In today's evolving crypto finance landscape, TERM Finance is gradually gaining market attention as an innovative protocol focused on solving the "impossible triangle" problem of DeFi lending,In today's evolving crypto finance landscape, TERM Finance is gradually gaining market attention as an innovative protocol focused on solving the "impossible triangle" problem of DeFi lending,
新手學院/市場洞察/活動專區/What Is TER...ng Dilemmas

What Is TERM Finance? 5 Key Features Analysis on How TERM Solves DeFi Lending Dilemmas

Jul 16, 2025MEXC
0m
#Popular Events#Spot#Basic Concepts
FINANCE
FINANCE$0.0001844-0.10%
DeFi
DEFI$0.000546+3.40%
OpenLedger
OPEN$0.16353-3.72%
BounceToken
AUCTION$4.956-2.61%
Polytrade
TRADE$0.05106-0.50%
In today's evolving crypto finance landscape, TERM Finance is gradually gaining market attention as an innovative protocol focused on solving the "impossible triangle" problem of DeFi lending, offering users an unprecedented borrowing experience. Whether you're an experienced cryptocurrency investor or a newcomer, understanding TERM could open new opportunities to your portfolio.

1. What is TERM Finance?


TERM Finance is a non-custodial, scalable fixed-rate lending protocol designed to bring the most fundamental financial instrument from traditional finance—fixed-rate lending—to the cryptocurrency market. Unlike other DeFi lending platforms, TERM achieves direct matching between borrowers and lenders through an innovative on-chain double auction mechanism, ensuring both parties trade at fixed rates for fixed terms without sacrificing transparency, efficiency, or security.

TERM Finance refers to the entire protocol and platform, while the TERM token is the platform's native token, similar to the relationship between Ethereum and ETH. As the core of the ecosystem, the TERM token grants holders various rights and functions.

2. Three Major DeFi Lending Dilemmas TERM Finance Aims to Solve


TERM Finance focuses on solving three core problems in the crypto lending market:

1）Lack of transparency in centralized finance (CeFi): Traditional centralized lending platforms (such as Celsius, BlockFi) lack sufficient transparency, with user assets completely controlled by centralized companies. The FTX collapse has proven the enormous risks in this model.

2）Insufficient scalability of DeFi fixed-rate platforms: Existing DeFi fixed-rate solutions are inefficient when handling large transactions, with highly volatile interest rate fluctuations and poor capital efficiency, making it difficult to attract sufficient liquidity.

3）Lack of stability in DeFi floating-rate platforms: Mainstream DeFi lending platforms (such as Aave, Compound) adopt floating rate models, where rates can surge from 5% to 20%, lacking predictability and making long-term financial planning challenging for users.

3. Five Core Features of TERM Finance


1) Innovative Double Auction Mechanism
  • Sealed bidding: All bids are hidden from the public through hash algorithms until market clearing.
  • Single price: All participants trade at the same clearing price.
  • Second-price mechanism: Reduces participants' incentives to submit non-true valuations.
  • Proportional allocation: Prioritizes the lowest-cost suppliers and the most willing borrowers.

2) Non-Custodial Fixed-Term Lending
  • Fixed-term, fixed-rate lending model.
  • Non-recallable: Neither party can terminate the contract early during the loan period.
  • Collateral-backed: All loans are backed by liquid digital assets.
  • Non-custodial architecture: Collateral locked in smart contracts, verifiable in real-time.

3) Efficient Capital Utilization
  • Funds are locked only during auction periods, and unsuccessful bids are immediately returned.
  • Single market clearing rate avoids supply-demand rate gaps.
  • No need for large idle funds to achieve scale.

4) Transparent Liquidation Mechanism
  • Clear maintenance margin rate requirements.
  • Smart contracts limit the amount of debt liquidators can cover.
  • Transparent and predictable liquidation process.

5) Enhanced Security Design
  • User screening mechanism ensures platform safety and compliance.
  • Independent Term Repo Locker design isolates collateral for different maturities and assets.
  • Reduces users' exposure to cybersecurity risks.

4. Main Functions of TERM Token


As the platform's native token, TERM has multiple practical functions:
1）Governance Participation: Holders can vote on important platform proposals, influencing the protocol's future development.
2）Staking Rewards: Staking TERM can earn additional rewards and more voting rights.
3）Transaction Fee Discounts: Holders enjoy discounts on platform service fees.
4）Priority Auction Participation: Holders of a specific quantity can gain special auction privileges.
5）Liquidity Provider Incentives: Incentivizes liquidity providers in the ecosystem.
6）Protocol Revenue Sharing: Through governance decisions, portions of protocol revenue may be allocated to token holders.

