Are you know about it.
Stumbled on TermMax and their approach just makes sense: lock the rate, lock the term, know your PnL from block one.
How it works:
Lenders -> get FT, your bond receipt. Redeem for principal + fixed yield at maturity.
Borrowers -> get GT, an NFT that IS your loan. Collateral, debt, maturity date all in one.
Vaults -> curators manage them, put idle funds to work elsewhere so capital isn't sitting dead.
Plus they have one-click looping/leverage and XT if you want to trade the time decay itself.
Honestly, DeFi needs this. Institutions won't park size in a market where they can't model cost of capital for next week. Fixed rate is how TradFi solved this 300 years ago.
The only risk? Liquidity. Fixed rate markets die without deep orderbooks. If TermMax can solve that with their AMM curve design, this becomes default.
Worth watching.
#termmax @TermMax
Stumbled on TermMax and their approach just makes sense: lock the rate, lock the term, know your PnL from block one.
How it works:
Lenders -> get FT, your bond receipt. Redeem for principal + fixed yield at maturity.
Borrowers -> get GT, an NFT that IS your loan. Collateral, debt, maturity date all in one.
Vaults -> curators manage them, put idle funds to work elsewhere so capital isn't sitting dead.
Plus they have one-click looping/leverage and XT if you want to trade the time decay itself.
Honestly, DeFi needs this. Institutions won't park size in a market where they can't model cost of capital for next week. Fixed rate is how TradFi solved this 300 years ago.
The only risk? Liquidity. Fixed rate markets die without deep orderbooks. If TermMax can solve that with their AMM curve design, this becomes default.
Worth watching.
#termmax @TermMax