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Why Are Fixed Interest Rate Loans In DeFi So Important? Chatting with Term Labs

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Content provided by blocmates. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by blocmates or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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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256 episodes

Artwork
iconShare
 
Manage episode 401925248 series 3001776
Content provided by blocmates. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by blocmates or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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.

--- Send in a voice message: https://podcasters.spotify.com/pod/show/blocmates/message
  continue reading

256 episodes

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