5. Future Development Potential of TERM Finance


From multiple dimensions, TERM Finance shows broad development prospects:
1）Product Diversification: Expected to expand its product offerings, launching more fixed-rate financial products with varying term options.
2）Asset Support Expansion: As the protocol matures, it may support more types of collateral, including tokenized real-world assets (RWA).
3）Institutional Cooperation: Its traditional finance-like characteristics have the potential to attract institutional investors, promoting integration between crypto and traditional finance.

6. How to Purchase TERM Tokens on MEXC

As a leading global cryptocurrency exchange, MEXC provides trading services for TERM tokens. Simple steps to purchase TERM:

1）Register a MEXC account: Visit the MEXC official website to complete registration and KYC verification.
2）Deposit funds: Deposit USDT or other mainstream cryptocurrencies to your MEXC account.
3）Find TERM trading pair: Search for "TERM" in the trading area, select the TERM/USDT trading pair.
4）Place a buy order: Choose market order or limit order, confirm quantity and amount before submitting the order.
5）Secure storage: After completing the transaction, you can store TERM in your MEXC account or transfer it to a personal wallet.

Disclaimer: This material does not provide advice on investment, tax, legal, financial, accounting, consulting, or any other related services, nor is it a recommendation to buy, sell, or hold any assets. MEXC Learn only provides information for reference and does not constitute any investment advice. Please ensure you fully understand the risks involved and invest cautiously. All investment behaviors by users are unrelated to this site.


熱門文章

搞懂 MEXC 合約資金費率，從此不再為「隱形成本」買單！

搞懂 MEXC 合約資金費率，從此不再為「隱形成本」買單！

您是不是也遇過這樣的情況：合約交易看對了方向，但收益越來越少？帳戶餘額莫名其妙減少？其實您可能忽略了一個關鍵細節——資金費率。在 MEXC 永續合約交易中，資金費率是許多新手忽略卻極為重要的成本變數。今天我們就來一文講透它的本質、計算方式、結算規則以及如何避坑，讓您從此看清「隱含本」的真相。1. 什麼是資金費率？新手必須搞懂的「費用橋樑」資金費率（Funding Rate） 是一種用於調節合約市場

加密合規風控趨勢下，如何守護行業的正向發展

加密合規風控趨勢下，如何守護行業的正向發展

隨着加密貨幣逐步融入傳統金融體系，主流加密資產已不再僅是投資標的，也正在成為突破傳統金融邊界的重要支付與結算工具。各國和地區相繼出台針對加密貨幣的監管框架，在保障金融創新與支付便利性的同時，防範其被用於洗錢、恐怖融資及其他非法活動。作為資金流轉與交易的核心基礎設施，加密貨幣交易平台必須同步提升合規與風險控制能力。主流交易所普遍遵循一套全球適用的反洗錢（AML）與制裁合規標準，確保在風險控制的底線與

什麼是ETH加密貨幣？以太坊數位貨幣新手指南

什麼是ETH加密貨幣？以太坊數位貨幣新手指南

ETH是驅動以太坊區塊鏈的數位貨幣，既是交易媒介，也是網路運作的燃料。 本指南解釋什麼是ETH加密貨幣、運作原理，以及為何它已成為市值第二大的加密貨幣。 您將學習如何安全地購買、儲存和使用ETH，以及影響其在當今加密貨幣市場價格的關鍵因素。 重點摘要 ETH（以太幣）是以太坊的原生加密貨幣，既是數位貨幣，也是驅動網路運作的燃料。以太坊上的每筆交易都需要支付少量的Gas費用（以ETH支付）給透過權益

以太坊何時創建？起源與發布日期詳解

以太坊何時創建？起源與發布日期詳解

以太坊是市值第二大的加密貨幣，為數千個去中心化應用程式提供動力，並將區塊鏈技術革新到遠超簡單支付的範疇。 本文探討以太坊何時創建，追溯其從 Vitalik Buterin 於 2013 年的初始概念到 2015 年正式啟動的歷程。 您將了解關鍵日期、創始團隊成員，以及塑造以太坊成為今日平台的關鍵時刻。 無論您是加密貨幣新手還是想了解以太坊起源，這份完整的時間軸將回答您關於這個突破性區塊鏈如何誕生的

熱門加密動態

1400萬美元加密貨幣詐騙曝光：社交工程手法如何欺騙投資者

1400萬美元加密貨幣詐騙曝光：社交工程手法如何欺騙投資者

社交媒體欺詐：重大加密貨幣詐騙背後的兩階段招募策略 美國證券交易委員會（SEC）最近揭露了一起高達1400萬美元的大規模加密貨幣詐騙案，該案依靠精心設計的兩階段招募流程，透過社交媒體和WhatsApp等私人通訊應用程式進行。在初始階段，詐騙者冒充來自AI Wealth Inc.和Lane Wealth Inc.等聽起來合法的投資公司的代表，使用精美的社交媒體資料來吸引潛在受害者，承諾提供由先進演算

