I believe that despite all the innovations in DeFi, we are still missing one crucial product: A robust money market, particularly for fixed-rate borrowing. Consider these pain points due to volatility of borrowing rates: ▸ The fluctuating costs of floating-rate loans ▸ Increased liquidation risks and limited flexibility ▸ Challenges in planning sophisticated strategies ▸ Complexity and unpredictability in ensuring profitability When I discovered @TermMaxFi, I felt it was the solution DeFi power user and institution have been waiting for. TermMax is the first protocol that offering a full-fledged fixed-rate borrowing market which allow borrowers to lock in their interest rates from the start until maturity. But how? In a nutshell TermMax works by 3-tokens approach (check graphics for more details): ▸ FT / Fixed-rate Token (held by Lenders) → Zero-coupon bond-like token → Redeemable for principal + interest at maturity ▸ GT / Gearing Token (held by Borrowers) → Redeem collateral after repayment by burning GT This design streamlines the leveraging process through token trading via custom AMMs, making leverage accessible, efficient, and predictable. It's important to note that TermMax doesn't replace existing lending or fixed-rate protocols like @MorphoLabs, @aave, or @pendle_fi; instead, it synergizes with them. But we'll discuss this further in the future. So, stay tuned!