@TermMax Three-token system – the technological heart of TermMax
TermMax builds a fixed-interest-rate foundation based on a unique three-token system: FT (Fixed-rate Token), XT (Yield Token), and GT (Gearing Token). This is a refined combination of traditional finance and blockchain technology.
FT works like a zero-coupon bond. Lenders purchase FT at a discounted price and, in return, receive the face value at maturity—locking in a fixed profit level from the very beginning. XT is the corresponding counterpart, ensuring the important equation: 1 FT + 1 XT = 1 Debt Token at all times. Thanks to this, value within the system is always preserved, without arbitrary creation or loss.
GT is an NFT (ERC-721) that contains all leverage position information: collateral asset quantity, debt, leverage ratio, maturity date, and risk parameters. When users want to use leverage, they only need to mint GT once. The entire process—borrowing, buying income-generating assets, and managing the position—is encapsulated in a single token. This completely eliminates the complicated traditional transaction chain across multiple protocols.
The three-token system allows @TermMax @TermMax to provide truly fixed interest rates in a decentralized environment, while maintaining high flexibility. Users can trade FT in the secondary market to exit early, while GT makes position management easier than ever. This is the technological foundation that helps TermMax solve the problem of interest-rate uncertainty and the complexity of today’s DeFi.
#termMax
TermMax builds a fixed-interest-rate foundation based on a unique three-token system: FT (Fixed-rate Token), XT (Yield Token), and GT (Gearing Token). This is a refined combination of traditional finance and blockchain technology.
FT works like a zero-coupon bond. Lenders purchase FT at a discounted price and, in return, receive the face value at maturity—locking in a fixed profit level from the very beginning. XT is the corresponding counterpart, ensuring the important equation: 1 FT + 1 XT = 1 Debt Token at all times. Thanks to this, value within the system is always preserved, without arbitrary creation or loss.
GT is an NFT (ERC-721) that contains all leverage position information: collateral asset quantity, debt, leverage ratio, maturity date, and risk parameters. When users want to use leverage, they only need to mint GT once. The entire process—borrowing, buying income-generating assets, and managing the position—is encapsulated in a single token. This completely eliminates the complicated traditional transaction chain across multiple protocols.
The three-token system allows @TermMax @TermMax to provide truly fixed interest rates in a decentralized environment, while maintaining high flexibility. Users can trade FT in the secondary market to exit early, while GT makes position management easier than ever. This is the technological foundation that helps TermMax solve the problem of interest-rate uncertainty and the complexity of today’s DeFi.
#termMax