🔥Pool

A Pool represents a unique combination of a Market and a Range Order. Users interact with the TermMax protocol by selecting a specific Pool to:

• Borrow

• Lend

• Leverage

Key characteristics:

• Market and Range Order Pairing: Each Pool is uniquely associated with Market and Range Order.

• Multiple Range Orders as Multiple Pools in One Market: A single Market can contain multiple Range Orders, each corresponding to a different pricing curve and therefore offering a distinct interest rate price.

Example:

Consider the PT-sUSDe-27Dec2024/USDC Market. If this Market has four Range Orders:

• 1 Borrowing Range Order

• 2 Lending Range Orders

• 1 Two-Way Range Order

Then, there will be one PT-sUSDe-27Dec2024/USDC market and four corresponding Range Orders, which mean there are four Pools for this market.

• A lender can interact with this Pool associated with the Borrowing Range Order or the Two-Way Range Order.

A borrower or a leverager can choose to interact with either the Lending Range Orders or the Two-Way Range Order.