Term Structure Labs is a DeFi infrastructure platform that enables users to lend and borrow fixed-income tokens using a peer-to-peer protocol with customized ZK-rollup technology. This solution provides fixed-rate loans with predetermined maturity dates, allowing users to manage borrowing costs and enhance yield through collateralized assets like PTs and LRTs.
Funding
$4.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In DeFi markets, borrowers often face unpredictable interest rates, making it difficult to manage borrowing costs and plan for the future. Lenders also lack the ability to reliably predict their returns, hindering effective capital allocation.
Solution
Term Structure Labs offers a decentralized platform for fixed-rate lending and borrowing of crypto assets. The platform enables users to borrow stablecoins or ETH using collateral such as Principal Tokens (PTs) and Liquid Restaking Tokens (LRTs) at fixed rates and predetermined maturity dates. Lenders can set their preferred rates and receive fixed-income tokens (tTokens) when orders are matched, providing predictable returns. The platform incorporates a non-custodial design with a zkTrue-up mechanism, allowing users to withdraw assets to mainnet permissionlessly and bypass operator censorship.
Target Audience
The primary target audience includes DeFi users seeking fixed-rate loans with predictable borrowing costs, as well as lenders looking for fixed-income opportunities with defined maturity dates.
Features
- Peer-to-peer protocol for fixed-rate lending and borrowing with customized ZK-rollup technology
- Support for collateralizing PTs, LRTs, and other tokens with LTV ratios between 75-90%
- Regular auctions every 8 hours to ensure lenders' returns via a robust liquidation mechanism
- Fixed-income tokens (tTokens) that represent matched lending orders and can be redeemed at maturity
- Secondary markets for trading tTokens, enabling hedging and risk-taking strategies
- zkTrue-up smart contract for direct withdrawals to mainnet, bypassing operator censorship
- Gasless order placement and cancellation
- Forced withdrawal and evacuation mode for enhanced security