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Term Labs, Inc. Announces $5.5 Million in Strategic Funding to Bring Stability and Predictability to On-Chain Lending

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SAN DIEGO, July 9, 2024 /PRNewswire/ — Term Labs, Inc., a leader in blockchain R&D, is proud to announce the closure of a strategic funding round totaling $5.5 million. This brings the company’s cumulative funding to date to $8 million. Leading this round was Electric Capital, with Maelstrom (Arthur Hayes), Ava Labs Blizzard Fund, Arete Capital, Inception, Delta Blockchain Fund and others participating. Angel investors, including Ether.fi founder and CEO Mike Silagadze, GP and Founder of Paper Ventures, Danish Chaudhry, Founder and Managing Partner of Neoclassic Capital, Steve Lee, Co-host of Up-Only, Ledger Status, Co-host of Into The Ether Podcast, Eric Conner, and Co-host of The Edge Podcast, DeFi Dad, also joined the round.

Term Finance is the first DeFi fixed-rate lending protocol to operate effectively at institutional scale. Since its inception last year, Term Finance has serviced over $100 million in volume through its auction-based fixed-rate lending platform, with consistent weekly clearing volumes in the seven-figure range. Its auction-based mechanism has proven effective in setting fair rates, consistently clearing between the supply and borrow rates on competing variable rate lending protocols. As a result, borrowers on Term have saved hundreds of thousands in interest, while lenders have earned hundreds of thousands more.

“The protocol’s success in achieving early institutional adoption is due in large part to a focus on security, transparency, and economic risk mitigation,” said Dion Chu, Founder and CEO of Term Finance. Term Finance mitigates contagion and concentration risk by using isolated and modular collateral pools and implements oracle safeguards with staleness and zero price checks, fallback oracles, and sequencer uptime checks for future rollup deployments. To verify integrity and correctness of implementation, Term Finance has undergone multiple code audits, traceable through its public GitHub repo and verified on-chain and completed formal verification using Certora’s CLI.

“We chose to continue our support by leading this round of funding not only because we believe that the fixed-rate lending vertical has vast market potential rooted in traditional finance, but because Term Finance stands out as the only protocol to achieve fixed-rate lending on-chain at scale. There is demonstrated demand to borrow at fixed rates against DeFi native assets, and the rise of RWAs and tokenization represents a large untapped opportunity for future growth,” said Ken Deeter, General Partner at Electric Capital.

Earlier this year, in partnership with MatrixPort, Term Finance piloted two auctions backed by permissioned RWAs—a market McKinsey estimates will reach $2 trillion by 2030.

As part of its ongoing commitment to fostering community engagement, Term Labs is introducing an invite-only rewards program aimed at rewarding early adopters for their participation in the protocol. Early supporters of the protocol have already been granted access to the program and do not need an invite to participate. Season 1 of the rewards program is expected to run through the summer into early fall, providing ample opportunity for users to engage and benefit from their contributions to the protocol.

“We’re committed to rewarding our community for their active participation and dedication to our protocol’s growth and success,” said Dion Chu. “This latest round of funding, combined with the rewards program, will help us capitalize on our early traction and drive the next wave of adoption, advancing our mission to realize predictability and stability in the DeFi ecosystem.”

About Term Labs

Term Labs is a blockchain research and development company dedicated to creating robust, transparent, and scalable fixed-rate lending solutions onchain. The founding team’s combined experience in finance and big tech is the foundation for its innovative approach to defi solutions. Its founders have a track record of managing $1b+ portfolios on both the sell side and buy side at Citibank, Morgan Stanley, D.E. Shaw, and other institutions), as well as establishing interest rate benchmarks at exchanges that have done trillions in volume. They also have substantial technical backgrounds, including experience at the Amazon blockchain group, Bloomberg, and Planet Labs.

Media Contact Billy Welch media@termfinance.io

View original content:https://www.prnewswire.co.uk/news-releases/term-labs-inc-announces-5-5-million-in-strategic-funding-to-bring-stability-and-predictability-to-on-chain-lending-302190899.html

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Carbide Manufacturing Expert Carl Ciesla Shares How Beginners Can Build Strong Foundations in HelloNation

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SANBORN, N.Y., June 18, 2026 /PRNewswire/ — What does it take to get started in machining with the right foundation? In an article published by HelloNation, Carl Ciesla of Lakeshore Carbide in Sanborn, New York, explains how beginners can prepare for long-term success in the trade. He emphasizes that machining is more than operating equipment; it requires precision, problem-solving, and a solid grasp of both theory and practice.

