#termmax @TermMax
The part of TermMax I find interesting
A lender on TermMax can place a limit order for a fixed rate, but the money doesn’t necessarily sit there doing nothing while waiting for a match.
Before matching, USDC can earn Morpho’s base yield. Once a borrower matches the order, it switches into the agreed fixed-rate structure.
So I see it as two stages: floating yield while waiting, fixed yield after matching.
That small detail makes TermMax’s lending model much easier to understand.
The part of TermMax I find interesting
A lender on TermMax can place a limit order for a fixed rate, but the money doesn’t necessarily sit there doing nothing while waiting for a match.
Before matching, USDC can earn Morpho’s base yield. Once a borrower matches the order, it switches into the agreed fixed-rate structure.
So I see it as two stages: floating yield while waiting, fixed yield after matching.
That small detail makes TermMax’s lending model much easier to understand.