I kept coming back to one ugly detail in TermMax V1: the rate could be fixed, but finding the best fill was still manual.
Curator range orders lived in one place. Individual limit orders from lenders and borrowers lived in another. If I wanted the best execution, I had to mentally merge those sources and take liquidity one piece at a time.
That creates a strange consequence. I can know my borrowing cost in advance and still accept a worse rate simply because the usable liquidity is scattered across different order types.
TermMax V2 moves that burden into the execution path. Available curator ranges and individual limit orders are pulled into one quote, then I sign once for a single transaction. The important part for me is not fewer clicks. It is that I no longer have to act like the order router just to discover what the market can actually offer.
For larger positions, that distinction gets expensive fast. A fixed rate is only as useful as the execution path used to reach it.
If liquidity keeps arriving through different order types, routing quality becomes part of the rate itself.
#TermMax @TermMax
Curator range orders lived in one place. Individual limit orders from lenders and borrowers lived in another. If I wanted the best execution, I had to mentally merge those sources and take liquidity one piece at a time.
That creates a strange consequence. I can know my borrowing cost in advance and still accept a worse rate simply because the usable liquidity is scattered across different order types.
TermMax V2 moves that burden into the execution path. Available curator ranges and individual limit orders are pulled into one quote, then I sign once for a single transaction. The important part for me is not fewer clicks. It is that I no longer have to act like the order router just to discover what the market can actually offer.
For larger positions, that distinction gets expensive fast. A fixed rate is only as useful as the execution path used to reach it.
If liquidity keeps arriving through different order types, routing quality becomes part of the rate itself.
#TermMax @TermMax