TechFlow News — According to Chainwire, Term Structure, a non-custodial fixed-income protocol, has officially launched on the Ethereum mainnet. This release introduces the first institutional-grade, market-driven fixed-income protocol, revolutionizing how liquidity is provided between lenders and borrowers in decentralized finance (DeFi). Users can now leverage their LSTs and LRTs as collateral to borrow tokens at fixed rates and maturities, while earning points and staking rewards in the primary market facilitated by an auction mechanism. Meanwhile, the secondary market supports trading of these fixed-income tokens via a real-time order book, enhancing overall liquidity.
Co-founder Jerry Li, drawing from traditional finance (TradFi) experience, stated that the lack of fixed-income products in the market has been a major barrier to exponential growth in DeFi. The Term Structure Protocol addresses this gap by offering fixed-rate and fixed-term products that improve risk management and unlock a range of trading strategies previously unavailable in the DeFi ecosystem.
With the mainnet launch, Term Structure aims to establish a new global standard for liquidity management and enable users to secure fixed-cost funding—critical for leveraging opportunities that could yield higher variable APYs or capitalize on token price appreciation.
