The fixed income agreement Term Structure has completed a $4.25 million seed round financing, with Cumberland DRW as the lead investor

ChainCatcher news, the non-custodial fixed income protocol Term Structure has announced the completion of a $4.25 million seed round financing, led by Cumberland DRW, with participation from Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund. To date, its total financing amount has reached $8 million.

According to RootDatat, Term Structure is a non-custodial fixed income protocol, and the current testnet has been launched on Ethereum Goerli. The protocol has two core markets: in the primary market, users can place orders to borrow or lend tokens at a fixed interest rate and fixed maturity date. Once an order is matched, the borrower will receive the borrowed tokens and must repay the debt before the maturity date to reclaim the collateral. Lenders will receive fixed income tokens, which can be redeemed for principal and interest at maturity. In the secondary market, users can buy and sell fixed income tokens through an order book trading system.