I kept going to one part of @TermMax borrowing model that I found really interesting: having a fixed borrowing rate does not mean you have to pay the same amount back every time.

At first borrowing with a fixed rate seems easy to understand. You know how much you have to pay from the start so you can plan for it of wondering what might happen with a rate that can change. But @TermMax does something before the loan is due people who borrow money can buy Fixed-Rate Tokens from the market and use them to pay back the debt.

This makes a difference between the rate you agree to pay and the actual cost of paying back the debt.

If the market is good you might be able to buy Fixed-Rate Tokens for money than you owe and then use them to pay back the debt. If the market is bad the fixed rate you agreed to means you know the maximum amount you have to pay back.

So having a fixed rate is not about knowing what will happen. It is also about being able to choose how you pay back the debt.

This part of @TermMax is more interesting to me than comparing fixed and changing rates. The real question is can using tokens for debt give people a way to know what they are getting into at first and also have options, on.

That is what I am paying attention to: can being able to pay back debt in ways become a big advantage as TermMax's market gets bigger and better?
#termmax @TermMax