February 25, 2025
Tenor Labs has secured $2.5 million in a seed funding round led by Cherry Crypto, with participation from Coinbase Ventures, Lattice Fund, Curved Ventures, and several individual investors, including contributors from Moonwell, Re7, and Etherfi. The capital will be used to develop a noncustodial, self-executing lending protocol designed to facilitate structured interest rate agreements and permissionless market creation.
The protocol introduces a modular framework for decentralized lending, allowing automated market makers (AMMs) to operate alongside existing money markets. It is structured to enhance capital efficiency by optimizing how lenders and borrowers are matched while ensuring liquidity remains within the underlying financial platforms. Borrowers gain access to stable borrowing costs, reducing the risk of liquidations due to market fluctuations, while lenders can engage in passive, recurring lending strategies.
With the funding secured, Tenor is preparing for security audits, starting with an evaluation by Spearbit. The protocol was also selected by the Uniswap Foundation Security Fund for an audit of its interest rate AMM. Once these reviews are completed, Tenor intends to move forward with launching its lending infrastructure.
About Tenor Labs
Tenor is a decentralized lending protocol designed to introduce structured borrowing and lending solutions within existing money markets. By operating as a modular layer, it enables permissionless market creation while allowing users to engage in predictable interest rate agreements.
Website: https://www.tenor.finance/
X: @TenorFinance
About Investor
Cherry Crypto
Cherry Crypto is an early-stage venture fund dedicated to supporting Web3 entrepreneurs from the outset of their projects. The firm invests in decentralized finance (DeFi), digital ownership (NFTs), and blockchain-based gaming, focusing on projects that advance Web3 adoption. With a stage-focused and geography-agnostic approach, Cherry Crypto works closely with founders from idea development to full-scale deployment.
Location: Berlin, Germany
Website: https://www.cherry.xyz/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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