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TLDR:

Recently, the cryptocurrency market has become more and more exciting because of the rapid increase in the number of new participants. In the current situation of extremely low bank interest rates, more and more people with a demand for "fixed interest rate loans of 10% a year" will step into this market.

Applications like Outlet, Linus, Dharma, BlockFi, Celsius have developed user interfaces to meet this need, with liquidity coming from centralised liquidity pools or from Compound and Aave. Therefore, users' attention to decentralised fixed-rate products will be even greater.

Decentralised Bond

Definition

By definition, it is clear that decentralised bond has the same meaning as traditional bond. Some of the differences include the time to maturity, the yield, and the ability to combine to create many different products and serve different purposes.