Fixed-rate lending agreement Tenor completes $2.5 million seed round financing

ChainCatcher news, the fixed-rate protocol Tenor has announced the completion of a $2.5 million seed round financing, led by Cherry Crypto, with participation from Coinbase Ventures, Lattice Fund, Curved Ventures, and developers from Moonwell, Degenscore, and Etherfi protocols. The funds raised in this round will be used for the development of the Tenor product.

Tenor is developing a new fixed-rate lending protocol that enables the creation of efficient fixed-rate lending AMM markets to be deployed without permission through a modular approach, supporting precise matching of the needs of borrowers and lenders at fixed rates.