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Lend

Lending on Tenor locks in a fixed rate for a set term. You hold the position to maturity, or exit early if liquidity is available. There are three ways to lend: at the market rate, with a limit offer, or through an OTC offer.

Lend at Market Rate

Lending at the market rate fills immediately at the best available rate.

1
Open a market

Go to the Markets page and select the market you want to lend in.

The Markets page with the Markets nav item and the USDC / cbBTC market row highlighted.
2
Enter your amount and term

Make sure the Lend tab is selected at the top left. Enter the amount you want to lend and choose your collateral exposure. Select an initial term, then make sure the Market tab is selected.

The lend trading component with the lend amount, collateral exposure, and initial term fields.
3
Review and confirm

Click Review Order, then review your order details and sign the transaction in your wallet.

Once your position is initiated, you can monitor and manage it on the Portfolio page.

Lend with a Limit Offer

A limit offer posts your target rate and waits for a counterparty to match it.

1
Open a market

Go to the Markets page and select the market you want to lend in.

2
Enter your amount, term, and rate

Make sure the Lend tab is selected at the top left. Enter the amount you want to lend and choose your collateral exposure. Select a term, then select the Limit tab. Choose your target rate by clicking an APR tick or entering it in the Fixed APR field.

The lend trading component on the Limit tab with the Fixed APR field highlighted.
3
Review and choose Earn while you wait

Click Review Order, then choose whether to enable Earn while you wait or leave your funds idle while your offer is pending. With Earn while you wait, your funds earn the variable rate until your offer is filled.

The While you wait modal with the Earn while you wait option selected and Sit Idle alongside it.
4
Confirm

Review your order details, then confirm and sign the transaction in your wallet.

Once you place your limit offer, you can monitor and manage it on the Portfolio page.

Cancel a Limit Offer

You can cancel a pending limit offer at any time before it is filled, directly from the Portfolio page.

1
Go to the Portfolio page

Go to the Portfolio page, where your positions are listed.

2
Cancel the offer

If your pending offer is collapsed, click View pending offer to expand it, then click Cancel to cancel your limit offer.

The Portfolio positions table with a pending limit offer expanded and the Cancel button highlighted.

Lend through an OTC Offer

See the OTC offers guide for details.