The fixed-rate lending agreement Tenor has completed a $2.5 million seed round financing, with participation from Coinbase Ventures and others

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. The funds raised in this round will be fully dedicated to the development of Tenor's products.

Tenor is developing a new fixed-rate lending protocol that enables the creation of efficient fixed-rate lending AMM markets to be deployed permissionlessly through a modular approach, supporting precise matching of the needs of borrowers and lenders at fixed rates.