(Press release – Hong Kong, Hong Kong, May 28, 2024)
Term structure, an agnostic fixed income protocol that provides fixed rates, fixed terms, and peer-to-peer borrowing and lending on Ethereum, is excited to announce important updates and upcoming features as it prepares for its upcoming Mainnet launch. These developments demonstrate Term Structure's commitment to revolutionizing liquidity, risk management and providing innovative solutions in DeFi.
Fixed income refers to investments that pay returns on a set schedule, usually in the form of regular interest payments. This provides investors with predictable income streams. For example, if a user invests in a fixed income token with an annual return of 5%, they will receive an additional 5% of the same type of token each year.
To enable users to earn additional points and staking rewards by duplicating Liquid Staking Tokens (LSTs) and Liquid Re-Staking Tokens (LRTs), the protocol will allow these tokens to be used as collateral. Users will soon be able to borrow them at their preferred rates and choose from 5 to 6 fixed due dates. This integration aims to make fixed-rate and fixed-term borrowing and lending more accessible and diversified, meeting a wide range of user needs in DeFi.
Furthermore, the term structure will launch a point system, incentivizing user participation through lending and borrowing in primary markets and buying and selling tokens in secondary markets according to the protocol. This points system will reward users for their active participation and contribution to the ecosystem, with other perks such as reward points for referrals and early participants.
In addition, you successfully completed the term structure Trusted preparation ceremony zkTrue-up, its custom zero-knowledge proof system, in collaboration with leading auditing firms such as ABDK, HashCloak, and Bware Labs. The security of the system is ensured because all participants have eliminated “toxic waste,” data that can trick the system into accepting fake evidence. This effectively prevents anyone from taking control of zkTrue-up.
As anticipation for the Mainnet launch grows, these updates underscore Term Structure's dedication to innovation and security in DeFi. By constantly improving its platform and engaging with its community, Term Structure is set to provide reliable solutions with consistent returns to the cryptocurrency community.
About the structure of the term
Term structure Offers a premium ZK Rollup solution that democratizes fixed and fixed rate borrowing and lending 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 at https://ts.finance/ And follow Term Structure's social media updates:
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