# Term Finance > Fixed rate lending for everyone Term Finance provides fixed-rate borrowing and lending through weekly auctions that match borrowers and lenders at market-clearing rates. Term Finance helps DeFi users access fixed-rate loans through auction-based matching of borrowers and lenders. With it, users can obtain fixed-rate collateralized loans, lend at predetermined rates, and participate in automated yield strategies. Term Finance aims to eliminate rate volatility common in variable-rate protocols through its weekly auction mechanism. - Type: Project - Sector: Finance - Status: Active - Founded: 2023-08-01 - Profile: https://thegrid.id/profiles/term_finance ## Products - [Term Finance Protocol](https://thegrid.id/profiles/term_finance): Term Finance Protocol enables fixed-rate lending through auction-based matching of borrowers and lenders. The system conducts weekly auctions to establish market-clearing rates while maintaining collateral in isolated smart contracts throughout loan terms. (Decentralised Borrowing & Lending, Live, Main Product) - [Term Vaults](https://thegrid.id/profiles/term_finance): Term Vaults automate fixed-rate lending through professionally curated strategies built on Yearn V3. The system handles auction participation and portfolio rebalancing while enforcing risk management controls through on-chain governance. (Yield Aggregator, Live) - [Term Finance Wallet Analyzer](https://thegrid.id/profiles/term_finance): Term Finance Wallet Analyzer evaluates DeFi wallet activity and assigns scores while distributing Term Points. The system analyzes transaction history and protocol engagement to calculate DeFi participation metrics. (Off-Chain Data APIs and Services, Live) ## Assets - [Term Finance (TERM)](https://thegrid.id/profiles/term_finance): TERM is the utility token of Term Finance Protocol. It is used for governance participation, staking to earn protocol fee revenue, and accessing fee discounts on the platform. Holders can stake their tokens to receive a share of protocol fees while delegating voting power, aligning long-term incentives with the protocol's auction-based fixed-rate lending mechanism that matches borrowers and lenders at market-clearing rates. (Utility) ## Links - [Main](https://www.term.finance) - [Documentation](https://docs.term.finance) - [Blog](https://www.term.finance/blog) - [Media Kit/branding](https://www.term.finance/mediakit) - [Privacy policy](https://docs.term.finance/legal/privacy-policy) - [Terms of Service](https://docs.term.finance/legal/terms-of-use) - [Twitter / X](https://x.com/term_finance) - [Instagram](https://instagram.com/@termfinance) - [Discord](https://discord.com/invite/cFVMQNHRsx) - [Telegram](https://t.me/+Q8nMs4zuM5tmMjAx) - [LinkedIn](https://www.linkedin.com/company/term-labs-inc) - [YouTube](https://www.youtube.com/@TermFinance) - [GitHub](https://github.com/term-finance) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. 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