Term Finance
Term Finance is a noncustodial fixed-rate lending protocol that uses on-chain auctions to match borrowers and lenders on Ethereum.
What is Term Finance?
Term Finance is a noncustodial fixed-rate collateral lending protocol, inspired by traditional tri-party repo arrangements. It uses unique recurring auctions where borrowers submit sealed bids and lenders submit offers, determining the market-clearing interest rate. Above-rate bidders get loans, while below-rate lenders facilitate loans. Unmatched bids and offers remain. After auctions, borrowers receive loan proceeds, and lenders get ERC-20 tokens for redemption. Smart contracts handle repayments and collateral management. Weekly auctions are held on Ethereum across a variety of terms up to a year out.
Web3 dapps and developer tools related to Term Finance
Discover blockchain applications that are frequently used with Term Finance.
RHEA Finance
Compound Blue
YieldFi
AlphaPing
Developer resources from Alchemy
Top 5 security strategies for DeFi wallets in 2025
Off-chain attacks caused 80.4% of 2024 crypto losses. Smart wallets offer better security, here's how.
Deposit tokens for banks: a practical playbook
Major banks are quietly processing $10B+ daily in tokenized deposits. Here's how deposit tokens could capture $140 trillion by 2030 and a playbook to integrate for banks.
How Axal built 9% APY automated savings with smart wallets
Axal: 9% APY DeFi savings via smart wallets. Sub-400ms deposits, 99% lower fees, automated multi-protocol diversification.
Term Finance alternatives
Explore web3 competitors and apps like Term Finance.
Aave
Compound
Seamless Protocol
Cream FinanceApp store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
