YZi Labs Backs TermMax to Bolster On-Chain Bond Market Infrastructure

TermMax, a fixed-rate lending protocol built by Term Structure Labs, has secured a strategic investment from YZi Labs. The terms of the deal were not disclosed.

The investment is part of YZi Labs' EASY Residency Season 3 and marks a significant milestone for TermMax, which has already raised over $8 million to date. Its earlier backers include Cumberland DRW, HashKey Capital, Decima Fund, Longling Capital, and MZ Web3 Fund.

TermMax has been live on mainnet since April 2025 and operates across 10 EVM-compatible chains, with 60 fixed-rate markets, 40 strategy vaults, tens of millions of dollars in total value locked, and over 1.5 million registered wallets. Keyrock, Hardcore Labs, Edge Capital, and Origami serve as Curators, managing strategy vaults on the protocol.

The investment from YZi Labs is aimed at addressing a significant gap in the market: while tokenized blue-chip equities have reached meaningful volume, the financial application layer around them remains underdeveloped. In particular, options and other risk-transfer products are noticeably absent.