The returns and costs from existing money market protocols fluctuate based on supply and demand of individual pool, which is unsuitable for long-term borrowers/lenders.
As proven in TradFi, for fixed-income instruments, combining batch auctions in the primary markets and orderbook in the secondary markets is the most suitable way for price discovery.
DeFi users have neither forward products and term futures to hedge exchange risks nor fixed-income markets to hedge interest rate risks.
zkTrue-up is a customized zk-rollup solution for auction and orderbook matching on DeFi. zkTrue-up ensures fairness and privacy for auctions by leveraging Zero-Knowledge Proof and Sparse Merkle Tree technology. Overall, zkTrue-up guarantees data availability and security, and makes orderbook matching efficient and scalable.
Thanks to zkTrue-up, a custom-built ZK-rollup based on zk-SNARKs, users always control their assets and execute forced-withdrawal to secure assets without concerning protocol risk.
Compared to other fixed-income protocols, Term Structure adopts a peer-to-peer model rather than peer-to-pool, enabling users to use limit orders and have better quotes.
Interdependent primary, secondary, and repurchase bond markets allow users to take risks and hedge with flexibility. Transparent cost and zero slippage provide a better trading experience.