#termmax @TermMax The assumption is that borrower collateral is locked in an immutable state until debt settlement occurs.
TermMax implements FT, XT, and GT. FT acts as the maturity-redeemable token. XT represents the interest obligation. GT is an ERC-721 token tracking the borrower's debt and collateral state. Range-order pricing curves govern order execution, and FT is tradable on the open market prior to maturity.
That made me look at it differently.
The pricing of FT on the curve shifts dynamically as the remaining time-to-maturity decreases.
How secondary FT trading volume and curve liquidity react during rapid collateral price fluctuations across external venues is still untested at scale.
#TermMax @TermMax
TermMax implements FT, XT, and GT. FT acts as the maturity-redeemable token. XT represents the interest obligation. GT is an ERC-721 token tracking the borrower's debt and collateral state. Range-order pricing curves govern order execution, and FT is tradable on the open market prior to maturity.
That made me look at it differently.
The pricing of FT on the curve shifts dynamically as the remaining time-to-maturity decreases.
How secondary FT trading volume and curve liquidity react during rapid collateral price fluctuations across external venues is still untested at scale.
#TermMax @TermMax