I think too much attention in DeFi is paid to the entry moment.

What asset should I buy?

What rate should I get?

How much leverage should I take?

But there’s another question—one that’s often much more important:

What will happen when I want to exit?

That’s why liquidity infrastructure matters so much.

Creating a position is only half the job.

It’s much more interesting when an already created position can be transformed back into tradeable liquidity.

At TermMax, this direction is called Smart Unwind.

And the name itself very well conveys the idea.

A financial position shouldn’t be a dead end.

It should have a path back to liquidity.

For me, this is one of the most important criteria of good financial infrastructure:

not only how easy it is to create a position,

but how flexibly it can be managed after it’s created.

Because real liquidity—

isn’t just the ability to enter.

It’s the ability to exit without destroying the entire structure.

#termmax @TermMax