Term Finance Launches Fixed-Rate Lending for DeFi Users

Term Finance has made a significant move by launching its Blue Sheets Simple-Earn platform, which offers institutional-grade fixed-rate lending to the decentralized finance (DeFi) sector. Initially, Term Finance focused on high-value clients, facilitating efficient blind auctions on-chain to connect substantial borrowers with lenders.

New Opportunities for All Users

With this latest development, the platform is now accessible to anyone holding ether or USDC, allowing them to earn predictable yields without the complexities of auctions or minimum balance requirements.

Future Expansion Plans

Co-founder Billy Welch mentioned that while the Earn platform is currently limited to Ethereum and Avalanche C-chain, there are intentions to expand to Ethereum Layer 2 solutions and other EVM-compatible networks, along with the addition of more assets.

Upcoming Features

Welch also revealed that integration with Pendle assets is expected soon, likely within the week, as lenders are increasingly comfortable lending against these types of assets. He emphasized the importance of risk management and the willingness of lenders to provide loans against various asset types, indicating that the platform is open to exploring more exotic collateral based on market demand.