ncdrew.eth

Founder @TermLabs

[Dion Chu @dionchu]

Fixed-rate lending is ultimately about commitment.

If users are locking capital into a rate and a term, the market structure should be inspectable end-to-end: contracts, risk assumptions, settlement mechanics, and audits.

Readable infrastructure is how DeFi earns trust.

[Term Labs @term_labs]

DeFi infrastructure should be readable by anyone.

Term Finance, Terminal 1 contracts are now open source — and audited by @sigp_io.

If you're going to lock capital at fixed rates, you should be able to read what you're locking it into.

Full audit report is now public and verifiable:
🔗 https://t.co/hscygpqILo

View deployed contracts + transparency details:
🔗 https://t.co/gvr4letsNt

[Dion Chu @dionchu]

Vitalik’s options-based stablecoin framing is interesting because it doesn’t eliminate liquidation risk so much as move the responsibility.

Instead of an oracle/liquidation engine protecting the system in real time, P holders have to manage downside, maturity, and roll risk themselves.

If ETH tanks and the “stablecoin” holder is not quick to react or rebalance, they are the one left holding the bag.

Different failure mode. Not no failure mode.

https://t.co/De5c0YgOGk

[Dion Chu @dionchu]

Morpho just dropped the Midnight whitepaper — a clean fixed-rate primitive.

My take: it’s the clearest sign yet that fixed-rate DeFi is moving from “build the market” to “make it actually usable.”

But here’s the key difference most people are missing…

[Term Labs @term_labs]

The Term USDT0 Meta Vault on @plasma is now live on @pendle_fi!
From yield farmers and Plasma bulls to vePENDLE voters — this unlocks new ways to grow your assets.

Whether you’re locking fixed yields or going long Plasma, here’s how to get involved 👇

[K3 Capital @k3_capital]

Introducing the K3 Capital USDT0 Vault on @Plasma, powered by @term_labs

⚡ USDT0 seamlessly allocated across Term repo markets for fixed yield
⚡ Idle liquidity deployed into @eulerfinance for capital efficiency

Now live on Plasma with 30%+ APY with $XPL incentives.

[yearn @yearnfi]

Yearn curation is expanding its offerings to @term_labs

We are deploying a USDS vault which combines fixed-rate lending infrastructure with Yearn's yield optimization expertise.

Consistently high USDS yield curated by @yearnfi

[BNB Chain @BNBCHAIN]

Welcome @term_labs to the BNB Chain DeFi ecosystem 👏

Note: This post is for informational purposes only and not financial advice. DYOR

https://t.co/wCVY59Spzi

[Billy @bwelch13]

It was a pleasure to join Commissioner Peirce and the SEC Crypto Task Force this week in Chicago to share the views crypto teams building in the US.

It is refreshing to have principles based regulators leading the charge to represent true America values when it comes to crypto and financial markets.

We are very fortunate to have individuals, like Commissioner Peirce, helping to shape the future of crypto in the US.

I feel very proud to have participated and look forward to brighter days ahead with the US being a leader in crypto markets globally. 🇺🇸

[Nomatic @Nomaticcap]

This historic auction closed ~1 hour ago 👏

I believe it's one of the first instances of a cross chain PT being used as collateral (on @avax)

This involved:

@term_labs
@pendle_fi
@ethena

We wrote it up in Yields of the Week (see below).

Borrowers were able to borrow USDC against their PT USDE 27NOV collateral at 6% ($978,860 cleared).

I think this PT is yielding around 8.5% so there's a nice little spread in there.

Again if curious, more clearing results for this auction and our YOTW writeup below:

[Term Labs @term_labs]

Term is now LIVE on @BNBCHAIN

Borrow and lend with fixed-rate confidence 🔒

Term unlocks predictable, onchain borrow/lend for millions in the BNB Chain ecosystem

[Term Labs @term_labs]

Excited to participate as a member of the @base ecosystem. Vote and earn ETH when Term wins.

[Nomatic @Nomaticcap]

PTs by Pendle are going cross-chain to @avax. Pretty cool to see and @term_labs is letting you borrow against these PT-USDe 27 Nov 2025.

Might have to look into this a little closer in YOTW 👀

[Billy @bwelch13]

Great collaboration with @paretocredit @FalconXGlobal @M11Credit and @term_labs increasing RWA utility onchain. 📈

[ncdrew.eth @ncdrewETH]

@ChiRuxinBGO Jaden Daniels would have won this game…cause he did last year on the biggest stage.

[Term Labs @term_labs]

@ethena and @pendle_fi are live on @avax 🔺 with fixed rate lending from @term_labs.

On Term, borrow USDC against sUSDe and PT-USDe 27 Nov 2025.

Matched maturity loans at a fixed rate only on Term.

No interest rate spikes. No uncertainty.

Let’s dive in ⬇️

[ncdrew.eth @ncdrewETH]

@RBPhillyTake I don’t like this OC. 0 targets for Brown? Seriously?

[TID Capital @tidcapital]

Currently the highest yield strategy vault on @term_labs

[Term Labs @term_labs]

Term's CEO @dionchu to speak at @mrblock summit on fixed-rate lending growth & yield farming trends

📅 Fri, Sep 5
📍 Syntrend 12F, Taipei
🔗 https://t.co/7xgsNESw78

[Term Labs @term_labs]

Bringing more money into the crypto space in a way that benefits everyone