#termmax @TermMax
*In short: TermMax divides the debt into 3 tokens* 👇
1. *FT* = *Principal*
You buy it at a discount. Example: 0.95$ then redeem it 1$ at maturity = fixed profit
2. *XT* = *Interest*
Its price changes over time. Variable profit and higher risk
3. *GT* = *Loan receipt*
The NFT represents your debt. You can sell or transfer it
*Rule*: 1 USDC = 1 FT + 1 XT
*In short: TermMax divides the debt into 3 tokens* 👇
1. *FT* = *Principal*
You buy it at a discount. Example: 0.95$ then redeem it 1$ at maturity = fixed profit
2. *XT* = *Interest*
Its price changes over time. Variable profit and higher risk
3. *GT* = *Loan receipt*
The NFT represents your debt. You can sell or transfer it
*Rule*: 1 USDC = 1 FT + 1 XT