say someone opens a leveraged ETH position through a GT and sets Smart Unwind at 20% APR.
@TermMax #TermMax
A normal DeFi loan bundles collateral, debt, interest and maturity into one position. Curators like MEV Capital and Keyrock can manage ERC-4626 vaults across different term markets Traditional finance solved this centuries ago with bonds. Not "estimated APY." Not "up to." Locked.The borrower gets certainty about the maturity obligation, yet that certainty is tied to a market where the corresponding FTs can trade at different prices before maturity.It's whether tokenizing the obligation creates a better way to manage the uncertainty that remains around it? FT is a zero coupon bond. It pays exactly 1 USDC at maturity.Say someone opens a leveraged ETH position through a GT and sets Smart Unwind at 20% APR.
@TermMax #TermMax
