Tenor Finance is a non-custodial, self-executing protocol that enables lenders and borrowers to engage in fixed-rate transactions on the blockchain. By deploying on top of existing money markets, Tenor offers efficient and flexible interest rate Automated Market Makers (AMMs), allowing users to set preferred lending and borrowing rates across various maturities. The protocol integrates seamlessly with platforms like Uniswap V4, utilizing custom AMMs designed specifically for interest rate swaps. Tenor’s smart contracts are public, audited, and operate without the need for governance, inheriting risk parameters from underlying money markets to ensure transparency and security.