Term Finance eyes fixed-rate lending market

Blue Sheets Simple-Earn offers a new route to fixed-rate lending on EVM chains

article-image

Roman Samborskyi/Shutterstock modified by Blockworks

share


This is a segment from the 0xResearch newsletter. To read full editions, subscribe.


The latest turn from Term Finance is turning heads: Its Blue Sheets Simple-Earn platform now opens institutional-grade fixed-rate lending to the DeFi crowd. For those unfamiliar, Term Finance initially catered to high rollers, running efficient blind auctions onchain to match big-money borrowers and lenders.

Now, the platform — with backing from Coinbase, Electric Capital and Maelstrom — invites anyone with some ether or USDC to earn predictable yields, sans auction hassles and minimum balances.

Co-founder Billy Welch notes that although the Earn platform is only available on Ethereum and Avalanche C-chain for now, there are plans to scale to Ethereum L2s and other EVM networks, as well as 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. “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.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.jpg

Research

Figure, founded by former SoFi CEO Mike Cagney, has emerged as a leader in onchain RWAs, with ~$17.5B publicly tokenized. The platform’s ecosystem volume is growing ~40% YoY as it expands beyond HELOCs into student loans, DSCR loans, unsecured loans, bankruptcy claims, and more. Operationally, Figure cuts average loan production cost by ~93% and compresses median funding time from ~42 days to ~10, creating a durable speed-and-cost advantage.

article-image

The Ethereum co-founder suggested LINEA holders would be eligible for other airdrops in cryptic tweet

article-image

The layer-2’s biggest release yet brings benefits — but a post-upgrade outage caused a chain reorg

article-image

Crypto is shifting into risk-on mode — pump.fun dominates meme activity, while Lido leans on treasury maneuvers

article-image

If the president breaks the Fed, he’ll own the budget problems

article-image

Combining Franklin Templeton’s tokenization expertise with Binance’s trading infrastructure could speed crypto adoption, companies say

article-image

The firm’s upcoming filing comes as competition heats up over the USDH stablecoin