There’s one question I almost always ask when I see a fixed yield:
What if I need the money earlier than maturity?
Because 10% annual looks great—right up until the moment you suddenly need liquidity 😅
In @TermMax FT, this isn’t just a deposit you necessarily have to hold to the last day. FT can be sold on the market before maturity.
But there’s an important nuance here:
exiting early ≠ getting guaranteed returns at the yield you saw when you entered.
The price of FT before maturity depends on the market. Rates have changed, liquidity is worse, there are fewer buyers—so the exit price can also change.
So I’d think about fixed yield like this:
hold to maturity → the result is much more predictable
might need to exit early → I’m already accounting for liquidity
For me, that matters more than an extra 1–2% APY.
Would you agree to a lower rate for a market where it’s easier to exit earlier? 👀
@TermMax #TermMax
What if I need the money earlier than maturity?
Because 10% annual looks great—right up until the moment you suddenly need liquidity 😅
In @TermMax FT, this isn’t just a deposit you necessarily have to hold to the last day. FT can be sold on the market before maturity.
But there’s an important nuance here:
exiting early ≠ getting guaranteed returns at the yield you saw when you entered.
The price of FT before maturity depends on the market. Rates have changed, liquidity is worse, there are fewer buyers—so the exit price can also change.
So I’d think about fixed yield like this:
hold to maturity → the result is much more predictable
might need to exit early → I’m already accounting for liquidity
For me, that matters more than an extra 1–2% APY.
Would you agree to a lower rate for a market where it’s easier to exit earlier? 👀
@TermMax #TermMax