The fixed-rate lending protocol Term Finance has completed a strategic financing of 5.50 million USD.

Wu learned that the fixed-rate lending protocol Term Finance has announced the completion of a $5.50 million strategic financing round led by Electric Capital, with participation from Arete Capital, Delta Blockchain Fund, Inception Capital, Blizzard Fund, Maelstrom, and others. The new funds will be used to develop the protocol and accelerate Term's roadmap, simplifying the lending process through features such as recycling, passive lending, automation, and real-time alerts.