Term Structure Labs Taiwan

Term Structure Secured an Initial Funding of USD 4.25 Million in a Series Seed Fundraising Round, With Cumberland DRW Leading the Investment

on Ethereum Goerli. This protocol currently has two core markets on its platform. In the primary markets, users can place orders to borrow or lend tokens with fixed interest rates and fixed maturity dates. Once orders are matched, borrowers will receive borrowed tokens and must repay their debts before the maturity date to reclaim their collaterals. Lenders will receive fixed-income tokens, redeemable for principal plus interest upon maturity. In the secondary markets, users can buy and sell fixed-income tokens through the orderbook trading system.

To secure users' assets, the zkTrue-up scaling solution, a customized ZK Rollup, is in place to achieve data availability and enable users to place and cancel orders without gas fees. Users can also initiate Forced Withdrawal on the zkTrue-up contract to directly withdraw funds in case of censorship or any issues. If the withdrawal request is not fulfilled, users can activate the Evacuation Mode and perform the evacuation on the L1 contract to protect their assets.

A workshop will go live on December 4th, 2023 on YouTube to introduce the protocol, and the AMA will be held on December 5th, 2023.  Furthermore, a trading competition will be organized after the testnet launch. Prizes, including 10,000 USDC, will be awarded to winners. Programmatic trading APIs and SDKs will also soon become available for professional traders. Please visit Term Structure's official website, https://ts.finance/, to stay updated.

Media Contact: Weiting Chen, [e-mail]

View original content:https://www.prnewswire.co.uk/news-releases/term-structure-secured-an-initial-funding-of-usd-4-25-million-in-a-series-seed-fundraising-round-with-cumberland-drw-leading-the-investment-302000075.html