Tenor Completes Seed Round Financing Led by Variant

The non-custodial fixed-rate lending platform Tenor has announced the completion of its seed round financing, led by Variant, with participation from Nascent, Prelude, Coinbase Ventures, Lattice, Very Early, and several angel investors continuing to provide support. The amount of financing has not been disclosed. Tenor is built on the fixed-rate lending underlying protocol Midnight based on Morpho, and it is currently live on the Base network, with plans to expand to more chains in the future, supporting features such as automatic extensions, OTC pricing, and floating interest rates for pending orders. The platform currently supports crypto asset collateralized lending and plans to expand into the forex and credit markets.

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