Tenor OTC, a non-custodial lending platform developed by Tenor Finance, has integrated the AERO token as collateral for fixed-rate and fixed-term loans on the Base network. The platform utilizes Morpho Midnight technology to facilitate direct, bespoke lending agreements between users, allowing them to customize loan terms and collateral types.
The service launched on July 21, 2026, and focuses on providing institutional-grade features. These include auto-renewal for expiring positions, collateral-on-fill mechanisms, options for early exit, and gated offers that allow lenders to restrict access to their liquidity.
Tenor Finance previously secured $2.5 million in a pre-seed funding round to develop its infrastructure. To improve quote quality, the company has established partnerships with Armitage, the OTC division of market maker Wintermute, and Clearstar.
