Term Structure is a non-custodial fixed-income protocol that enables fixed-rate, fixed-term, and peer-to-peer borrowing and lending. This includes the development of Primary Markets with auctions and Secondary and Repurchase Markets with real-time order books. The protocol achieves scalability by using zkTrue-up, a customized Zk Rollup that maintains data availability, increases transaction speed, and allows users to place and cancel orders without gas fees. Our vision is to provide comprehensive investment and hedging instruments for DeFi and financing infrastructure for tokenized real-world assets.