The DeFi project Term Structure successfully raised $4.25 million in investments

The DeFi project Term Structure successfully raised $4.25 million in investments

user avatar

by Max Nevskyi

3 years ago

The decentralized financial services platform Term Structure has successfully completed its initial investment round, raising $4.25 million. Investors in the round included HashKey Capital, LongLing Capital, MZ Web3 Fund, and Decima, with Cumberland playing a leading role in the investments.

It is noted that this is the company's second round of financing. According to information from CrunchBase, the company had already raised $2.5 million in September 2022, bringing the total funding to over $6.5 million.

The DeFi platform Term Structure offers its users services for providing fixed and term loans within the framework of decentralized financing. Additionally, the platform facilitates the buying and selling of cryptocurrencies on the secondary market through an internal order book trading system.

Fixed income products are one of the main elements of the traditional financial market structure. The demand for them is an important signal of the growing maturity of this sector.stated representatives of Cumberland

The venture company emphasized that the decision to invest in Term Structure was driven by its leading position in the market. In the official statement, it is specified that Cumberland focuses on supporting innovative and effective solutions that meet the current needs of the market.

Term Structure plans to use the raised investments to expand and improve its platform. The main goal is to develop new products that will help both companies and individual users better plan their financial flows in the field of decentralized finance (DeFi) and evaluate various investment opportunities.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Lido Introduces New Community Staking Module for Ethereum Validators

Lido has launched a new Community Staking Module on October 23, allowing Ethereum validators to hold larger effective balances.

user avatarJacob Williams

Understanding Saffron's Vault System

Saffron's current product structure separates upfront payments from uncertain trading fees generated by Uniswap liquidity positions.

user avatarSon Min-ho

Bank Policy Institute Critiques Stablecoin Regulation

The Bank Policy Institute has renewed its criticism of the Office of the Comptroller of the Currency's final stablecoin rule, particularly regarding the treatment of third-party arrangements.

user avatarZainab Kamara

Kraken Introduces SFI Trading on October 23

On October 23, Kraken announced the addition of SFI trading, providing fresh access to a token associated with the Saffron protocol, which has undergone significant changes since its early DeFi days.

user avatarAyman Ben Youssef

Kraken Exchange Announces Withdrawal Phase for 13 Assets

Kraken has officially moved into the withdrawal phase for 13 assets, with trading and deposits set to stop on October 23, 2023. Customers are urged to withdraw their remaining tokens before the exchange begins liquidating balances.

user avatarTando Nkube

Cardano's Leios Scaling Plan Unveiled

Cardano has unveiled a detailed roadmap for its Leios scaling plan, targeting significant increases in transaction capacity with a staged approach for adjustments based on real-world performance.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.