Fixed-rate DeFi platform developer Term Labs has launched the fixed-rate lending protocol Term Finance on Ethereum

ChainCatcher news, according to Decrypt, fixed-rate DeFi platform developer Term Labs has launched a fixed-rate lending protocol Term Finance on Ethereum, which will match borrowers and lenders at predetermined interest rates.

ChainCatcher previously reported that Term Labs, the developer of the fixed-rate DeFi platform Term Finance, has completed a $2.5 million seed round financing, led by Electric Capital.