The fixed-income layer of DeFi DeFi built billion-dollar liquidity markets but never solved the core financing problem: predictable borrowing costs. Protocols like @aave, @MorphoLabs, and @compoundfinance use floating rates, which distort leverage and risk planning. @TermMaxFi introduces an on-chain fixed-rate borrowing and leverage layer, built on a three-token model (FT, XT, GT) and AMM-based matching. In short: DeFi mastered floating yield. TermMax is building the infrastructure for cost-locked credit, turning DeFi into a true capital market. Borrowers lock in rates until maturity; lenders earn fixed returns through tokenized bonds (FTs). This design modularizes yield, risk, and leverage: • FT – zero-coupon-style fixed-yield token • GT – NFT representing debt and collateral The result: composable fixed-income markets where strategies are reproducible and capital costs are known upfront. Beyond borrowing, TermMax integrates with @pendle_fi PT markets (eUSDe, wstETH, USDC, etc.), turning idle PT positions into fixed-rate collateral and creating triple-yield loops, native yield + borrowing spread + XP rewards. Backed by Cumberland (DRW), HashKey, Decimal, and LongLing, @TermMaxFi positions itself as the fixed-income layer of DeFi; bridging yield trading, structured leverage, and institutional borrowing under one model.