Term Finance has shifted focus to open institutional-grade fixed-rate lending to the decentralized finance (DeFi) community. Initially catering to high-profile borrowers through blind auctions, the platform now allows users with ether or USDC to earn predictable yields without the complexities of auctions. Co-founder Billy Welch mentioned that the Earn platform currently operates on Ethereum and Avalanche’s C-chain, with plans to expand to Ethereum L2s and other EVM networks, including the integration of Pendle assets. This development comes as lenders show increased confidence in lending against diverse collateral, with further exotic types being considered based on demand. The move aims to broaden access to fixed-rate lending, democratizing opportunities in the DeFi space.

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