PANews reported on May 23 that the fixed-rate lending protocol Term Structure has completed its Trusted setup and is about to launch its mainnet.

Term Structure has collaborated with leading auditing firms and Web3 software development companies such as ABDK, HashCloak, and Bware Labs to complete the trusted setup ceremony for its zero-knowledge proof system zkTrue-up. The security of this system is ensured as all participants have discarded the "toxic waste," which is data that could potentially deceive the system into accepting false proofs. This effectively prevents anyone from controlling zkTrue-up, eliminating the possibility of a rug-pull, and indicates that the Term Structure mainnet is about to go live.