Term Labs has launched its fixed-rate lending protocol on Ethereum, which promises zero slippage and no spread. The protocol is designed to appeal to professional portfolios by offering low fees and high-quality blue chip collateral such as Bitcoin, Ethereum, and stablecoins. The lending and borrowing activities that have been most popular among the 2,000 testnet users and private mainnet beta involve borrowing stablecoins against liquid staking tokens and Tether against USDC. Term Finance plans to expand to other blockchains and layer-2 solutions in the near future.