Odaily Planet Daily News Term Labs launched a fixed-rate lending agreement Term Finance on Ethereum, which matches borrowers and lenders who set a predetermined interest rate. During the auction period (that is, the loan period), the collateral will be locked in the smart in contract. (decrypt)
Earlier news, Term Labs announced the completion of a new round of financing of US$2.5 million, led by Electric Capital, with participation from Circle Ventures, MEXC Ventures, Coinbase Ventures, etc. The new funds will be used to build DeFi fixed-rate products.