Ciesla notes that learning to read blueprints and understand tolerances is one of the first steps for new machinists. These skills ensure that each part can be accurately produced and verified. Knowing how exact a measurement must be — and how to consistently meet that requirement — lays the foundation for quality work.

The article explains that hands-on practice with measurement tools is equally important. Micrometers, calipers, and indicators allow machinists to measure down to the thousandth of an inch. Mastering these tools ensures that accuracy begins at the bench, not just at the machine.

Ciesla highlights that tool geometry is another essential area of learning. The shape and angle of cutting flutes directly influence chip evacuation, tool engagement, and part quality. Beginners who understand these details gain an advantage when choosing and using carbide end mills and inserts for different jobs.

He also stresses the value of manual machining experience. By working with lathes and mills, apprentices develop an understanding of speeds, feeds, and tool angles. This manual training provides the background needed to troubleshoot effectively when transitioning to CNC machines.

The article points out that shops look for machinists who combine technical knowledge with practical skills. Those who understand both the “why” and the “how” are better equipped to solve problems and improve efficiency on the shop floor.

Ciesla emphasizes that machining is not a skill learned overnight. It is a lifelong craft shaped by curiosity, precision, and practice. Developing strong habits early on helps new machinists grow into experts who continuously refine their techniques.

The path into machining, according to Ciesla, is about more than learning machines. It is about cultivating craftsmanship, practicing patience, and building the mindset needed to succeed in a career defined by exacting standards and continuous improvement.

The article, Getting Started in Machining, shows how Carl Ciesla of Lakeshore Carbide offers practical guidance for those entering the field. His perspective in HelloNation outlines the key steps and habits that prepare new machinists for long-term success.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/carbide-manufacturing-expert-carl-ciesla-shares-how-beginners-can-build-strong-foundations-in-hellonation-302804920.html

SOURCE HelloNation

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Honest Medical CEO Responds to Medline Facility Fire, Confirms Inventory Secured for California Customers

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Following the devastating Medline distribution center fire in Tracy, CA, Honest Medical CEO Mike Greenan went on NBC News to confirm that inventory secured at alternative facilities will keep customer orders on track.

OCEANSIDE, Calif., June 18, 2026 /PRNewswire-PRWeb/ — Honest Medical (HonestMed.com), a fast-growing ecommerce site offering thousands of essential healthcare products, is assuring customers that the recent fire at a primary Medline distribution hub will not significantly impact the availability of critical medical supplies. Honest Medical CEO Mike Greenan addressed the public on NBC News to assure healthcare facilities and other customers that robust contingency plans are actively in place.

It’s great to get this commitment from Medline so that our customers in other regions don’t need to worry. There may be a minor logistical adjustment of one or two days, but that is the absolute extent of it.

Medline, which describes itself as the largest supplier of medical and surgical supplies in the world, manufactures thousands of medical supplies that are essential for both healthcare facilities and in-home caregivers. This fire impacted one of Medline’s largest distribution hubs, leaving many healthcare facilities in the San Francisco Bay Area and other parts of California concerned that critical supplies may be seriously delayed. The California Hospital Association, which represents close to 400 hospitals throughout the state, reported receiving many inquiries as a result of the fire, demonstrating the high level of concern.

Greenan was able to confirm that Honest Medical received firm assurances from Medline that inventory at other facilities – particularly a warehouse in Temecula, Southern California – have the resources to make sure pending orders are filled and that Northern California customers receive the supplies they need. Greenan said, “It’s great to get this commitment from Medline so that our customers in other regions don’t need to worry. There may be a minor logistical adjustment of one or two days, but that is the absolute extent of it.”

While Medline has not yet released an official timeline for rebuilding the damaged distribution hub, local authorities and industry experts emphasize that its strategic location makes a full restoration likely. In the interim, Honest Medical’s secondary supply channels remain fully operational to prevent any disruption to patient care.

Watch the report on the fire and Honest Medical CEO Mike Greenan’s comments here.

