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Term Finance

Last updated: Mar 07, 2023

Term is a decentralized non-custodial lending protocol where users can borrow or lend on a fixed rate basis by participating in weekly (Term) auctions.

Seed Round: $2.5 Million

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Overview

Project industry	Crowdfunding & Lending
Product type	Protocol
Founded	United States

What is Term Finance

Term Finance is a decentralized lending protocol that utilizes a unique auction model to support scalable fixed-rate/fixed-term lending, a first in DeFi. It brings borrowers and lenders together in a fair and transparent auction process to determine a single market clearing rate that all participants will pay or receive, whether large or small.