YZi Labs makes undisclosed strategic investment in TermMax fixed-rate lending protocol for on-chain bonds

On August 26, TermMax, a fixed-rate lending protocol built by Term Structure Labs, announced that it received a strategic investment from YZi Labs; the investment terms were not disclosed in the reports ^{[1] [2] [3]}.

Multiple outlets said TermMax was selected for YZi Labs’ EASY Residency Season 3 and that the protocol had raised more than $8 million to date, with earlier backers including Cumberland DRW (as reported in the coverage) ^{[1] [2] [3]}.

The investment reported was described as aiming to build out on-chain bond market infrastructure for fixed-income products, according to TheCoinrise.com; it also stated that YZi Labs is the investment arm formerly known as Binance Labs (rebranded after Binance restructured its venture operations) ^[4].