I think TermMax often overlooks one important thing.
A fixed rate doesn’t just mean “the rate doesn’t change.”
Each Market also has a specific maturity date.
So the borrower understands not only the interest rate, but also the time frame of the obligation in advance. In the TermMax model, Max LTV and Liquidation LTV are also used—moreover, Max LTV includes an additional buffer relative to the liquidation level.
This results in a much more structured market:
rate → term → collateral → LTV → exit conditions.
And that’s what seems stronger to me than a standard APY display.
You’re not just looking at a percentage.
You’re looking at the full deal structure.
@TermMax #TermMax
A fixed rate doesn’t just mean “the rate doesn’t change.”
Each Market also has a specific maturity date.
So the borrower understands not only the interest rate, but also the time frame of the obligation in advance. In the TermMax model, Max LTV and Liquidation LTV are also used—moreover, Max LTV includes an additional buffer relative to the liquidation level.
This results in a much more structured market:
rate → term → collateral → LTV → exit conditions.
And that’s what seems stronger to me than a standard APY display.
You’re not just looking at a percentage.
You’re looking at the full deal structure.
@TermMax #TermMax