Anyone Who’s Used DeFi Knows The Stress: Rates Jump, And One Dip Can Liquidate You.
TermMax Fixes This With Fixed-Rate, Fixed-Term Borrowing. Like Bonds, But On-Chain.
How It Works:
1. FT: The Fixed-Rate Token
Works Like A Zero-Coupon Bond. Buy At Discount, Redeem 1 USDC At Maturity.
Example: Buy 1 FT For $0.80 → Redeem 1 USDC = 25% Return
2. 3-Token System
1 FT + 1 XT = 1 Debt Token Like USDC
FT = Fixed Rate. XT = Yield. Market Keeps Balance.
3. For Borrowers
Lock ETH In GT → Mint FTs Via MLTV → Sell For USDC
Example: 1 ETH $1,000, MLTV 0.8 → Mint 800 FTs → Sell At $0.80 = $640 Now. Owe 800 USDC Later.
4. At Maturity
Option 1: Repay 800 USDC
Option 2: Buy Back 800 FTs. Price May Vary.
5. Liquidation
If LLTV Breached Or Not Repaid, FT Holders Can Get Collateral Via Physical Delivery.
Bottom Line:
✅ Predictable Borrowing
✅ Predictable Returns
✅ Instant Liquidity
#termmax @TermMax
TermMax Fixes This With Fixed-Rate, Fixed-Term Borrowing. Like Bonds, But On-Chain.
How It Works:
1. FT: The Fixed-Rate Token
Works Like A Zero-Coupon Bond. Buy At Discount, Redeem 1 USDC At Maturity.
Example: Buy 1 FT For $0.80 → Redeem 1 USDC = 25% Return
2. 3-Token System
1 FT + 1 XT = 1 Debt Token Like USDC
FT = Fixed Rate. XT = Yield. Market Keeps Balance.
3. For Borrowers
Lock ETH In GT → Mint FTs Via MLTV → Sell For USDC
Example: 1 ETH $1,000, MLTV 0.8 → Mint 800 FTs → Sell At $0.80 = $640 Now. Owe 800 USDC Later.
4. At Maturity
Option 1: Repay 800 USDC
Option 2: Buy Back 800 FTs. Price May Vary.
5. Liquidation
If LLTV Breached Or Not Repaid, FT Holders Can Get Collateral Via Physical Delivery.
Bottom Line:
✅ Predictable Borrowing
✅ Predictable Returns
✅ Instant Liquidity
#termmax @TermMax