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Fixed Rate Lending Protocol TermMax Secures Strategic Investment from YZi Labs

On August 27, the fixed rate lending protocol TermMax (parent company Term Structure Labs) announced that it has secured a strategic investment from YZi Labs, with the amount undisclosed. TermMax is a selected project in the third season of YZi Labs' incubation program, EASY Residency. The protocol has raised over $8 million in total funding, with previous investors including lead investor Cumberland DRW from the 2023 seed round, as well as HashKey Capital, Decima Fund, Longling Capital, and MZ Web3 Fund. TermMax's 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 reaching 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 (leveraged position certificates), with settlement conducted through physical delivery. Its token $TMX completed its Token Generation Event (TGE) on August 25, with trading available on platforms such as Binance Alpha, Kraken, Bitget, MEXC, and KuCoin on its first day. Moving forward, TermMax plans to focus on three areas: on-chain yield curves, interest and options markets for tokenized stocks, and the institutional financing platform TermPrime.

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