What is Tenor Finance?

Tenor Finance is a non-custodial fixed-rate lending protocol deployed on the Base layer-2 network and built directly on top of the Morpho Midnight infrastructure stack. The platform addresses variable rate volatility in decentralized finance by allowing institutional borrowers and liquidity providers to enter into peer-to-peer lending agreements with predictable returns and fixed maturities. All positions and collateral mechanics are processed through immutable smart contracts, isolating credit risk across individual markets while preserving governance-free operation and underlying market safety parameters.

The protocol offers advanced institutional execution tools, including automated position roll-overs at maturity, conditional limit orders, and collateral deposits executed upon offer fulfillment. Tenor Finance also enables over-the-counter (OTC) quote structuring with custom whitelist controls, configurable grace periods for liquidations, and early position exit capabilities. By facilitating seamless rate-matching and yield management without intermediary risk, Tenor Finance aims to bridge traditional fixed-income debt markets with decentralized capital infrastructure.