Credit · Fixed Income
Term Finance runs sealed-bid, weekly, fixed-rate auctions that clear lenders and borrowers at a single rate for a defined term, issuing Term Repo Tokens that behave like zero-coupon instruments. This is the closest on-chain analogue to a repo market. Documented at docs.term.finance.
Sealed-bid on-chain repo auctions with a real term structure.
Protocol TVL
$13.7M
Latest data · 15 min delay
Machine-readable protocol knowledge for agents
Sealed-bid on-chain repo auctions with a real term structure.
term-finance · v1.0.0
Facts
| category | Network |
| symbol | — |
| tagline | Sealed-bid on-chain repo auctions with a real term structure. |
| arbitrumNative | no |
| chains | Plasma, Avalanche, Arbitrum, Base, Ethereum |
| security | verified (OZ-derived · public audit on file) |
| memberCoins | none tracked |
| founded | 2023-08-16 |
| tvl | $14.20M |
| tvlChange1d | -0.0% |
| tvlChange7d | 23.6% |
| universalMetricsSyncedAt | 2026-08-11T06:32:51Z |
Sections
Term Finance runs sealed-bid, weekly, fixed-rate auctions that clear lenders and borrowers at a single rate for a defined term, issuing Term Repo Tokens that behave like zero-coupon instruments. This is the closest on-chain analogue to a repo market. Documented at docs.term.finance. Term Finance runs sealed-bid, weekly, fixed-rate auctions that clear lenders and borrowers at a single rate for a defined term, issuing Term Repo Tokens that behave like zero-coupon instruments. This is the closest on-chain analogue to a repo market. Documented at docs.term.finance. Rate discovery happens through a periodic sealed-bid auction rather than a continuous curve, which produces a genuine term structure rather than a spot rate with a maturity wrapper. Combined TVL $13.67m as of 26 July 2026: Vaults $11.74m (DefiLlama API) and Lend $1.93m with $1,663,888 borrowed (DefiLlama API). Active markets and maturities: `n.a.` Implied fixed APY range: `n.a.` Notional outstanding: $1,663,888 on the Lend product.
Rate discovery happens through a periodic sealed-bid auction rather than a continuous curve, which produces a genuine term structure rather than a spot rate with a maturity wrapper.
Actions
| Name | Signature | Access |
|---|---|---|
getProfile Read the CanHav profile for Term Finance. | research_getEntity({ slug: "term-finance" }) | read-only |
listMembers List the member coins (stablecoins / tokens / RWAs) under this network. | research_listByCategory({ category: "networks" }) | read-only |
readLiveMetrics Read live on-chain supply / metadata for a member contract (Arbitrum). | chain_readLive({ address: "0x..." }) | read-only |
getHistory Pull historical peg / TVL series for a member protocol. | research_getHistory({ slug: "<member-slug>", metric: "peg" | "tvl" }) | read-only |
Glossary
