$TMX liquidity sits across markets before any term is chosen.
What changed for me was the atomic-order design in @TermMaxFi’s own V2 docs and whitepaper. Curators surface the same vault capital as virtual liquidity across several fixed-term markets at once; the moment a borrower takes it, that amount vanishes atomically from every other order. Unmatched capital does not sit idle—it auto-routes to floating-rate venues (Morpho, Aave, Venus) and keeps earning while it waits.
Fixed-term markets usually force capital to pick a maturity first, then idle until a match appears. Here the allocation decision is delayed until real demand shows up, and the waiting period itself stays productive. Volatility can shift which term looks attractive; the same pool is already present and still working.
What I keep watching is how cleanly the idle leg moves capital out of those Morpho-style pools and back into a live range order when rates move sharply.
#Termmax
@TermMax
What changed for me was the atomic-order design in @TermMaxFi’s own V2 docs and whitepaper. Curators surface the same vault capital as virtual liquidity across several fixed-term markets at once; the moment a borrower takes it, that amount vanishes atomically from every other order. Unmatched capital does not sit idle—it auto-routes to floating-rate venues (Morpho, Aave, Venus) and keeps earning while it waits.
Fixed-term markets usually force capital to pick a maturity first, then idle until a match appears. Here the allocation decision is delayed until real demand shows up, and the waiting period itself stays productive. Volatility can shift which term looks attractive; the same pool is already present and still working.
What I keep watching is how cleanly the idle leg moves capital out of those Morpho-style pools and back into a live range order when rates move sharply.
#Termmax
@TermMax