#termmax @TermMax
๐ฌ TermMax: 3 Tokens โ 1 Fixed Interest Mechanism
In case you havenโt known yet, TermMax is built around 3 main types of tokens:
๐น FT โ Fixed Term Token
You can think of it like a discounted bond: buy FT below par value and, upon maturity, FT can be exchanged 1:1 for the face value. The main difference is the fixed yield.
๐น GT โ Gearing Token
This is an NFT representing a debt position, recording the rights and obligations related to a loan.
๐น XT โ Interest Token
Represents the interest payment obligation that comes with FT, helping separate the interest portion from the debt.
๐ก A noteworthy aspect of the TermMax model is that interest rates are fixed and gradually decrease over time, rather than fluctuating continuously like many traditional lending markets.
๐ FT + GT + XT = a DeFi structure that separates capital, debt, and interest.
๐ฌ TermMax โ Fixed Rate. On-chain.
๐ฌ TermMax: 3 Tokens โ 1 Fixed Interest Mechanism
In case you havenโt known yet, TermMax is built around 3 main types of tokens:
๐น FT โ Fixed Term Token
You can think of it like a discounted bond: buy FT below par value and, upon maturity, FT can be exchanged 1:1 for the face value. The main difference is the fixed yield.
๐น GT โ Gearing Token
This is an NFT representing a debt position, recording the rights and obligations related to a loan.
๐น XT โ Interest Token
Represents the interest payment obligation that comes with FT, helping separate the interest portion from the debt.
๐ก A noteworthy aspect of the TermMax model is that interest rates are fixed and gradually decrease over time, rather than fluctuating continuously like many traditional lending markets.
๐ FT + GT + XT = a DeFi structure that separates capital, debt, and interest.
๐ฌ TermMax โ Fixed Rate. On-chain.