Term Labs

Term Labs

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Pioneering fixed rate auctions in crypto. Scalable. No spread, No slippage, Low fees. Follow @term_finance for auction results.

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In derivatives markets, funding rates were mixed. This bounce takes perpetual rates back above cycle lows but keeps derivatives rates well below the risk-free rate of 3.64%, reaffirming that bear market conditions continue to hold in cryptoasset markets

Internal market microstructure, shows that after a sharp runup in utilization early February, supply/demand dynamics are beginning to loosen but remain healthy in ETH markets

ETH rates rose by +5bps on the week to 2.77% on a 30-day trailing basis. This move is contrast to the CESR staking index, which closed down -2bps to 2.88% over the same period

Markets closed the week up for the first time in six weeks, with BTC and ETH up +3.53% and +2.34%, respectively. For the first time in a while, BTC showed negative correlation and printed an up week in an otherwise volatile and negative week on the back of war with Iran. While it will be some time before cryptoassets start to rally, it does appear to be hammering out a bottom

Diving into the microstructure of Aave’s USDC markets, internal metrics show utilization hovering around 56%, held down by a further week on week decline in borrow demand (-$72M) over the past week.

New Utility for $rETH holders @Rocket_Pool $rETH can now be used as collateral for fixed-rate loans on Term 🔥 Be among the first to leverage this new liquidity: http:/app.term.finance/auction...

📔 Last week in DeFi Lending ▫️Derivatives rates fall below RFR ▫️ Aave utilization --> 56% ▫️ Term onboards rETH collateral Full report: bit.ly/4oKJnH9 Subscribe: bit.ly/4oCOQzp

First Pendle, next up Curve. More utility and additional yield opportunities coming for Term Meta Vaults depositors. Gauge voting has reached a quorum. Soon(TM)

Term Finance community is getting 5 free UnstakeYield Genesis NFT Passes. See here for more details 👇

UnstakeYield Beta is Live 🟢 We’re excited to open UnstakeYield in Beta, a clean, non-custodial vault designed to capture real on-chain yield from sUSDe / USDe arbitrage via @ethena_labs. What you get • Competitive APY from a market-neutral yield source • Safety first:

Over the past month, perpetual funding rates have flipped from extremely bearish to moderately bullish and recent stabilizing price action in spot crypto-asset price action is consistent with this pattern

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