I used many DeFi lending platforms before and one thing always bothered me. The rate I see today can be totally different after few days.
So recently I started checking @TermMax
At first fixed rate didn't sound like anything special to me. But after understanding how it works, I actually like the idea.
You choose how long you want to lend or borrow and the rate is fixed for that time. So I already know what rate I'm getting before I put my money in.
I also found that TermMax V2 has limit orders. If I don't like the current rate, I can set the rate I want and wait. There are also different markets, curator liquidity and one-click leverage in the same app.
For me this is much easier to understand than chasing a new APY every few days.
Of course there is still risk. Fixed rate doesn't mean my money is magically safe.
But I like knowing the rate and the end date from the beginning.
That's mainly why I'm still exploring @TermMax
#TermMax
So recently I started checking @TermMax
At first fixed rate didn't sound like anything special to me. But after understanding how it works, I actually like the idea.
You choose how long you want to lend or borrow and the rate is fixed for that time. So I already know what rate I'm getting before I put my money in.
I also found that TermMax V2 has limit orders. If I don't like the current rate, I can set the rate I want and wait. There are also different markets, curator liquidity and one-click leverage in the same app.
For me this is much easier to understand than chasing a new APY every few days.
Of course there is still risk. Fixed rate doesn't mean my money is magically safe.
But I like knowing the rate and the end date from the beginning.
That's mainly why I'm still exploring @TermMax
#TermMax