InformationTVLBorrowed

TermFinance Lend

Total Value Locked$11.44m

TVL by Chain

Ethereum$5.81m

borrowed$4.38m

Plasma$1.18m

Base$62,918

Avalanche$7,361

Key Metrics

Borrowed$4.38m

Total Raised$8m

May 9, 2023$2.5mRound: SeedInvestors: Electric Capital, Coinbase Ventures, Circle Ventures, Robot Ventures, MEXC VenturesSource: https://www.coindesk.com/business/2023/02/28/fixed-income-defi-platform-term-finance-readies-for-business/

Jul 9, 2024$5.5mRound: Strategic Investors: Electric Capital, Maelstrom, Arete Capital, Delta Blockchain Fund, Inception Capital, Blizzard Fund, Will Price, eric.eth, Mike Silagadze, Rok Kopp, Mckenna, Danish Chaudhry, Defi Dad, Nomatic, Joe Takayama, Steve LeeSource: https://x.com/dionchu/status/1810637372175819128

Protocol Information

TermFinance is a fixed rate borrow/lend protocol pioneering an auction model to originate fixed rate, fixed term crypto backed loans at scale.

Category:Lending

Audits:

WebsiteTwitter

Methodology

TVL: Counts the collateral tokens locked in Term Finance's term repos and purchase tokens locked in Term Finance's vaults.View code on GitHub

Competitors

Aave V3 ($33.214b)Euler V2 ($1.048b)Fluid Lending ($1.708b)Folks Finance xChain ($22.76m)OmniBTC ($2.63m)Morpho V1 ($5.893b)SparkLend ($3.491b)Maple ($2.911b)Compound V3 ($1.702b)Venus Core Pool ($1.536b)