#21: Dion Chu, Term Finance | Beyond Variable Rates, DeFi's Fixed Income Future

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Today’s guest is Dion Chu, Co-founder and CEO of Term Finance, a fixed-rate lending protocol. Term has raised over 7mm led by Electric Capital. Their token just recently went live and is trading on top exchanges like Kraken

* Ryan: https://x.com/RyanRodenbaugh

* Wallfacer: https://x.com/wallfacerlabs

* Vaults.fyi: https://x.com/vaultsfyi

* Dion Chu: https://x.com/dionchu

* Term Labs: https://x.com/term_labs

Timestamps:

* 00:09 - Introduction to Dion Chu and Term Finance

* 00:28 - What Term Finance does and what makes it unique in the lending space

* 01:04 - The auction mechanism and insights that led to Term Finance's approach

* 06:04 - How treasury auction mechanisms were adapted for DeFi

* 09:02 - Potential for collusion in auction markets 10:29 - Supply and demand dynamics in Term Finance's market

* 13:02 - Approaches to cultivating more lending capital

* 15:03 - Impact of low variable rates across DeFi on Term's rates

* 18:18 - Overview of Term's product suite (auctions, blue sheets, meta vaults)

* 21:43 - Collateral preferences and makeup from borrowers

* 23:26 - Cross-chain expansion and differences between Ethereum and Avalanche

* 27:14 - Selling points for institutional capital and family offices

* 28:56 - Security benefits of Term's architecture

* 31:18 - Token launch learnings and advice for other founders

* 36:24 - Next innovations and improvements planned for Term

* 37:31 - Original vision of success and how goals have evolved

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