While I was studying @TermMax , the thing that interested me the most was GT (Gearing Tokens) 🕵🏻
In short, GT is a token that represents an already prepared position with leverage. Usually, in DeFi, this requires several actions: taking a loan, buying an asset, using it again as collateral, and repeating the cycle multiple times.
In TermMax, this process is automated.
When a user buys GT, the protocol automatically creates the position through a fixed lending mechanism and an internal leverage system. As a result, instead of several transactions, the user gets a single position where the collateral amount, debt, leverage, and potential profitability are already visible.
💡 Another interesting point: the borrowing cost is fixed until the repayment date. That means there’s no situation where the strategy was calculated for one rate, and after a week the terms completely changed.
I won’t say this makes DeFi simple for beginners.
But it definitely makes complex strategies less cumbersome for those who already use lending protocols. ☝️
#termmax @TermMax
In short, GT is a token that represents an already prepared position with leverage. Usually, in DeFi, this requires several actions: taking a loan, buying an asset, using it again as collateral, and repeating the cycle multiple times.
In TermMax, this process is automated.
When a user buys GT, the protocol automatically creates the position through a fixed lending mechanism and an internal leverage system. As a result, instead of several transactions, the user gets a single position where the collateral amount, debt, leverage, and potential profitability are already visible.
💡 Another interesting point: the borrowing cost is fixed until the repayment date. That means there’s no situation where the strategy was calculated for one rate, and after a week the terms completely changed.
I won’t say this makes DeFi simple for beginners.
But it definitely makes complex strategies less cumbersome for those who already use lending protocols. ☝️
#termmax @TermMax