Stablecoins 在 2025 年：數位美元基礎設施的崛起

Stablecoins 在 2025 年：數位美元基礎設施的崛起

1. Stablecoins 突破 3,000 億美元門檻：從小眾創新到金融基石 Stablecoins 在 2025 年市值突破 3,000 億美元大關，從小眾加密貨幣工具演變為全球金融基礎設施的基石。截至 2025 年 11 月底，stablecoin 市場總額達到 3,030 億美元，儘管在更廣泛的加密市場修正推動下，單月下跌 45.4 億美元——這是 26 個月來的首次——仍標誌著一個重要

APR (Annual Percentage Rate) 在加密貨幣中的應用：全面指南

APR (Annual Percentage Rate) 在加密貨幣中的應用：全面指南

APR（年度百分比率）在加密貨幣中是應用於您存入數位資產的簡單年化利率——廣泛用於質押、借貸和流動性提供——它僅基於您的原始本金來衡量回報，不考慮複利效應。 基本背景以及 APR 如何對應到加密貨幣應用場景 APR 最初是傳統金融的衡量指標，用於宣傳和比較貸款和存款的利息，加密貨幣產業採用它來為使用者提供一個清晰的基準，用於評估質押、借貸和提供流動性等活動的預期回報。在加密貨幣中，APR 受協議發

什麼是微軟（MSFT）？

什麼是微軟（MSFT）？

如果你在研究 Microsoft 股票（MSFT），你關注的是現代科技最重要的美股之一。Microsoft 以 Windows 與 Office 聞名，但如今公司的獲利能力主要由 雲端運算（Azure）、訂閱制軟體（Microsoft 365），以及深入全球成千上萬家企業的企業平台所塑造。本文將說明 Microsoft（MSFT） 是什麼、所屬產業、Microsoft 提供什麼、Microsoft

相關文章

什麼是 MEXC 止盈止損委託？自動化風險管理與利潤鎖定策略

什麼是 MEXC 止盈止損委託？自動化風險管理與利潤鎖定策略

1. 什麼是止盈止損委託 止盈止損委託允許用戶提前設置觸發價，以及觸發後的買入/賣出價格和數量。當市場最新價達到觸發價時，系統將按照用戶預設的條件自動提交相應的委託單。 MEXC 現貨交易的止盈止損委託，包括限價止盈止損委託和市價止盈止損委託兩種委託方式。止盈止損委託適用於在市場行情有利時鎖定利潤或在不利時限制損失。 2. 止盈止損委託核心參數說明 1）觸發價：當市場最新價達到觸發價時，將執行預設

秒懂現貨交易

秒懂現貨交易

加密市場中常見的交易方式主要分為現貨交易和合約交易。現貨交易指的是通過在市場上買入或賣出數字貨幣，實現兩種不同加密貨幣之間的兌換並持有加密貨幣的行為。現貨交易的價格通常是實時市場價格，交易者可以在任何時候進行交易，並且沒有到期日。如何在MEXC進行現貨交易本篇內容我們以 MX 為例，進行頁面詳情的展示和交易演示。由於交易頁面 App 端相對簡單，包含信息不如 Web 端豐富，因此頁面詳情展示我們以

什麼是MEXC盤前交易

什麼是MEXC盤前交易

1. 什麼是盤前交易盤前交易是 MEXC 提供的一個場外交易（OTC）服務。它使交易者有機會在新代幣在加密貨幣交易所正式上市之前買賣新代幣。這種交易方式允許買家和賣家自行設定價格並匹配交易。這樣您就可以按照您想要的價格進行交易。通過 MEXC 盤前交易，您可以在代幣進入公開市場之前獲得競爭優勢。始終了解交易流程和要求，以最大限度地提高您的交易成功率。2. 盤前交易有什麼優勢MEXC 盤前交易為投資

什麼是 MEXC 閃兌交易

什麼是 MEXC 閃兌交易

MEXC 閃兌交易是指一種在加密貨幣交易所中快速進行資產交換的方式，允許用戶在不同的加密貨幣之間進行即時兌換，而不需要通過傳統的訂單簿進行掛單和撮合。MEXC 閃兌交易的主要特點是交易速度快、操作簡單、無需等待市場匹配。1. MEXC 閃兌交易有哪些特點1.1 即時兌換。用戶只需要選擇想要交換的幣種和數量，系統會基於當前市場的匯率提供即時兌換。兌換幾乎是「立刻」完成的，幾秒鐘內就能完成轉換。1.2

註冊MEXC帳號
註冊 & 獲得高達10,000 USDT獎金