The on-chain fixed-rate lending market faces challenges due to the preference for flexibility among participants, who value the ability to access their funds without term lockups. A proposed solution involves creating an interest rate swap layer on top of existing money markets like Aave, allowing for fixed-rate lending without sacrificing flexibility. In traditional finance, fixed rates are driven by borrower demand for predictable cash flows, not lender preference. On-chain, institutional borrowers and leveraged strategies require fixed rates, but the high premiums for fixed-rate loans, such as those on Maple Finance, deter widespread adoption. The proposed interest rate swap layer would allow borrowers to hedge interest rate risk without locking in the entire principal, enhancing capital efficiency and potentially reducing the premium for fixed-rate loans. As on-chain credit expands, the demand for fixed-rate loans is expected to grow, necessitating solutions that maintain the flexibility of current lending platforms while providing interest rate certainty. This approach could support larger-scale, long-term positions and improve capital allocation efficiency.