We’re thrilled to announce that Tenor is officially collaborating with Morpho to bring onchain fixed-rate lending markets to the masses.

The Tenor and Morpho teams share the vision that fixed rate markets are necessary to bring sophisticated and institutional participants onchain.

As part of this collaboration, Tenor will unlock the full potential of Morpho V2’s intent system for onchain loans by abstracting away the complexities of fixed-rates, such as renewals at maturity and conditional orders.

Tenor is launching a platform that enhances the capabilities of Morpho V2 through custom-built smart contracts.

Key features of Tenor include:

• Automatic Renewals: Auto-renew fixed rate positions at maturity into longer dated markets, mitigating the complexities of managing terms and preventing liquidation at maturity.

• Fallback to the Variable Rate: Enable the passive renewal of fixed rate positions into variable rate positions at maturity avoiding liquidation and simplifying the UX.

• Limit Orders with Custom Callbacks: Place limit orders across multiple markets and enforce conditional execution through custom callback logic. For example, create borrow limit orders at set rates across multiple markets simultaneously. Once an order fills, the callback will deposit the collateral in the appropriate market.

• Position Auto-Closing: Opt into auto-closing to gradually close your positions and avoid full liquidation.

• Broadcast Custom Quotes: Broadcast customized fixed-rate offers to borrow against tail-end assets. Connect with vault curators and lending desks or whitelist who can take your offers. Get notified when it fills.

• Advanced Interface: Monitor your positions with an intuitive UI offering real time analytics, advanced risk metrics, and create custom email/SMS alerts.

Tenor will offer exchanges and fintechs enterprise-grade products for delivering fixed-rate, crypto-backed loans to their customers. These will include key features such as automatic position renewal at maturity with SLAs and real-time monitoring.

The recent collaboration between Morpho and Coinbase has shown the strong consumer demand for this type of product, which has so far only been available through variable rates. We’re excited to bring fixed-rate lending to these users in collaboration with Morpho.

Tenor is extending the DeFi mullet for institutions: familiar UX in the front, powered by onchain infrastructure in the back.

We’re excited to collaborate with Morpho to build the future of (Nouvelle) France! Tenor’s launch will coincide with the launch of Morpho V2. Follow us on X to stay tuned.