Hong Kong, Hong Kong, May 28, 2024, Chainwire
Term Structure, a non-custodial fixed-income protocol offering fixed-rate, fixed-term, peer-to-peer lending and borrowing on Ethereum, is excited to announce important updates and upcoming features as it prepares for its upcoming mainnet launch. These developments demonstrate Term Structure’s commitment to revolutionizing liquidity and risk management and introducing innovative solutions to DeFi.
Fixed income refers to investments that pay returns on a fixed schedule, usually in the form of regular interest payments. This provides investors with a predictable income stream. For example, if a user invests in a fixed income token with an annual return of 5%, they will receive an additional 5% in tokens of the same type each year.
The protocol allows users to loop Liquid Staking Tokens (LST) and Liquid Re-Staking Tokens (LRT) to earn additional points and staking rewards, using these tokens as collateral. Users will soon be able to get a loan at their desired interest rate and can choose from five to six fixed maturity dates. This integration is poised to make fixed-rate and fixed-term loans more accessible and diverse while meeting a broader range of user needs in DeFi.
Term Structure will also launch a points system to encourage user participation through lending and borrowing on the primary market and buying and selling tokens on the protocol’s secondary market. This points system rewards users for active participation and contributions to the ecosystem, along with other perks such as bonus points for referrals and early participants.
Additionally, Term Structure has collaborated with leading auditing firms such as ABDK, HashCloak, and Bware Labs to successfully complete a trusted setup exercise for zkTrue-up, a custom zero-knowledge proof system. The security of the system is ensured because all participants have discarded “toxic waste” – data that can trick the system into accepting fake evidence. This effectively prevents anyone from taking control of zkTrue-up.
As anticipation builds for the mainnet launch, these updates highlight Term Structure’s commitment to innovation and security in DeFi. By continuously improving the platform and collaborating with the community, Term Structure is set to provide a reliable fixed income solution to the cryptocurrency community.
Term structure information
Term Structure introduces a unique ZK rollup solution that democratizes fixed-rate and fixed-term borrowing and lending, as well as fixed income trading, by offering low transaction fees. It is backed by Cumberland, HashKey Capital, Decima Fund, Longling Capital and MZ Web3 Fund.
For more information, visit Term Structure’s website at https://ts.finance/ and follow Term Structure’s social media updates.
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