August 01, 2023

Pioneering Fixed Rate Loan Auctions on Ethereum with Term Finance | Quick Hit

35 minutes

Dion Chu is the Founder and CEO of Term Finance.

In this Quick Hit, we review a new fixed rate auctions protocol on Ethereum, launching today (August 1st) on Ethereum. DeFi is known for its volatile variable interest rates. Term offers a new non-custodial fixed rate lending and borrowing protocol for a maturing DeFi markets that demand more predictable fixed rates, like those we find in traditional finance. With Term Finance, borrowers and lenders are matched through a unique recurring auction process, poised to usher in enormous growth for DeFi this next bull run!

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Topics Covered

00:00 - Intro

07:52 - Background on Dion and origin of Term

15:14 - How Term Finance works

18:38 - Why fixed vs variable rates

22:38 - How auctions work

26:44 - Term repo tokens

27:47 - Guarded launch and results so far

30:18 - What's needed for multi-year term loans

33:31 - Closing

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🔗 Guest Links 🔗

► Dion Chu on Twitter: https://twitter.com/dionchu

► Term Labs on Twitter: https://twitter.com/term_labs

► Learn about Term Finance: https://term.finance/

► Links to Term Finance Discord, Telegram, and Medium: https://linktr.ee/term.finance

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🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/

All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

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