Your TermMax loan can tie up capital before it creates debt.

On @TermMaxFi V2, placing a borrow limit order locks collateral into a GT. The order can still sit at 0% filled while that collateral is already parked.

That’s the part most borrowers miss: zero fill isn’t zero cost. The debt may not be live yet, but the capital is no longer free to move elsewhere.

The real cost has three parts: the fixed rate, the wait, and the opportunity cost of parked collateral. In a thin book, getting cute with the rate can save bps and burn days.

Partial fills make it even messier. You can end up funded just enough to be annoying, while the rest of your collateral keeps waiting for the market to come to you.

V2 gets one thing very right: it makes that wait visible. Limit orders across every market give borrowers pricing power, while the dashboard separates open orders from live positions.

Fixed-rate debt prices money after the fill. Borrow limit orders price patience before it.

Would you shave 100 bps and park collateral for 72 hours, or pay up and get funded now?