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Term Finance

Term Finance

TERM
$0.1176Up 0.00 percent($0.00)

Key Stats

Market Cap$11.77MUp 0.00 percent
Fully Diluted Value$11.77M
Total Supply100.00M TERM
Max Supply∞
Launch Date2024-05-15
Built OnETH
Token StandardERC20
Smart Contract Address0xc3d2…99bf
Decimal Places18

Term Finance Information

Websites
app.term.finance
Industries
Governance

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
TERMERC20ETH0xc3d21f79c3120a4ffda7a535f8005a7c297799bf2024-05-15

About Term Finance

TERM is an ERC-20 governance token for the Term Protocol, a fixed-rate, fixed-term, collateralised lending system that matches borrowers and lenders through auctions that set a single market-clearing interest rate per auction. After an auction clears, lenders receive ERC-20 “Term Repo Tokens” representing a claim on repayment at maturity. Governance involves a DAO of TERM holders alongside a Term Foundation that operates and maintains the protocol. The DAO funds the Foundation and can veto defined on-chain actions initiated by the Foundation through separate governance contracts covering protocol actions and token or treasury-related actions. TERM is used for governance participation, staking and vote delegation and may be linked to USDC rewards distributed under the system’s rules.

Frequently Asked Questions

Term Finance (TERM) is an ERC-20 token used for governance of the Term Protocol. Term Protocol is a fixed-rate, fixed-term, collateralised lending system where borrowers and lenders are matched through auctions that set a single market-clearing interest rate for each auction. After an auction clears, lenders receive ERC-20 “Term Repo Tokens” that represent a claim on repayment at maturity.

Governance is structured around a DAO made up of TERM token holders alongside a Term Foundation that operates and maintains the protocol. The DAO funds the Foundation and has veto rights over defined on-chain actions that the Foundation can initiate, enforced through separate governance contracts for protocol actions and token or treasury-related actions.

  • Governance participation: TERM is used to take part in the Term DAO’s governance process, including exercising veto rights over defined categories of on-chain actions initiated by the Term Foundation.
  • Staking and vote delegation: TERM can be staked for governance participation and holders can delegate voting power to themselves or another address, depending on the governance setup.
  • Staking rewards: Term describes rewards to stakers distributed in USDC by the Term Foundation, with distribution based on active staking and vote delegation rules set by the system.

Term Finance is developed by Term Labs. The co-founders are:

  • Dion Chu (Chief Executive Officer)
  • Billy Welch
  • Dai Yu (Chief Financial Officer)
  • Robert Chu (Chief Technology Officer)
  • Andrew Zhou
  • Michael Peng