Hong Kong, Hong Kong, May 28, 2024, Chainwire
Term Structure, a non-custodial fixed income protocol offering fixed rates, fixed terms, and peer-to-peer lending and lending, is excited to announce major updates and upcoming features as it prepares for the upcoming Mainnet launch. These developments demonstrate Term Structure's commitment to revolutionizing risk and liquidity management and introducing innovative solutions in DeFi.
Fixed income refers to investments that pay returns on a fixed schedule, usually in the form of regular interest payments. This offers investors predictable income streams. For example, if a user invests in a fixed income token with an annual return of 5%, he will receive an additional 5% of the same type of token each year.
To allow users to earn additional points and staking rewards by looping their Liquid Staking Tokens (LST) and Liquid Re-Staking Tokens (LRT), the protocol will allow these tokens to be used as collateral. Users will soon be able to borrow at their preferred rates and choose from 5 to 6 fixed maturity dates. This integration is set to make fixed-rate and term loans more accessible and versatile, meeting a broader range of user needs in DeFi.
Additionally, Term Structure will launch a points system, incentivizing user participation through lending and borrowing in primary markets and buying and selling tokens in secondary markets on the protocol. This points system will reward users for their active participation and contribution to the ecosystem, with other benefits such as bonus points for referrals and early adopters.
In addition, Term Structure has successfully completed the trusted configuration ceremony of zkTrue-up, its customized zero-knowledge proof system, in collaboration with leading auditing firms such as ABDK, HashCloak and Bware Labs. The security of the system is guaranteed because all participants have ruled out “toxic waste,” which is data that could trick the system into accepting false evidence. This effectively prevents anyone from gaining control over zkTrue-up.
As anticipation builds for the Mainnet launch, these updates underscore Term Structure's dedication to innovation and security in DeFi. By continually improving its platform and engaging with its community, Term Structure is poised to offer reliable fixed-yield solutions for the crypto community.
About the term structure
Term Structure introduces a distinctive ZK Rollup solution that democratizes fixed-rate and term loans and loans, as well as fixed income trading, by offering low transaction fees. Backed by Cumberland, HashKey Capital, Decima Fund, Longling Capital and MZ Web3 Fund.
For more information, users can visit the Term Structure website and follow Term Structure social media updates:
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ContactMarketing ManagerNovalia WinataTerm structure[email protected]
This article was originally published on Chainwire.
