Wu said that the fixed-rate lending agreement Term Finance announced the completion of a US$5.5 million strategic financing, 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 to simplify the lending process through features such as looping, passive lending, automation, and real-time alerts. Recently, Term Finance has also launched a points function, including lending points, invitation points, etc. At the end of the reward cycle, the accumulated points can be used to obtain rewards.
