Tenor (tenor)

“DeFi lending is no longer an experiment in collateralized leverage; it’s evolving into the architecture of a programmable financial system.” A great piece by Arnav Pagidyala on the innovation happening in onchain lending.

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Fixed rates are poised to takeover onchain borrowing 🧵

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The first phase of Morpho V2 is live: Vaults V2. A new vault standard that enables curators to set themselves apart with differentiated strategies. Here’s why it matters 🧵

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When market demand is low, spreads in onchain money markets widen dramatically. Aave’s USDC market today: → Lend Rate: 2.65% → Borrow Rate: 4.45% That’s a 1.80% spread. If we want to onboard the masses, we’ll need better quoting mechanisms.

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Here's how Tenor and @morpho are collaborating to finally make onchain fixed-rate borrowing work 🎶🦋

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We’re thrilled to announce that we’ve raised a $2.5M Seed Round led by cherry.xyz, with the participation of @cbventures and @latticefund! This milestone will accelerate the development of Tenor, a noncustodial, self-executing fixed rate lending protocol allowing for permissionless market creation and efficient matching of lenders and borrowers.

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