Term Finance API
Term Finance integration.
Term Finance is a noncustodial fixed-rate liquidity protocol modelled on tri-party repo arrangements common in traditional finance (TradFi). Liquidity suppliers and takers are matched through a unique weekly auction process where liquidity takers submit bids and suppliers submit offers to the protocol.
The protocol determines a “market clearing rate” that matches supply and demand. Bidders who bid more than the clearing rate receive loans and lenders asking less than the clearing rate supply liquidity.
Key features:
Fixed-rate DeFi lending and borrowing via auctions
Scalable transactions with no spread, no slippage, and low fees
Collateral sits in isolated noncustodial smart contracts (repoLocker)
No rehypothecation - collateral cannot be lent to other borrowers
Term Finance vault support. |