The world of Decentralized Finance (DeFi) is undergoing a notable evolution. Term Finance, a platform known for running efficient blind auctions onchain to match big-money lenders and borrowers, is making a significant shift with its innovative Blue Sheets Simple-Earn platform. The platform, designed to provide an institutional-grade fixed-rate lending service, now opens its doors to the wider DeFi community, providing an opportunity for anyone with some ether or USDC to earn predictable yields.
Previously, Term Finance catered predominantly to high rollers. The platform ran efficient blind auctions onchain to match big-money borrowers and lenders, leveraging the power of blockchain technology to ensure secure, transparent transactions. However, the introduction of the Blue Sheets Simple-Earn platform is a game-changer. Now, instead of dealing with auction hassles and minimum balances, anyone with some ether or USDC can participate in earning predictable yields, expanding the reach of Term Finance beyond its traditional user base.
This evolution has been backed by some of the industry’s heavyweights. Coinbase, Electric Capital, and Maelstrom have all thrown their weight behind the platform’s shift, indicating a broader industry interest in making institutional-grade services accessible to a wider audience.
Billy Welch, the co-founder of Term Finance, revealed that despite the Earn platform currently being limited to Ethereum and Avalanche C-chain, there are ambitious plans for expansion. The platform aims to scale to Ethereum L2s and other Ethereum Virtual Machine (EVM) networks, and also to add more assets.
“Integrating Pendle assets is coming very soon — likely this week — as lenders have become more comfortable lending against these assets,” Welch told Blockworks. This move will open up new opportunities for lenders, allowing them to leverage Pendle assets to generate yield.
However, Welch was keen to stress that risk management remains a key consideration, even as the platform expands its asset base. “We are always interested in more exotic collateral types based on demand, but risk management and lenders’ willingness to lend against assets is a large consideration,” he said.
This latest move by Term Finance underscores the increasing democratization of the DeFi space. By making institutional-grade lending services accessible to a wider audience, the platform is helping to lower the barriers to entry and opening up new opportunities for users. It remains to be seen how the landscape will evolve, but it’s clear that Term Finance is one to watch.
Ultimately, the democratization of DeFi services is not just about making these services available to a wider audience, but also about ensuring they are accessible and easy to use. With the Simple-Earn platform, Term Finance seems to be making significant strides in this direction.
