Tenor (tenor)

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

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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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What is the Tenor protocol? Tenor enables the creation of onchain fixed rate lending markets on top of existing @morpho money markets

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Fixed rates are poised to takeover onchain borrowing 🧵

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