The first thing I noticed today was my FT-USDC position on TermMax sitting "active" hours past its maturity timestamp. Wallet empty. Refreshed twice.
Blamed the dashboard. Figured it was lagging behind the chain.
Wasn't that.
Maturity just means the clock ran out, not that you got paid. If the borrower doesn't repay, the loan gets flagged and liquidators get a 2-hour window to swap that collateral into USDC.
Nobody took mine, apparently. Window closed, physical delivery kicked in, and I ende...