Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Monday, June 2
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » Term Labs raises $2.5M to develop Fixed-rate decentralized lending protocol for institutions
Investment & Funding

Term Labs raises $2.5M to develop Fixed-rate decentralized lending protocol for institutions

Ravi KumarBy Ravi KumarFebruary 28, 2023Updated:February 28, 2023No Comments2 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
Term Labs raises $2.5M to develop Fixed-rate decentralized lending protocol for institutions
Term Labs raises $2.5M to develop Fixed-rate decentralized lending protocol for institutions
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

Term Labs has raised $2.5 million in a seed round led by Electric Capital and featuring participation from Coinbase Ventures, Circle Ventures, Robot Ventures, MEXC Ventures, and with angel investment from DeFi founders from Aura, Balancer, Hashlow and Llama.

The funds will be used to develop Term Finance, a decentralised lending protocol for Ethereum that will utilise an auction model to support fixed-rate/fixed-term lending, a first for DeFi.

Term Labs is a blockchain R&D company founded by a team possessing vast experience in traditional finance, big tech, and decentralized finance. Its main objective is to develop blockchain-based fixed-rate lending solutions that are resilient, transparent, and scalable. In short, the protocol aims to provide institutional-scale, low-cost and crypto-native solutions for borrowers and lenders.

The market gap for centralised crypto lenders providing fixed-rate loans to institutions has grown since such entities mostly shut down, and existing DeFi protocols have not created scalable models to serve these users. Term Finance will bring transparent and scalable solutions to the market, said Dion Chu, CEO of Term Labs.

“This funding allows us to develop a decentralized solution for the crypto lending market that saw over $80 billion in originations a quarter at its peak,” states Dion Chu.

“Recent failures of centralized institutions in the crypto lending market highlights an urgent need for the market to move towards scalable on-chain solutions,” Dion added.

“We believe Term Labs has the potential to bring a much-needed solution to the market with its decentralized lending protocol,” states Ken Deeter, partner at Electric Capital. “Term’s unique auction model originates loans at scale without slippage, bid-offer spread or other hidden transaction costs seen in other variable and fixed rate lending protocols.”

Read Also: Outdefine Secures $2.5M Funding Co-Led By TCG Crypto and Jump Crypto

Circle Ventures Coinbase Ventures DeFi Lending Electric Capital MEXC Ventures Seed Funding Term Finance Term Labs
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
Ravi Kumar
  • X (Twitter)
  • LinkedIn

Ravi is Founder and Chief Content Officer of AlexaBlockchain. He writes about everything at the cross-section of blockchain, crypto, AI, markets, and the economy. Ravi can be reached at ravi@alexablockchain.com

More AlexaBlockchain

Liquidium Launches Cross-Chain Bitcoin Lending Without Wrapped Tokens or Bridges

May 28, 2025

VOYA Games Raises $5M Co-led by 1kx, Makers Fund

May 21, 2025

Animoca Brands Invests in Astar to Boost Sony’s Web3 Entertainment Push

May 21, 2025

Antix Raises $8.2M to Launch Tokenized Digital Humans

May 14, 2025

SOL Strategies Inks $500M Deal with ATW Partners

April 23, 2025

RedotPay Raises $40M in Series A Funding Led by Lightspeed

March 17, 2025
Add A Comment

Comments are closed.

Don't Miss

QFSCOIN Launches Affordable Cloud Mining Contracts to Democratize Bitcoin Access

Liquidium Launches Cross-Chain Bitcoin Lending Without Wrapped Tokens or Bridges

Katana Launches High-Yield DeFi Blockchain Backed by GSR and Polygon Labs

Sony’s Soneium Brings Viral Telegram Game Sleepagotchi to 200M Users via LINE

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.