Tender Finance

Rejected venues wait the longest for re-review; a rejection has to earn another look before the scheduled date.

Tender Finance is a Compound-derived lending market on Arbitrum. The 2026-08-16 survey measured about $0.24M supplied against about $0.51M borrowed, only 0.24% of the $100M materiality floor. The former protocol app and docs no longer resolve and tender.fi now serves unrelated news content, an additional lifecycle blocker. The version-1 below-materiality dossier already rejects it before collateral or control diligence.

Kill criteria: the events that revoke this verdict
• TVL sustained above $100M for 30 days

The research file

Mechanism applicability

Tender publishes a Compound fork in which accounts supply assets for cTokens or borrow against collateral, with a Comptroller enforcing collateral requirements and utilization-driven interest models. DefiLlama identifies the current Arbitrum Comptroller and cEther-equivalent market and counts supplied collateral separately from the borrowed suffix.

Control, loss and exit applicability

The Comptroller, oracle, cToken implementations and market parameters govern collateral eligibility, borrowing and liquidation. Lenders face utilization, oracle, collateral-gap, liquidation, contract and Arbitrum risks; redemption requires enough unborrowed cash in the relevant cToken market. The public repository does not establish 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 metric 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. Residual contracts and balances therefore do not establish a supported front-end or operator lifecycle.

Why the materiality dossier decides

Measured supplied TVL is about 0.24% of the $100M floor, so a proposed advised-client allocation would dominate immediately available capacity regardless of the Compound design. Reopen only after supplied TVL remains above $100M for 30 days and Tender restores an authenticated supported interface, current role and oracle maps, incident disclosures and proposed-size withdrawal tests under high utilization.

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 verdict above grades the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The least safe layer sets the position’s grade, and the position table names which one that is.