# FixedRate

TermMax isn't selling you yields, it's asking you this: when does this position end?
I came across @TermMaxFi's user profile voting poll today. Most people were choosing A, B, or D. But I thought of a more fundamental question — many people didn't choose wrong, they've just never thought about when this position should end.
1、TermMax's real question isn't who you are, it's whether you wrote an expiration answer before placing your trade?
A Chase APY
B Play leverage
C Hold passively
D Structured strategy
My first instinct wasn't to pick D. What I thought about was how I've never written down wh