#TermMax @TermMax
One easy way to understand interest rates is with mangoes 😂
Imagine a mango seller who keeps the same price every day. You know what you’re going to pay. But if he changes the price every few hours, it gets hard to plan because you never know what it’ll cost next.
That’s what caught my attention about @TermMax. The rate is fixed when you enter, so you know what you’re paying or earning instead of guessing what happens later.
You can also use options if you want to protect yourself from price changes.
Pretty simple idea tbh. Surprised we didn’t see more of this in DeFi earlier. #TermMax
One easy way to understand interest rates is with mangoes 😂
Imagine a mango seller who keeps the same price every day. You know what you’re going to pay. But if he changes the price every few hours, it gets hard to plan because you never know what it’ll cost next.
That’s what caught my attention about @TermMax. The rate is fixed when you enter, so you know what you’re paying or earning instead of guessing what happens later.
You can also use options if you want to protect yourself from price changes.
Pretty simple idea tbh. Surprised we didn’t see more of this in DeFi earlier. #TermMax
