> For the complete documentation index, see [llms.txt](https://mortonn.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://mortonn.gitbook.io/whitepaper/3.-mortonn-bond-lending-information/c.-54-mor-portfolio.md).

# C. 54 Mor Portfolio

One drawback of fixed Mor compared to other on-chain lending target assets is that they are not permanent. To maintain a specific position indefinitely, borrowers or traders dealing with loans must periodically roll over the position, selling expired BondMor and purchasing longer-term Mor.

 

As many users may be interested in such a strategy, especially for loans, they may be able to pool their assets together and execute on-chain. A full description of such a system is beyond the scope of this article, but it could be implemented as a set token \[14] or balancer pool \[13] that maintains a rebalancing basket of financial Mor. Some strategies a portfolio might use include:

 

● Holding only fixed tokens maturing at the end of the current quarter and rolling them over on the maturity date.

● Targeting a specific term (average time to maturity) and periodically rebalancing its portfolio, changing the weight of each asset to maintain that term.

● Seeking the highest yielding term without regard to the term itself.

 

These approaches have the beneficial side effect of providing liquidity for these BondMor.