Tenor for Curators

Tenor provides powerful tools to Morpho V2 vault Curators to create and manage their vaults. These tools enable Curators to:

Create and Manage Offers

Publish fixed-rate lending offers across various maturities and assets. These offers are broadcasted directly to eligible borrowers. They can also issue renewal offers that allow borrowers to roll over their positions at maturity without interruption.

Send and Receive Custom Offers

Send personalized quotes to specific borrowers. For example, a lower fixed rate can be offered to a strategic borrower. Curators can also receive custom borrow requests from desks, funds, or asset managers, enabling OTC-style lending agreements with tailored terms and sizes.

Market Make

Enable borrowers to exit their positions early and offer a rate lower than they entered (at a mark to market for the vault). For example, once the vault has a lending position (e.g. lend at 8% fixed), offer other lenders to purchase it at a lower rate (e.g. 6% fixed). This creates exit liquidity for borrowers and lets Curators manage positions more actively.

Monitor Positions

Monitor their active lending positions in real time through the Tenor interface. They can track profit and loss, duration, and risk exposure across all maturities.