Term Finance is a decentralized lending protocol that utilizes a unique auction model to support scalable fixed-rate/fixed-term lending, the first of its kind in DeFi. It brings borrowers and lenders together in a fair and transparent auction process, which determines a single market clearing rate for all participants, regardless of size.
Round | Amount | Valuation | Date | Investors |
---|---|---|---|---|
Strategic | $6M | -- | Jul 09, 2024 | |
Seed | $3M | -- | Feb 28, 2023 |