I thought a fixed-rate position was an agreement in principle: open, lock in the terms, and simply wait for maturity.
But in TermMax V2 there’s a mechanism that changes this logic — Smart Unwind.
The gist is simple: the position can be pre-configured for an early exit based on a certain APR or price.
When the market reaches the specified condition, another participant can take over the position.
For the first user, it’s an opportunity to get their capital back earlier. For a new one, it’s a chance to receive an already formed fixed-rate position under specific conditions.
I like this particular moment: maturity no longer looks like an endpoint for every participant.
Capital can move on, and the position itself can continue to work in the system.
In my view, Smart Unwind adds to fixed-rate lending what it often lacks — a flexible exit without breaking the position structure.
#termmax @TermMax
But in TermMax V2 there’s a mechanism that changes this logic — Smart Unwind.
The gist is simple: the position can be pre-configured for an early exit based on a certain APR or price.
When the market reaches the specified condition, another participant can take over the position.
For the first user, it’s an opportunity to get their capital back earlier. For a new one, it’s a chance to receive an already formed fixed-rate position under specific conditions.
I like this particular moment: maturity no longer looks like an endpoint for every participant.
Capital can move on, and the position itself can continue to work in the system.
In my view, Smart Unwind adds to fixed-rate lending what it often lacks — a flexible exit without breaking the position structure.
#termmax @TermMax
