Tender Finance

Tender Finance is a Compound-based lending market on Arbitrum. The 2026-08-16 survey measured about $0.24M supplied against about $0.51M borrowed, only 0.24% of the size floor. Tender Finance is below that floor, so the individual review will not open until it clears it. The former protocol app and docs no longer resolve, and tender.fi now serves unrelated news content, which also blocks review. The version-1 file for protocols below the size floor already rejects it before collateral or control review.

Review triggers: events that reopen the verdict
• TVL sustained above the retired TVL threshold for 30 days

Watched nightly: a warning on its venues or files, or a cited document that changes, reopens the memo. The first confirmation is due 2026-11-16.

The research file

Mechanism applicability

Tender publishes a Compound fork where accounts supply assets for cTokens or borrow against collateral. A Comptroller enforces collateral requirements, and use rates drive interest models. DefiLlama identifies the current Arbitrum Comptroller and cEther-equivalent market. It counts supplied collateral separately from the borrowed suffix.

Control, loss and exit applicability

The Comptroller, oracle, cToken code and market settings govern which collateral qualifies, who can borrow and when liquidation starts. Lenders face use-rate, oracle, collateral-gap, liquidation, contract and Arbitrum risks. Redemption requires enough cash that borrowers have not taken from the relevant cToken market. The public repository does not show a current timelock, administrator map, oracle operator or incident response for the live Arbitrum deployment.

Current observation and lifecycle

The DefiLlama API read on 2026-08-16 classified Tender Finance as Lending and reported approximately $0.24M supplied and $0.51M borrowed on Arbitrum. Borrowed value is a separate activity measure and is not added to TVL. The legacy app and documentation hosts did not resolve, the official survey URL is blank, and tender.fi now publishes unrelated Finnish crypto news. Contracts and balances that remain do not prove that a supported front end or operator still exists.

Why the materiality dossier decides

Measured supplied TVL is about 0.24% of the size floor, so a proposed advised-client allocation would dominate the capacity now available regardless of the Compound design. Tender is below that floor, and the individual review will not open until supplied TVL stays above it for 30 days. Tender must also restore a verified, supported interface, current role and oracle maps, incident disclosures and proposed-size withdrawal tests under high use.

Research status

This is a capacity-unproven record for Tender Finance, not a quality rejection or approval. Reported TVL says how big the venue is, not what the client owns, who can change the rules, or how a position exits at a proposed size. The individual review opens when the protocol clears the size floor.

Sources

The claims above trace to these. Where a number could not be independently verified, the thesis says so.

• Tender Finance GitHub — lending-market contracts · primary · accessed 2026-08-16
  Supports: Compound fork, cTokens, Comptroller, interest model, supply and redemption
• Tender Finance GitHub — Arbitrum contract repository · primary · accessed 2026-08-16
  Supports: protocol source, lending controls, market contracts, repository lifecycle
• Arbiscan — Tender Finance Comptroller · primary · accessed 2026-08-16
  Supports: Arbitrum deployment, Comptroller address, on-chain lifecycle, contract control boundary
• Tender.fi — current domain content · primary · accessed 2026-08-16
  Supports: domain lifecycle, unrelated news content, missing protocol application
• DefiLlama registry — Tender Finance accounting · secondary · accessed 2026-08-16
  Supports: Arbitrum Comptroller, cEther equivalent, collateral-only TVL methodology, Compound classification
• DefiLlama — Tender Finance survey record · secondary · accessed 2026-08-16
  Supports: current supplied TVL, borrowed activity, Arbitrum perimeter, Lending category, blank application URL

Inherited controls

The research above describes the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The layer with the most administrative power sets the position’s effective control; that describes control, not quality or suitability.