#termmax Few people pay attention to one interesting feature @TermMax —the separation of a position into Principal Token (PT) and Yield Token (YT). This makes it possible to effectively separate the underlying asset’s base value from its future yield. In other words, a user can obtain exposure specifically to yield without necessarily buying the entire underlying asset.
I like this concept because it turns future yield into a separate instrument that you can work with and build various DeFi strategies around. In my opinion, it is exactly these kinds of mechanisms that make TermMax more interesting than a typical lending protocol.
I like this concept because it turns future yield into a separate instrument that you can work with and build various DeFi strategies around. In my opinion, it is exactly these kinds of mechanisms that make TermMax more interesting than a typical lending protocol.