what's Term Finance?
Term Finance is a decentralized finance (DeFi) protocol designed to enable fixed-rate lending and borrowing on blockchain networks. It addresses the volatility of variable rates in traditional DeFi by offering structured products like auctions, sheets, and vaults that lock in predictable yields for lenders and borrowers. Built on Ethereum and compatible chains, it leverages automated strategies to optimize capital efficiency and reduce exposure to market fluctuations. The protocol operates through mechanisms such as Term Auctions for competitive fixed-rate discovery, Blue Sheets for direct deposit-based earning without auctions, and Strategy Vaults integrated with platforms like Yearn Finance V3 for automated yield generation. Users participate by supplying assets like ETH or stablecoins to earn points and future rewards, while borrowers access fixed-rate loans based on duration and size. Term Finance emphasizes community-driven growth, with token incentives via $TERM to reward early adopters and liquidity providers.
Term Finance rolled a $445K fixed-rate loan into a new $500K loan at 6.5% APY via Yearn.
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x.com/term_labsReached over $18M in total value across automated fixed-rate lending vaults built on Yearn V3.
Launched Meta Vault LP on Curve Finance to provide instant liquidity for fixed-rate loan positions.
Completed a 6-week $445K fixed-rate loan through Yearn-curated USDS vault and rolled into a new 8-week $500K loan at 6.5% APY.
Integrated with Puffer Finance, enabling pufETH lending on Term Finance platform with yields up to approximately 472% APR during the CARROT rewards epoch.
Yearn Finance adds a new curated USDS vault for Term Labs.
Deleveraging occurs on Term platform as reported in weekly DeFi lending analysis.
Integrates Hypernative Labs for liquidity pool toxicity monitoring with real-time checks, pre-auction screening, and alerts.
Term Labs deploys $250 USDT in voting incentives on Penpiexyz_io Voting Market, offering 24% APR to vlPNP voters supporting the tmvUSDT0 pool this epoch.
Term deploys new markets on Boros platform alongside Gaib, Yuzu, Plume, YieldNest and Midas.
tmvUSDT0 launches on Equilibria with over 7% boosted Pendle APY, allocating deposits across K3, Tulipa, MEV, and Shorewoods strategy vaults. Integrated frxUSD as a PegKeeper for tmvUSDC stablecoin.
The USDTO Meta Vault PTs on Pendle offer 8.17% yield with over $7m in liquidity on Plasma.
cUSD and USDai are onboarded as new supported assets on the platform.
Partnership with Cap Money launches, enabling PT-cUSD as new collateral type and offering dual rewards of 1x Cap points plus 1.5x Term points for lenders.
Partnership with Farm Capital and Midas RWA announced to seed Plasma USDT0 MetaVault, offering stablecoin DeFi with 0-fee transfers and Visa-speed settlement via Plasma Foundation.
Cross-chain PT collateral launches on Avalanche with successful auction clearing $978,860 at 6% borrowing rate against PT USDE collateral. The milestone represents one of the first instances of cross-chain PT being used as collateral, achieved through partnership with Pendle and Ethena.
Term labs joins multi-city Asian conference tour connecting with investors, market makers, and exchanges at major events including upcoming Korea Blockchain Week and Token 2049 Singapore.
Fixed-rate lending primitive launches with 14% APY for PT-USDE deposits and 10% borrowing costs for USDC, featuring 30-day terms and up to 92% LTV.
New Blue Sheets yield tool launches, enabling fixed-rate earnings without auction participation and no minimum deposit requirements.
Partnership with Term Labs enables fixed-rate ETH borrowing against pufETH collateral, first auction starts July 10.
USDT integration now live on protocol, expanding stablecoin options.
USDC Meta Vault now live with 5% yield, reached $2M TVL.
Chronicle selected as primary oracle provider for sUSDS on Base network.
New XRP/RLUSD lending market launches on Ethereum in partnership with MoreMarkets, enabling yield generation for XRP holders.
ETH lending vault generates 4% APY through 4-week fixed terms, outperforming Aave's 1.87% rate, with 10% reserve requirement.
Security exploit detected affecting protocol operations.
Protocol exploit results in $650k loss
Oracle error causes $1.6M loss; $1M recovered and remaining $650K to be covered by treasury.
$1M recovered from $1.6M oracle configuration error loss.
Protocol recovers 556 ETH of 918 ETH loss from oracle issue; treasury covers remaining 362 ETH loss. All users fully protected.
Security breach results in 1.5M ETH loss through TreehouseFi platform.
$TERM Season 1 Airdrop has been announced and is now claimable.
Token Generation Event (TGE) is live with active claim period.
Total supply of 100M TERM tokens. 56.04% community allocation, 43.96% team and investor allocation. 1-year cliff, 3-year linear vesting. Foundation holds 10M tokens reserve.
Token $TERM launching on Ethereum Mainnet with initial listing on Kraken and MEXC at 04:00 UTC March 26th. 100M total supply. Airdrop claim starts March 26th.
Season 1 ends March 22 00:00 UTC. Achieved $1B in bids/offers, $295M loans cleared, $13.5M transaction volume, $12M deposited in vaults. 37k+ participants. Snapshot for Galxe and Guild scheduled for March 22.
Fixed-term loan protocol with $260M cumulative borrow volume, TVL doubled to $60M post-election, MAUs increased from 40 to 450 since election. Launched risk curated vaults.
Reported $186M in cumulative borrow volume cleared in non-custodial fixed-term lending.
Working on fixed rates lending.