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.

ChainCatcher news, the fixed-rate lending protocol Term Finance has completed a $5.5 million strategic financing round, led by Electric Capital, with participation from Arete Capital, Delta Blockchain Fund, Inception Capital, Blizzard Fund, Maelstrom, and others. The funds raised will be used to develop the protocol and accelerate Term's roadmap to simplify lending through features such as looping, passive lending, automation, and real-time alerts.It is reported that Term is the first on-chain fixed-rate lending protocol to operate effectively at an institutional scale, providing over $100 million in loans through the protocol, with seven-figure liquidations occurring weekly.According to RootData, Term is a non-custodial, scalable fixed-rate lending protocol that uses a novel on-chain auction dual-auction mechanism to determine the fixed rates for transactions between borrowers and lenders on the platform. It brings borrowers and lenders together in a fair and transparent auction process to establish a single market clearing rate that all participants will pay or receive, regardless of size.

ChainCatcher news, the fixed-rate lending protocol Notional Finance will launch its V3 Beta version on Arbitrum on November 6, and will provide liquidity providers with 2 million NOTE incentives.The V3 version will add support for cbETH, ARB, RDNT, and GMX as collateral. After the V3 version goes live, more leveraged vaults using Balancer and Aura will be added.

ChainCatcher news, according to Decrypt, fixed-rate DeFi platform developer Term Labs has launched a fixed-rate lending protocol Term Finance on Ethereum, which will match borrowers and lenders at predetermined interest rates.ChainCatcher previously reported that Term Labs, the developer of the fixed-rate DeFi platform Term Finance, has completed a $2.5 million seed round financing, led by Electric Capital.