According to Foresight News, the fixed-rate lending protocol Term Finance has completed a $5.5 million strategic financing led by Electric Capital, with participation from Arete Capital, Delta Blockchain Fund, Inception Capital, Blizzard Fund, Maelstrom, etc. The funds raised will be used to develop the protocol and accelerate Term's roadmap, with the goal of simplifying lending through features such as looping, passive lending, automation, and real-time alerts.
