General

General

What is Tenor?

Tenor is a non-custodial fixed-rate borrowing platform built on top of Morpho V2. It provides advanced features and a powerful interface that abstract away the complexity of fixed-rate, fixed-term borrowing. The platform also includes advanced functionalities for sophisticated users. Learn more here.

Where are collateral assets deposited?

Collateral is deposited into Morpho V2, a non-custodial, permissionless, and immutable protocol.

How is the interest rate determined?

Positions initiated through Tenor have a fixed interest rate. The rate is determined by the market and is fixed for the duration of the position.

How are markets created?

With Morpho V2, markets are intent-based and peer-to-peer. They are created when a lender and borrower are matched. Tenor streamlines this process through an intuitive interface for matching existing offers and advanced users to create custom offers with bespoke terms (e.g. LTV, collateral type, maturity).

Can I choose the maturity of my position?

Yes. Tenor allows users to select from the maturities available in the market. Advanced users can also broadcast custom offers to set specific maturities.

How are transactions executed through Tenor?

Lender-borrower matching and offer execution happen directly onchain via Morpho. Tenor offers additional smart contracts that enable features such as automating position renewals and execution with custom conditions. These contracts can be disabled by the user at any time.

Is Tenor secure?

Tenor implements industry-leading security measures. It's built on Morpho, a protocol recognized for its rigorous and battle-tested design. Further details on Morpho's security can be found here.

These various measures should not prevent users from carrying out their own research and assessing associated risks. Users should read the Tenor risk disclosures before interacting with the Tenor.