Term Structure builds a non-custodial fixed-income protocol that lets users borrow and lend with fixed interest rates and fixed maturities and trade fixed-income tokens in secondary markets. The protocol currently runs a testnet on Ethereum Goerli (https://app.testnet.ts.finance/) and supports two core markets: primary markets for matching fixed-rate borrow/lend orders and secondary orderbook trading for fixed-income tokens. It uses a customized ZK Rollup called zkTrue-up for data availability, gas-free order placement/cancellation, and mechanisms for Forced Withdrawal and an Evacuation Mode to protect user assets. The team plans to expand operations, roll out programmatic trading APIs and SDKs for professional traders, and run community events including a workshop (Dec 4), an AMA (Dec 5), and a post-testnet trading competition with prizes including 10,000 USDC. Financially, Term Structure secured initial seed funding of $4.25M in the round described and says it will use proceeds to expand its business reach.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2023