Term Labs

📣 Staking and governance are live on Term! $TERM holders don't just earn rewards—they safeguard the protocol itself. Here's how it works ⤵️ Term Finance was built for fixed-rate lending with transparency and decentralization at its core. To make that vision real, protocol governance is key. There are two main entities: 1️⃣ The DAO (TERM holders) 2️⃣ The Term Foundation The Foundation operates the protocol. The DAO funds the Foundation—and acts as its check and balance. DAO members (via $TERM) hold veto rights over critical on-chain actions. This isn't advisory—it's binding. Veto rights are enforced through two on-chain contracts: 🔹 Protocol Veto Governor: Can veto contract upgrades & access changes (DEVOPS_ROLE) 🔹 Token Veto Governor: Can veto DAO fund transfers & $TERM token changes 🌟 To activate your voice and earn, you stake. Staking = delegating your vote (to yourself or other delegates) 💰 Rewards are paid in USDC 📆 Every 30 days 📊 Pro rata to active stakers ✅ Must have delegated to be eligible Rewards are funded by the Foundation based on protocol revenues after costs. 🚀 In the early days, rewards may be minimal. As Term scales, they're expected to become regular and meaningful. Governance on Term isn't just a feature—it's a foundation. 🤝 TERM holders decide whether critical changes go through. Staking aligns your upside with your oversight and participation in governance. Ready to earn and govern? Stake your $TERM, delegate your vote, and join us in building DeFi with certainty. 🗳️ Start staking today → app.term.finance/term 🔗 Blog: term.finance/post/term

Trusting curators isn’t enough. That’s why Term vaults have a time lock on all vault changes, including accepted collateral. Every depositor, no matter what size, has a say in security

@fraxfinance ✊

frxUSD is well positioned 🤝

Base yields on @CurveFinance Term USDC Meta / frxUSD LP continue to avg ~1% organic swap volume. consistent swap demand is a strong signal to the critical role @fraxfinance plays filling liquidity gap across stable coins. With more stables coming, frxUSD is well positioned.

@flipdazed @agra_gg 😍

@agra_gg @term_labs nice one @term_labs !

Today we're launching our first fixed rate credit market, in partnership with @term_labs. In traditional finance, repo markets move trillions daily. Fixed rate loans with a defined maturity. One of the most liquid instruments in the world. This market is moving onchain. Agra is the primary market for Term Finance's tokenized credit. Fixed term loans with a defined yield. Buy exposure. Exit early. Price discovery, onchain. @term_labs is seeding this market from their treasury. Agra is the exchange. This is what the repo market looks like onchain.

Trade Here bonds.agra.gg/?market=0xd98e…

One of the biggest hesitations for fixed rate lenders: being locked in. That changes today. @Agra_gg gives Term lenders a secondary market to exit early, trade out of positions, and redeploy capital — without waiting for maturity. Fixed rate lending just got a lot more flexible. Check this out for more details 👇

@Rocket_Pool @nextblock_eth thanks for having us on. Look forward to sharing more updates with the community soon. :)

Our next Community Call is starting soon, at the Europe-friendly time of 3:30pm UTC. @nextblock_eth will host a special guest from @term_labs to chat about new DeFi opportunities for $rETH liquid stakers. Join the call in the Rocket Pool Discord, link below 👇

@ryskfinance @StakingRewards @Brookfield @apolloglobal @MillenniumMGMT @elliottmgmtcorp @nb_wealth @MotusAk @JaneStreetGroup @twosigma @KKR_Co @point72 @Wellington_Mgmt @coatuemgmt @NorthIslandVC @Citi @hamilton_lane @BlockTower @PanteraCapital @HIGCapital @starwoodcapgrp @thomabravo @APompliano @DraperVC @CrescentCap @Mubadala @MaerkiBaumann @Marshall_Wace @JacobsConnects @Temasek @DigitalAssets @StateStreet @FTI_US @Grayscale @WisdomTreeNews @BNYMELLON @jpmorgan @Schroders @GoldmanSachs @SocieteGenerale @StanChart @aave @compoundfinance @flyingtulip_ @NotionalFinance @pendle_fi @TreehouseFi @InverseFinance @GyldFinance @pyefinance Term mentioned :)

