Term Finance was founded on a simple idea: DeFi should offer certainty. Our fixed-rate lending protocol has processed over $300 million in notional volume, helping users borrow and lend with confidence—week after week.

But technology alone doesn’t build ecosystems. People do. That’s where Term Points come in. Our points program tracks meaningful engagement across the Term ecosystem—rewarding users who participate in a way that supports the protocol’s growth.

Season 1 focused on reach. Season 2 is about depth.

Learn the best ways to build your Term Points in Season 2 and the involvement we’re seeking to drive impact.

‍

Earning Term Points

1. Auction Points
   
   • Lending: When you offer liquidity through our auctions, you earn points based on the amount lent and the duration of the loan. The more you lend, the more points you accumulate.
   • Borrowing: Borrowers also earn points for borrowing in our auctions. Points are awarded based on the amount borrowed in auction and the duration of the loan terms.
   • Maximizing Auction Points: The points program is designed to reward users who demonstrate genuine engagement with the protocol. Here are 5 ways to maximize your Auction Points.
     
     • Price Discovery: Even tenders (bids to borrow or offers to lend) that are not ultimately assigned but are competitive will earn points.
     • Term Premium: Auction points for both lenders and borrowers are adjusted to reward participation in longer term loans.
     • Consistent Participation: Regular and consistent participation in Term Auctions increases your points.
     • Diverse Participation: Engage in a variety of auction markets to maximize points and earn bonus points.
     • Actionable Offers: Lenders earn points for offers that are not assigned but fall within a competitive range.
     • Efficient Allocation of Liquidity: Lenders receive multipliers for offering into auctions with greater supply/demand imbalances.

2. Lending Points
   Lending points reward any users holding a Term loan (repoTokens) obtained via auction or Blue Sheets. Lending points can also be earned (with a 1.5x multiplier) on deposits into Term MetaVaults and select single strategy vaults. Points are measured based on the amount lent/deposited and the duration the loans are held.
   
   
3. Invite Points
   Users earn 10% of any points earned by individuals they refer to the Term platform. This incentivizes users to bring in new participants and grow the Term Finance community. 

Note: Invite Points no longer apply to social or community-based activity (Other Points). The focus now is on protocol use.

4. Migration Points
   Wallets with significant historical activity on other major lending protocols can unlock migration points by participating in three separate auctions on Term. This rewards experienced users for transitioning their activity to our platform.
   
   
5. Other Points
   The Other Points category offers a fun way to earn points through various ad-hoc activities and community contributions. These points can be earned by participating in special games, competitions, and campaigns that occur periodically. Here are some ways you can earn Other Points:
   
   • Term token Staking and Governance: engage in governance via staking Term tokens to earn points.
   • Ad-Hoc Games and Competitions: Engage in seasonal or surprise games and competitions designed to challenge and entertain. 
   • Ad-Hoc Campaigns: Participate in special campaigns that might involve tasks such as social media activities, promotional events, or collaborative projects within the community.
   • Community Contributions: Earn points by making contributions to the Term Finance community. This could include creating educational content, helping new users, or contributing to discussions and development initiatives.
     

Season 2 Rewards

Season 1 participants unlocked an airdrop— targeted to users with little or no prior on-chain activity to bring awareness to the protocol. 

Season 2 is different. Our focus now is on rewarding early adopters who find Term valuable on its own merits. If you’re using Term just to chase another airdrop, you’ll be disappointed. 

NO airdrop at the end of season 2– why? To protect our early adopters & community from dilution.

Instead, we’re doubling down on targeted airdrops and partnership incentives to maximize your fixed-rate farming strategies, while keeping points as a fun way to track engagement and gauge how to level-up any future rewards.

‍

Who Should Participate

We welcome you to be part of Term’s journey if you’re…

• A DeFi enthusiast weaving fixed-rate lending into your strategies
  
• A liquidity provider seeking steady, reliable yields
  
• A DAO treasury deploying capital across different time horizons
  
• An onchain user excited to help Term grow thoughtfully

Join our community and help shape the future of fixed-rate lending: app.term.finance/rewards

‍

Last updated May 12, 2025

‍