I've been digging into TermMax's fixed-rate system, and the mechanics are straightforward once you run the numbers yourself.
Say I lock 1 ETH, worth $1,000, into a GT — an NFT that wraps my collateral and debt into one position. At an 80% loan-to-value cap, I can mint up to 800 FTs. I sell them at a discount, $0.80 each, and get $640 USDC in hand immediately. At maturity, I repay 800 USDC and get my ETH back. That's it.
The token math: 1 FT + 1 XT = 1 debt token. Always. FT is a zero-coupon bo...
#TermMax is an interesting project focused on bringing more predictability to DeFi through fixed rate borrowing, lending, and structured on chain markets.
@termmax is working toward a more transparent and flexible financial experience, helping users better understand and manage rate exposure instead of relying entirely on constantly changing variable rates.
I’m looking forward to seeing how TermMax continues to develop its products, ecosystem, and real.world DeFi use cases. #TermMax