Fixed-rate lending agreement TermMax receives strategic investment from YZi Labs

The fixed-rate lending protocol TermMax (parent company Term Structure Labs) announced a strategic investment from YZi Labs, with the amount undisclosed. TermMax is a selected project in the YZi Labs incubation program EASY Residency for the third quarter. The protocol has raised over $8 million in total financing, with previous investors including lead investor Cumberland DRW from the 2023 seed round, as well as HashKey Capital, Decima Fund, Longling Capital, MZ Web3 Fund, and other institutions.

The TermMax mainnet is set to launch in April 2025 and is currently deployed on 10 EVM-compatible chains, operating 60 fixed-rate markets and 40 strategy vaults, with a total locked value of tens of millions of dollars and over 1.5 million registered wallets. The protocol achieves fixed-rate lending by splitting debt into three tradable tokens: FT (zero-coupon bonds), XT (interest and option value), and GT (leverage position certificates), with settlement using physical delivery.

Its token $TMX completed its TGE on August 25, with trading on the first day across platforms such as Binance Alpha, Kraken, Bitget, MEXC, and KuCoin. It is reported that TermMax will subsequently advance in three directions: on-chain yield curves, interest and options markets for tokenized stocks, and the institutional financing platform TermPrime.