Sometimes closing a debt via FT is more profitable than simply returning USDC

Paying off a debt ≠ always the most advantageous way to close a position

In TermMax, there are two ways to close a position: repay the debt token or buy FT on the market and use it to settle the debt. In TermMax’s official test, closing via the UI returned 19.582235 USDC, while via FT it returned 19.953206 USDC—i.e., the difference was +1.89%.

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