44 min listen
Why Are Fixed Interest Rate Loans In DeFi So Important? Chatting with Term Labs
Why Are Fixed Interest Rate Loans In DeFi So Important? Chatting with Term Labs
ratings:
Length:
44 minutes
Released:
Feb 20, 2024
Format:
Podcast episode
Description
Jedi had the opportunity to meet with Dion, the CEO of Term Labs to discuss the importance of having fixed interest rates on loans in DeFi.
Term is a decentralized non-custodial lending protocol where users can borrow or lend on a fixed rate basis by participating in weekly (Term) auctions.
Potential borrowers submit their bids and potential lenders submit their ask prices to Term, and then the Term auction contract determines some interest rate that clears the market (the clearing rate). All the lenders who asked less than the clearing rate lend and all borrowers who bid more than the clearing rate borrower at the clearing rate.
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Send in a voice message: https://podcasters.spotify.com/pod/show/blocmates/message
Term is a decentralized non-custodial lending protocol where users can borrow or lend on a fixed rate basis by participating in weekly (Term) auctions.
Potential borrowers submit their bids and potential lenders submit their ask prices to Term, and then the Term auction contract determines some interest rate that clears the market (the clearing rate). All the lenders who asked less than the clearing rate lend and all borrowers who bid more than the clearing rate borrower at the clearing rate.
---
Send in a voice message: https://podcasters.spotify.com/pod/show/blocmates/message
Released:
Feb 20, 2024
Format:
Podcast episode
Titles in the series (100)
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