About Honest Medical

Honest Medical is a fast-growing ecommerce source for thousands of health and wellness products. Honest Medical empowers families, caregivers and institutions to shop across a broad range of essential healthcare products addressing critical issues such as mobility, nutrition, incontinence and more. In addition, the Honest Ideas blog offers helpful information and insights covering a range of topics relevant to those with disabilities, seniors, caregivers and loved ones. With its primary focus on customer satisfaction, HonestMed maintains a team of expert customer care specialists and offers its essential health and wellness products at affordable prices and with speedy delivery. Follow Honest Medical on Facebook and Instagram.

Media Contact

Jon Ramirez, Honest Medical, 1 833-933-2323, jon.ramirez@honestmed.com, www.honestmed.com

View original content to download multimedia:https://www.prweb.com/releases/honest-medical-ceo-responds-to-medline-facility-fire-confirms-inventory-secured-for-california-customers-302804793.html

SOURCE Honest Medical

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Advent Resources Expands Across Texas as Dealers Face Rising Fraud, Compliance Pressures, and Operational Complexity

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One connected platform helps Texas dealerships reduce risk, eliminate friction, and move deals faster.

FORT WORTH, Texas, June 18, 2026 /PRNewswire-PRWeb/ — Advent Resources is expanding its reach across Texas to help dealerships simplify and strengthen the car deal, as fraud, compliance, and disconnected technology continue to create operational challenges for automotive retailers.

Dealers are managing more systems, regulations, customer expectations, and risk. The answer isn’t adding more technology. It’s about creating one workflow, one source of truth, and one platform to run their entire sales department.

For over 30 years, Advent Resources has helped dealers streamline operations by bringing identity verification, deal structuring, lender approvals, contracting, compliance, and funding into a single connected platform.

Today, this goal is more important than ever.

“Dealers are managing more systems, regulations, customer expectations, and risk,” said Ben Gill, CEO of Advent Resources. “The answer isn’t adding more technology. It’s about creating one workflow, one source of truth, and one platform to run their entire sales department.”

Auto fraud continues to grow while dealerships face increasing pressure to maintain compliance, protect customer information, and improve operations.

Auto fraud losses are projected to exceed $9 billion annually.

45% of dealerships report losses between $10,000 – $20,000 from a single fraudulent transaction.

Many dealerships recover less than 50% of fraud-related losses once a deal has been funded.

At the same time, many stores still rely on multiple disconnected systems to complete a single transaction, creating duplicate work, wasted clicks and opportunities for expensive errors.

Advent addresses these challenges by connecting every stage of the deal into one workflow, helping dealerships:

Structure, approve, contract, and fund deals in one system

Reduce hundreds of unnecessary clicks and eliminate duplicate data entry

Verify customer identities and collect required documents in real time

Strengthen compliance through integrated audit trails and automated workflows

Improve profitability by accelerating deals and reducing delays

Maintain one consistent source of truth from lead to funded deal

What’s more, Advent provides advanced AI-powered identity verification to reveal potential fraud risks earlier in the sales process, before issues become costly problems.

“Fraud and compliance issues rarely show up early,” Gill said. “They happen after the fact, when a dealership is trying to unwind a bad deal. The best way to reduce risk is to mitigate it head on at the beginning of the process.”

Advent’s commitment to improving the dealership experience extends beyond the sales department and into the showroom with Advent Connect.

Designed for both customers and staff, Advent Connect guides shoppers through the entire purchase process – from vehicle selection and payment options to financing, protection products, compliance documents, and final delivery. With every step of the transaction in a single customer-facing experience, dealerships eliminate friction, improve transparency, and create a faster, more engaging purchase.

Advent’s workflow helps customers make informed decisions while ensuring every profit opportunity is optimized throughout the transaction. The result is a better experience for customers, greater efficiency for teams, higher profitability for the dealership, and a modern retail process built around collaboration, transparency, and speed.

About Advent Resources

Advent Resources provides software that powers the financial layer of the car deal. For more than 30 years, the company has supported thousands of dealerships across the United States, including many of the industry’s top-performing dealer groups. By bringing identity verification, deal structuring, lender approvals, contracting, compliance and funding into one system, its digital car deal platform, Advent Advantage, helps dealerships complete deals faster while reducing risk and improving operational efficiency.

For more information, visit www.adventresources.com.

Media Contact

Jennifer Lange, Advent Resources, 1 9494603408, jenniferl@adventresources.com, www.adventresources.com

View original content to download multimedia:https://www.prweb.com/releases/advent-resources-expands-across-texas-as-dealers-face-rising-fraud-compliance-pressures-and-operational-complexity-302804921.html

SOURCE Advent Resources

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