Term Finance
Fixed-rate crypto lending and borrowing via on-chain auctions
United States · Founded 2022 · $2.5M raised
- Employees
- 1–10
- Founded
- 2022
- Business Model
- B2C
- Website
- term.finance
- Total Funding
- $2.5M
- Last Round
- $2.5M SeedFeb 2023
- Rounds
- 1
About
Term Finance is a noncustodial decentralized lending protocol on Ethereum that enables fixed-rate, fixed-term borrowing and lending via weekly on-chain auctions. Rather than relying on variable interest rates, Term Finance uses a Dutch auction model to determine a single market-clearing rate for each term, giving borrowers and lenders certainty on their cost of capital or yield. The protocol supports a variety of loan terms up to one year and holds a DeFi Safety score of 93%, reflecting extensive smart contract auditing.
Summary
Term Finance is a Crypto & Web3 company based in United States, founded in 2022. It has raised $2.5M in total across 1 round, most recently a $2.5M Seed round in Feb 2023. Investors include Electric Capital, Coinbase Ventures and Circle Ventures.
Tech & App Stack
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Funding History
Feb 2023
Investors
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