In the traditional DeFi leverage world, users face two major pain points: ❌ Interest rates fluctuate in real-time with the market, making costs unpredictable ❌ During extreme price volatility, liquidations can be triggered at any time, wiping out positions instantly Termmax @TermMaxFi is aiming to completely change this situation with a core philosophy summed up in just eight words: Fixed interest rates, no liquidation leverage. ■ Fixed Interest Rates By matching lenders and borrowers through AMM (Automated Market Maker), users can lock in borrowing rates or lending yields when opening a position. ① Interest rates remain unchanged regardless of how much capital utilization fluctuates later ② Say goodbye to the common issue in traditional protocols of "rate spikes → sudden health factor drops" ③ Ideal for users with long-term holding strategies or those needing predictable costs ■ No Liquidation Leverage Users pay a fixed cost upfront as the maximum loss cap. ① Even if the underlying asset's price crashes by 80%, 90%, or nearly to zero, forced liquidation won't be triggered ② The worst-case scenario is physical settlement at the agreed price upon maturity ③ Essentially, leverage shifts from "unlimited downside risk" to "limited, predictable maximum loss" ■ What does it truly change? ① From constant monitoring → to planning: No need to monitor health factors 24/7 ② From passive suffering → to active choice: Maximum loss is written into the contract at the time of opening a position, significantly reducing psychological burden ③ From short-term speculation → to long-term narrative: Allows users to hold onto favored assets or strategies with greater peace of mind