San Diego based maker of a decentralized lending protocol raised $2.5m in Seed funding led by Electric Capital.
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Term Labs raises $2.5m in Seed funding
"We believe Term Labs has the potential to bring a much-needed solution to the market with its decentralized lending protocol. Term's unique auction model originates loans at scale without slippage, bid-offer spread or other hidden transaction costs seen in other variable and fixed rate lending protocols."
