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
Funding, governance, and treasury data (DeFi Llama + curated).
Seed
$2.5M · 2023-05-09
Investors
Strategic
$5.5M · 2024-07-09
Investors
Total supplied
—
Tier 2No daily history from the current sources
Pending live refresh
Total borrowed
—
Tier 2No daily history from the current sources
Pending live refresh
TVL (net)
DeFi Llama$14.2M
DeFi Llama6h ago
Fees (30d)
—
PendingNo daily history from the current sources
Pending live refresh
Revenue (30d)
—
PendingNo daily history from the current sources
Pending live refresh
Wtd avg borrow APY
—
Tier 2No daily history from the current sources
Pending live refresh
Wtd avg supply APY
—
PendingNo daily history from the current sources
Pending live refresh
Top collateral assets
—
PendingList metric; no series
Pending live refresh
Bad debt
—
Tier 2No daily history from the current sources
Pending live refresh
Market cap
—
PendingNo daily history from the current sources
Pending live refresh6h ago
FDV
—
PendingFDV history not tracked
Pending live refresh6h ago
P/TVL
—
PendingNo daily history from the current sources
Pending live refresh
TVL Δ 30d
Derived (DeFi Llama)+7.40%
Derived from the TVL series
Derived (DeFi Llama)0s ago
Chain count
Derived (DeFi Llama)6
Count metric; no series
Derived (DeFi Llama)6h ago
