Fixed-rate lending protocol TermMax secures strategic investment from YZi Labs
41 minutes ago
Fixed-rate lending protocol TermMax (parent company Term Structure Labs) announced a strategic investment from YZi Labs, with the investment 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; previous investors include Cumberland DRW, which led its 2023 seed round, as well as firms such as HashKey Capital, Decima Fund, Longling Capital, and MZ Web3 Fund. TermMax’s mainnet launched in April 2025, and is currently deployed across 10 EVM-compatible blockchains, operating 60 fixed-rate markets and 40 strategy vaults, with a total value locked (TVL) of tens of millions of dollars and over 1.5 million registered wallets. The protocol enables 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 settlements executed via physical delivery. Its native token $TMX completed its Token Generation Event (TGE) on August 25, and began trading simultaneously on platforms including Binance Alpha, Kraken, Bitget, MEXC, and KuCoin on its first day. According to updates, TermMax will advance its development along three core directions: on-chain yield curves, interest and option markets for tokenized stocks, and institutional lending platform TermPrime.
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