#TermMax @TermMax
TermMax has a fixed-term loan where the debt can stay fixed while the position changes hands before maturity.
That sounds contradictory until you look at the GT.
The GT represents the leveraged position — collateral, debt and maturity. Smart Unwind lets the holder set a target APR or price, so once that condition is reached, another participant can take over the position.
Take a simple example: a leveraged ETH position reaches its unwind condition before maturity. The original holder can exit without waiting for the loan to expire, while the underlying debt obligation continues with the position.
That’s more than an “early exit.”
It means the obligation can remain in place while the person carrying the position changes.
But there’s a catch that’s easy to miss: making a position transferable doesn’t automatically make it liquid.
If the unwind condition hits during a sharp market move, TermMax can facilitate the handoff — but someone still has to want the collateral, debt and remaining maturity.
So I’m more interested in the second question than the first:
When everyone wants an exit at the same time, who wants to be the buyer?
#TermMax $RE
TermMax has a fixed-term loan where the debt can stay fixed while the position changes hands before maturity.
That sounds contradictory until you look at the GT.
The GT represents the leveraged position — collateral, debt and maturity. Smart Unwind lets the holder set a target APR or price, so once that condition is reached, another participant can take over the position.
Take a simple example: a leveraged ETH position reaches its unwind condition before maturity. The original holder can exit without waiting for the loan to expire, while the underlying debt obligation continues with the position.
That’s more than an “early exit.”
It means the obligation can remain in place while the person carrying the position changes.
But there’s a catch that’s easy to miss: making a position transferable doesn’t automatically make it liquid.
If the unwind condition hits during a sharp market move, TermMax can facilitate the handoff — but someone still has to want the collateral, debt and remaining maturity.
So I’m more interested in the second question than the first:
When everyone wants an exit at the same time, who wants to be the buyer?
#TermMax $RE