What is Terminus?
Terminus is a peer-to-peer fixed-rate lending protocol built on Starknet. It connects lenders who want predictable, guaranteed yield with borrowers who need liquidity without selling their crypto holdings.
The Problem
DeFi lending today is dominated by pool-based protocols where interest rates fluctuate constantly. Lenders can't predict their returns, and borrowers face the risk of rate spikes or sudden liquidations driven by pool dynamics rather than their individual loan health.
Our Approach
Terminus takes a fundamentally different approach. Every loan is a direct, one-to-one agreement between a lender and a borrower. The interest rate is fixed at the time of origination and never changes. The duration is agreed upon upfront. There are no pools, no variable rates, and no surprises.
Why Starknet?
Starknet provides the security of Ethereum with dramatically lower transaction costs. This makes peer-to-peer lending economically viable — managing individual loan positions on Ethereum mainnet would be prohibitively expensive, but on Starknet it costs a fraction of a cent.
Key Principles
- Transparency — all terms are visible before committing
- Predictability — fixed rates mean no surprises for either party
- Sovereignty — you choose your counterparty and terms, not an algorithm
- Over-collateralization — every loan is backed by crypto assets worth more than the principal
- Non-custodial — smart contracts hold collateral, not Terminus
What's New
- Lending vaults — tokenized ERC-4626 vaults let you pool capital and collectively match offers
- Loan position NFTs — your lender positions are ERC-721 NFTs; transfer or trade them if you wish
- Per-offer whitelists — restrict who can match your offer to specific addresses
- Creation deposit — a small anti-spam deposit on offers (refunded when matched)
- Borrower transfer — transfer your borrower position to another address with lender consent
- Protocol limits — collateral ratio and duration bounds set by governance