Where are positions settled?
Tenor provides an interface to the Morpho protocol, a non-custodial, self-executing onchain protocol that matches lenders and borrowers at fixed interest rates.
Can you repay a position before maturity?
Yes. Borrowers can always repay their position in full before maturity. The cost to exit early is dictated by the liquidity available on Morpho.
What happens at maturity?
Before a borrowing position reaches maturity, borrowers can either repay the position in full, manually roll the position to a longer dated maturity or extend it using Tenor's auto-renewal features. Auto-renewal seamlessly rolls positions into new fixed-rate maturities or variable-rate markets, allowing borrowers to maintain their position without interruption and manual intervention.
How does Tenor support institutional players?
Tenor supports institutions through its Tenor Prime and Tenor Enterprise products. Tenor Prime offers institutional-grade tools for curators, funds, and lending desks to borrow, lend, and manage their operations with confidence. Tenor Enterprise enables exchanges, institutions, and fintechs to offer onchain fixed-rate borrowing and lending products to their customers.
