Term Finance eyes fixed-rate lending market
Blue Sheets Simple-Earn offers a new route to fixed-rate lending on EVM chains
Roman Samborskyi/Shutterstock modified by Blockworks
This is a segment from the 0xResearch newsletter. To read full editions, subscribe.
The latest turn from Term Finance is turning heads: Its Blue Sheets Simple-Earn platform now opens institutional-grade fixed-rate lending to the DeFi crowd. For those unfamiliar, Term Finance initially catered to high rollers, running efficient blind auctions onchain to match big-money borrowers and lenders.
Now, the platform — with backing from Coinbase, Electric Capital and Maelstrom — invites anyone with some ether or USDC to earn predictable yields, sans auction hassles and minimum balances.
Co-founder Billy Welch notes that although the Earn platform is only available on Ethereum and Avalanche C-chain for now, there are plans to scale to Ethereum L2s and other EVM networks, as well as to add more assets.
“Integrating Pendle assets is coming very soon — likely this week — as lenders have become more comfortable lending against these assets,” Welch told Blockworks. “We are always interested in more exotic collateral types based on demand, but risk management and lenders’ willingness to lend against assets is a large consideration.”
Get the news in your inbox. Explore Blockworks newsletters:
- Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
- Empire: Start your morning with the top news and analysis to inform your day in crypto.
- Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
- 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
- Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
- The Drop: For crypto collectors and traders, covering apps, games, memes and more.
- Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
