Woofun AI reports that the non-custodial fixed-rate lending platform Tenor has finalized its seed financing round. Variant leads the investment, joined by Nascent, Prelude, Coinbase Ventures, Lattice, Very Early, and various angel investors, though the specific amount remains undisclosed. Built on the Midnight protocol atop Morpho, Tenor operates on the Base network with plans for multi-chain expansion. The platform currently facilitates crypto-collateralized lending with features like automatic extensions and OTC quotes, aiming to eventually enter foreign exchange and credit markets.