Question 1

What is TermMax?

Accepted Answer

TermMax is a fixed-rate lending/borrowing/looping platform. Lenders can lend to borrowers in isolated markets at a fixed rate and vice versa. Additionally, people can earn a variable rate by depositing into vaults on TermMax, which Curators manage.

Question 2

As a borrower, what's the difference between Aave and TermMax?

Accepted Answer

TermMax offers three key advantages for borrowers: (1) Exotic Collaterals - You can use exotic assets as collateral thanks to the isolated market design on TermMax. (2) Fixed Rate - You don't need to monitor the interest rate, as it remains constant when a position is created. (3) One-Click Looping - You can enter a looping position at a fixed rate with just one click, using a debt asset like USDC/ETH.

Question 3

As a lender, what's the difference between Aave and TermMax?

Accepted Answer

TermMax provides lenders with: (1) Limited Exposure - Each market is isolated, so your asset will only be exposed to the collateral in that market. (2) Physical Delivery - If there is no liquidity to liquidate collateral, the lenders will receive the borrowers' collateral instead.

Question 4

As an asset manager, why should you consider creating a vault on TermMax?

Accepted Answer

Asset managers benefit from: (1) Base Yield - You can set a base yield for your vault, where the deposited assets will earn interest when waiting to be matched. (2) Atomic Orders - You can use the same liquidity across multiple markets simultaneously, thereby increasing capital efficiency. (3) Cross Platforms - For those who are already running a vault on another platform, you can use the same capital on both platforms.

Question 5

Is TermMax secure and audited?

Accepted Answer

Yes, the protocol has undergone numerous rounds of audit. We also set a bug bounty on Immunefi for those who want to report potential issues. TermMax employs Hypernative's 24/7 on-chain monitoring system to detect and alert suspicious activities in real-time. The protocol achieved an exceptional 93% DeFi Security Score — matching Aave V3's industry-leading rating. Our domain name and frontend infrastructure are fortified with security best practices to ensure comprehensive protection. Please refer to our docs site for complete security details.

Question 6

Do I need to repay before the maturity date?

Accepted Answer

Yes, as a borrower, you MUST repay your debt before maturity since lenders expect to receive their fixed income after maturity. If not, a liquidator will liquidate your position, and the proceeds will go to you, the lenders, the liquidator, and TermMax.

Question 7

What are XPs?

Accepted Answer

XPs are TermMax's reward system that determines your share of the airdrop at TGE. Check the Leaderboard for the latest quests, XP multiplier updates, and your current XP balance.

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TermMax Features

Fixed Borrowing Cost

One-Click Leverage

Vault Earnings

Curator Tool

Spread Capture

Performance Fees

Safe Governance

Upcoming Features

Composable Base Yield

Atomic Orders

Smart Unwind

Order Aggregator

Security

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Bounty Program

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Audit Reports

Security Score: 93%

Timelock Protection

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