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Today’s guest is Dion Chu, Co-founder and CEO of Term Finance, a fixed-rate lending protocol. Term has raised over 7mm led by Electric Capital. Their token just recently went live and is trading on top exchanges like Kraken
Wallfacer: https://x.com/wallfacerlabs
Vaults.fyi: https://x.com/vaultsfyi
Dion Chu: https://x.com/dionchu
Term Labs: https://x.com/term_labs
Timestamps:
00:09 - Introduction to Dion Chu and Term Finance
00:28 - What Term Finance does and what makes it unique in the lending space
01:04 - The auction mechanism and insights that led to Term Finance's approach
06:04 - How treasury auction mechanisms were adapted for DeFi
09:02 - Potential for collusion in auction markets 10:29 - Supply and demand dynamics in Term Finance's market
13:02 - Approaches to cultivating more lending capital
15:03 - Impact of low variable rates across DeFi on Term's rates
18:18 - Overview of Term's product suite (auctions, blue sheets, meta vaults)
21:43 - Collateral preferences and makeup from borrowers
23:26 - Cross-chain expansion and differences between Ethereum and Avalanche
27:14 - Selling points for institutional capital and family offices
28:56 - Security benefits of Term's architecture
31:18 - Token launch learnings and advice for other founders
36:24 - Next innovations and improvements planned for Term
37:31 - Original vision of success and how goals have evolved
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