Renewal

What is auto-renewal?

Auto-renewal is a feature that automatically extends your position at maturity into a new fixed-rate term or open term, variable-rate market. This eliminates the need for manual intervention and reduces the risk of liquidation at maturity. Learn more about auto-renewal.

How does auto-renewal work?

When you enable auto-renewal, Tenor's smart contracts will automatically enable any third-party to renew your position into a new term before maturity. You can configure the renewal settings to specify the target maturity, maximum renewal interest rate.

Can I disable auto-renewal?

Yes, you can disable auto-renewal at any time before your position matures. If disabled, you will need to manually manage your position at maturity otherwise your position will become eligible for liquidation on the Morpho protocol.