Hong Kong, Hong Kong, June 3, 2024, Chainwire

Time period Construction, a pioneering non-custodial bond protocol, has formally gone dwell on mainnet. The launch introduces the primary institutional-grade, market-driven bond protocol, revolutionizing the way in which liquidity is supplied between lenders and debtors in decentralized finance (DeFi). Customers can use LST and LRT as collateral to borrow tokens at mounted charges and phrases, incomes factors and staking rewards within the main market, the place borrowing and lending are facilitated by an public sale mechanism. In the meantime, the secondary market helps buying and selling of those bond tokens by real-time order books, rising liquidity.

Co-founder Jerry Lee acknowledged that from a standard finance (TradFi) perspective, the shortage of fixed-rate merchandise available in the market is a significant factor impeding the speedy progress of DeFi. Time period Construction Protocol fills this hole by providing fixed-rate and fixed-term merchandise that improve threat administration and introduce a variety of buying and selling methods beforehand unavailable within the DeFi ecosystem. These methods are essential for each institutional and particular person funding plans.

With the launch of its mainnet, Time period Construction goals to set a brand new world customary in liquidity administration, enabling customers to safe fixed-cost funding, which is crucial to benefit from leverage alternatives to earn greater floating APYs or capitalize on token value will increase. “Designed to accommodate establishments, merchants and retail traders, our mainnet is a pivotal growth in DeFi, permitting customers to leverage their digital property at mounted charges and phrases,” ​​mentioned Jerry Li.

Customers can earn further factors and staking rewards by looping LRT and LST in Time period Construction. Supply: Time period Construction

Not like different protocols that separate main and secondary markets or use AMMs for various tokens, Time period Construction stands out by providing a unified fixed-rate market that integrates each main and secondary markets. First, customers can borrow tokens at mounted charges and phrases utilizing LST and LRT as collateral, set their desired rate of interest, and select a maturity date within the main market. When an order is matched, the borrower receives the borrowed tokens and should repay the debt by the maturity date to get their collateral again. In the meantime, the lender receives a fixed-rate token redeemable at maturity for principal and curiosity. The secondary market helps the shopping for and promoting of those fixed-rate tokens by a real-time order guide. Moreover, the protocol leverages zkTrue-up, a custom-made ZK Rollup, to get rid of gasoline charges for putting and canceling orders, guarantee quick affirmation, and preserve information availability. It additionally contains security options resembling pressured withdrawal and evacuation mode to guard consumer property within the occasion of an emergency.

zkTrue-up permits customers to withdraw funds at any time, eliminates gasoline charges for putting and cancelling orders, and permits transactions to be accomplished sooner. Supply: Time period Construction

Previous to the mainnet launch, Time period Construction secured $4.55 million in preliminary funding in a collection of seed funding rounds from industry-leading traders, together with Cumberland DRW, Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund. To additional enhance the safety and reliability of the protocol, the protocol's sensible contracts and ZK circuits have been totally audited by two main blockchain safety corporations, ABDK and HashCloak. Moreover, the protocol has labored with ABDK, HashCloak, and Web3 software program growth firm Bware Labs to finish a trusted setup ceremony for zkTrue-up. This ensures the safety of zkTrue-up by discarding “poisonous waste” (information that might trick the system into accepting false proofs) in order that nobody can management it, eliminating the potential for rug-pull.

The protocol has additionally seen important market traction on testnet, with over 8,000 wallets taking part and over 2 million transactions happening. “Our latest testnet buying and selling competitors attracted enthusiastic contributors, with 560 wallets actively taking part and over 314,000 transactions happening, demonstrating the robustness of our platform and its readiness for widespread adoption,” Li added.

Now that mainnet is up and working, Time period Construction plans to roll out a number of revolutionary options that may additional improve the platform's capabilities. These embrace a buying and selling API, layer 2 swaps, roll into Aave, and debt deregistration. The protocol will assist tokens which have the potential to generate extra yield as collateral, implement RWA token-backed lending, and develop DeFi forwards and time period futures. Observe the protocol's social media for the most recent updates and data.

About Time period Construction

Time period Construction introduces its proprietary ZK Rollup answer which democratizes fixed-rate and fixed-term borrowing and lending, and fixed-income buying and selling by providing low transaction charges. It’s backed by Cumberland, HashKey Capital, Decima Fund, Longling Capital, and MZ Web3 Fund.

For extra data, go to Time period Construction's web site at https://ts.finance/ and observe Time period Construction's social media updates.

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