@StakingRewards @Brookfield @apolloglobal @MillenniumMGMT @elliottmgmtcorp @nb_wealth @MotusAk @JaneStreetGroup @twosigma @KKR_Co @point72 @Wellington_Mgmt @coatuemgmt @NorthIslandVC @Citi @hamilton_lane @BlockTower @PanteraCapital @HIGCapital @starwoodcapgrp @thomabravo @APompliano @DraperVC @CrescentCap @Mubadala @MaerkiBaumann @Marshall_Wace @JacobsConnects @Temasek @DigitalAssets @StateStreet @FTI_US @Grayscale @WisdomTreeNews @BNYMELLON @jpmorgan @Schroders @GoldmanSachs @SocieteGenerale @StanChart @aave @compoundfinance @flyingtulip_ @NotionalFinance @pendle_fi @term_labs @TreehouseFi @InverseFinance @GyldFinance @pyefinance Rysk mentioned

@Brookfield @apolloglobal @MillenniumMGMT @elliottmgmtcorp @nb_wealth @MotusAk @JaneStreetGroup @twosigma @KKR_Co @point72 @Wellington_Mgmt @coatuemgmt @NorthIslandVC @Citi @hamilton_lane @BlockTower @PanteraCapital @HIGCapital @starwoodcapgrp @thomabravo @APompliano @DraperVC @CrescentCap @Mubadala @MaerkiBaumann @Marshall_Wace @JacobsConnects @Temasek @DigitalAssets @StateStreet @FTI_US @Grayscale @WisdomTreeNews @BNYMELLON @jpmorgan @Schroders @GoldmanSachs @SocieteGenerale @StanChart @liquid_col @LidoFinance @ether_fi Yield Protocols - Vaults @SentoraHQ @SteakhouseFi @yieldbasis @veda_labs @byzantine_fi @mellowprotocol @yearnfi @looping_col

@lordjorx @Morpho @LiquityProtocol 3.5% against blue chip collateral for 1 month.

@term_labs @Morpho @LiquityProtocol What's the average at the moment? And for how long?

DeFi will not scale without fixed rates. @Morpho just announced they are working on fixed-rate loans. This is a big move. Right now, if you want to borrow with a predictable cost, your options are very limited. Take @LiquityProtocol, for example. The rates are competitive, but you have to stay active. With redemption risks, you can't just open a position and forget about it. It requires constant management to keep your debt efficient. If we look at the current market for true fixed debt: > @term_labs: Works through auctions, with rates around 6%. > @InverseFinance: You can fix it at 4%. These are good starts, but we need more. If DeFi wants to compete with traditional banks, we have to offer better terms. Traditional finance still offers fixed rates below 3%. Morpho entering this space is a necessary step to bring more stability to the ecosystem.

The spread between DeFi and derivatives funding rates remain at all time wides

In derivatives markets, funding rates were mixed. This bounce takes perpetual rates back above cycle lows but keeps derivatives rates well below the risk-free rate of 3.64%, reaffirming that bear market conditions continue to hold in cryptoasset markets

Internal market microstructure, shows that after a sharp runup in utilization early February, supply/demand dynamics are beginning to loosen but remain healthy in ETH markets

ETH rates rose by +5bps on the week to 2.77% on a 30-day trailing basis. This move is contrast to the CESR staking index, which closed down -2bps to 2.88% over the same period

In DeFi variable rate markets, the 30-day trailing average continued toward the downside, falling by -25bps to 3.63% on a 30-day trailing basis. On a shorter lookback, USDC borrow rates averaged 3.47%, suggesting lower rates in the near term.

@OctavFi this is a very welcome public good. 🔥

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Consistent with declining rates, Aave experienced no signs of intraday stress throughout the past week At current levels, Aave borrow rates close the week just below the risk free rate. While this is an exceptional opportunity for DeFi borrowers, opportunities to engage in carry trades that generate a reasonable spread remain limited

Base yields are hitting ~1% daily on the @CurveFinance tmvUSDC / frxUSD pool as swap volumes climb. Stack that with underlying vault returns and $CRV rewards for a top-tier stablecoin play. Deposit today 👇

Markets closed the week up for the first time in six weeks, with BTC and ETH up +3.53% and +2.34%, respectively. For the first time in a while, BTC showed negative correlation and printed an up week in an otherwise volatile and negative week on the back of war with Iran. While it will be some time before cryptoassets start to rally, it does appear to be hammering out a bottom

Diving into the microstructure of Aave’s USDC markets, internal metrics show utilization hovering around 56%, held down by a further week on week decline in borrow demand (-$72M) over the past week.