#termmax @TermMax
Trading Yield: The Secondary Market for Fixed-Income Tokens.

When you lock up capital in a traditional fixed deposit, your liquidity is gone until maturity. Term Structure fixes this problem for DeFi.

When you lend assets on the protocol, you receive fixed-income tokens in return. If you suddenly need liquidity or want to adjust your trading positions before the maturity date, you don't have to wait. You can trade these fixed-income tokens directly on their secondary orderbook market.

This opens up entirely new dimensions for crypto traders: you can actually trade interest rate fluctuations. If rates drop, the value of your higher-yield fixed-income tokens goes up, allowing you to sell them at a premium on the orderbook.