This is a segment from the 0xResearch newsletter. To read full editions, subscribe.
The latest turn from Term Finance is turning heads: Its Blue Sheets Simple-Earn platform now opens institutional-grade fixed-rate lending to the DeFi crowd. For those unfamiliar, Term Finance initially catered to high rollers, running efficient blind auctions onchain to match big-money borrowers and lenders.
Now, the platform — with backing from Coinbase, Electric Capital and Maelstrom — invites anyone with some ether or USDC to earn predictable yields, sans auction hassles and minimum balances.
Co-founder Billy Welch notes that although the Earn platform is only available on Ethereum and Avalanche C-chain for now, there are plans to scale to Ethereum L2s and other EVM networks, as well as to add more assets.
“Integrating Pendle assets is coming very soon — likely this week — as lenders have become more comfortable lending against these assets,” Welch told Blockworks. “We are always interested in more exotic collateral types based on demand, but risk management and lenders’ willingness to lend against assets is a large consideration.”