Tenor Fixed-Rate Lending Protocol Completes Seed Round Led by Variant

According to ChainCatcher, non-custodial fixed-rate lending platform Tenor announced the completion of its seed funding round, led by Variant with participation from Nascent, Prelude, Coinbase Ventures, Lattice, Very Early, and multiple angel investors. The funding amount was not disclosed.

Tenor is built on Morpho's fixed-rate lending protocol Midnight and is currently live on the Base network, with plans to expand to additional chains. The platform supports crypto collateral lending and plans to extend into foreign exchange and credit markets.