when's the last time you knew the exact rate on a DeFi loan before you hit confirm? Not around 8%. Not somewhere in that range. The actual number. I never did until I started TermMax.
On TermMax you don't dump money into a pool and hope. You place a range order think limit order but for interest rates. You set your price. The market decides if it wants it. Borrowing works like this: the first chunk fills at a slightly higher rate, then it gets cheaper as more gets matched. You know your worst case walking in not after.
Lending flips it.
Lower rate on the first bit, better rate as more fills. The more someone borrows from you, the better your average deal. Then there's the two-way order and this is the one that got me. You set a borrowing price and a lending price in the same order. Whichever side shows up, TermMax fills it and you pocket the spread between them. No picking a direction. No guessing where rates go next.
It's not foolproof. Set your curve wrong and you're leaving money on the table, same as any limit order anywhere start small and Watch your first order actually fill before you trust it with real size.

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