Term Finance
FreeDecentralized Lending Dapps
Term Finance provides digital asset lending for institutions, with transparency and low costs.
Ethereum
Plasma Ethereum PlasmaDecentralized Lending Dapps
Term Finance provides digital asset lending for institutions, with transparency and low costs.
Ethereum PlasmaThe Term Finance system provides noncustodial, fixed-rate collateral lending inspired by traditional tri-party repo arrangements.
It conducts recurring auctions in which borrowers submit sealed bids and lenders present offers to determine the market-clearing rate.
Bids above the rate secure loans, while offers below the rate help fund them.
Any unmatched bids or offers remain open.
After each auction, borrowers receive loan proceeds and lenders receive ERC-20 tokens for redemption.
Smart contracts manage repayments and collateral custody.
Variable-rate pools like Compound and Aave can leave lenders unable to withdraw exactly when they most want to.
Written for someone who wants a known rate and no daily management. Three concrete positions, with what each assumes about where rates go next.
The follow-up for people who will actively manage the position: leveraging the rate view itself rather than just locking one in.
Decentralized Exchanges • Solana
Decentralized Lending Dapps • Ethereum
Decentralized Exchanges • Solana
