<p>Term Structure has announced the launch of TermMax. This is the first protocol in the DeFi space that perfectly combines fixed-rate lending with leverage strategies (also known as DeFi loops), aiming to simplify complex yield strategies and make each transaction more efficient and seamless.</p><p>The core innovative features of TermMax include yield certainty and a customized AMM rate range order book. Borrowing costs are predictable, and yields are guaranteed. Market makers can flexibly provide range interest rate quotes based on specific market risks, asset types, and term preferences, supporting selective one-way market making for either deposits or loans.</p><p>TermMax offers multi-term and diversified possibilities, addressing the pain points of DeFi leveraged yield strategies, simplifying operational processes, and reducing technical barriers and transaction costs. Users can flexibly lend and borrow assets under fixed terms and fixed rates, manage yield long and short positions, and leverage yield strategies.</p><p>The platform integrates PT tokens and other yield-bearing tokens provided by Pendle Finance as collateral, aiming for higher and more sustainable yields. Through market demand-driven fixed maturity yield lending, TermMax establishes yield curves for each token pair, enhancing market depth and liquidity.</p>

<div><div>Term Structure announces the launch of TermMax. This is the first protocol in the DeFi space that perfectly combines fixed-rate lending with leveraged strategies (also known as DeFi loops), aimed at simplifying complex yield strategies to make each transaction more efficient and seamless.</div><div> </div><div>Core Innovative Features of TermMax</div><div> </div><div>TermMax has two core innovative features that will unlock more yield strategy possibilities for DeFi users:</div><div>1.<span> </span>Yield Certainty: Borrowing costs are predictable, while yields are also guaranteed.</div><div>2.<span> </span>Customized AMM Interest Rate Order Book:</div><div>In addition to pricing based on a customized version of the Uniswap V3 AMM model, market makers can flexibly offer interest rate quotes that better meet strategy requirements based on specific market risks, asset types, and term preferences. It breaks through the limitations of traditional AMM model curves and also supports selective one-way market making for either deposits or loans only.</div><div> </div><div>From leveraged yield strategies to fixed-rate financing, investment, and interest rate hedging, TermMax provides a variety of multi-term possibilities, offering a one-stop solution for your trading needs.</div><div> </div><div>Why Choose TermMax? Addressing the Pain Points of DeFi Leveraged Yield Strategies</div><div> </div><div>On other platforms, leveraged yield strategies often require operations across multiple protocols, which can be cumbersome and require technical knowledge. Users also have to bear the uncertainties and high transaction costs associated with floating rates, making it particularly inaccessible for smaller users.</div><div> </div><div>Expanding the Diverse Possibilities of DeFi Financial Operations</div><div> </div><div>To create a more user-friendly fixed income market, we offer comprehensive financial management tools, including:</div><div>•<span> </span>Lending and borrowing of assets: Users can flexibly lend and borrow assets under fixed terms and fixed rates.
•<span> </span>Management of long and short positions: Investors can establish long and short positions to achieve speculative or hedging goals against market interest rate fluctuations.
•<span> </span>Leveraged yield strategies: By leveraging investments in yield-generating tokens, achieve higher returns and more efficient capital utilization.</div><div> </div><div>TermMax integrates these functions into a fully decentralized lending market, creating borrowing conditions with fixed maturities and fixed rates to meet the strategic needs of various users, achieving higher asset efficiency in the DeFi environment.</div><div> </div><div>Utilizing Fixed Income Tokens for Higher and More Stable Returns</div><div> </div><div>We utilize PT tokens and other yield-bearing tokens provided by Pendle Finance as collateral to pursue higher and more sustainable yields. By integrating these tokens into the platform, we can achieve:</div><div>1.<span> </span>Return Amplification: Leverage methods to amplify yields under transparent and controllable risk conditions.
2.<span> </span>Diverse Collateral: Support a broader range of assets as collateral, including yield-bearing tokens and real-world asset tokens (RWA), thereby increasing investment opportunities and capital efficiency.</div><div> </div><div>Building the Foundation of Yield Curves</div><div> </div><div>Through market demand-driven various fixed maturity yield lending, TermMax will gradually establish yield curves for each token pair. These term structures will become core standards for the fixed income market, laying the pricing foundation for more advanced financial instruments and derivatives in the future.</div><div>1.<span> </span>Market Standardization: Clear and accessible yield curves will serve as reference benchmarks for market pricing and valuation.
2.<span> </span>Enhancement of Market Depth: Well-developed yield curves will attract more participants and diversified strategy orders into the market, thereby enhancing liquidity and stability.</div><div> </div></div>

Term Structure has launched TermMax: making yield strategies simpler and more efficient for achieving fixed-term returns.