Non-custodial fixed-rate lending platform Tenor has completed a seed funding round led by Variant, with participation from Nascent. Prelude, Coinbase Ventures, Lattice, Very Early, and several angel investors also provided follow-on backing. The company did not disclose the size of the round.
Tenor is built on Midnight, a fixed-rate lending base protocol on Morpho. The platform is already live on Base and said it plans to expand to more chains. Its current feature set includes auto-rollovers, OTC quotes, and floating-rate interest calculations for pending orders.
At present, Tenor supports crypto-collateralized borrowing and lending. It also plans to extend its offering into foreign exchange and credit markets.
Tenor, a non-custodial fixed-rate lending platform, said it has completed a seed round led by Variant, with Nascent participating. Prelude, Coinbase Ventures, Lattice, Very Early, and several angel investors also added continued support. The company did not disclose the amount raised.
Tenor is built on Midnight, a fixed-rate lending base protocol on Morpho. The platform is already live on Base and plans to expand to additional chains. It supports features including auto-rollovers, OTC quotes, and floating-rate interest accrual for pending orders.
Tenor currently supports crypto-collateralized lending and borrowing, with plans to expand into foreign exchange and credit markets.
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