Textile Credit Launches
Existing pool with Quipu Bank and more
What is Textile?
Textile is a decentralized lending protocol that transforms the traditional private credit market into an open, programmable capital graph. In Textile, every participant, whether an individual or institution, can become part of the credit supply chain without relying on traditional intermediaries.
Textile’s mission is to decentralize trust and underwriting, allowing credit to reach the far “edges” of the economy where it’s needed most, by lowering the technical barrier to participation so anyone can join.
At the protocol’s core stands Debt pools, which are represented by Debt tokens.
Key Features
Decentralized Credit - No traditional intermediaries required
Tokenized Debt - ERC-20 debt tokens tradeable on secondary markets
Continuous Compounding - Interest accrues every second
Revolving Credit - Borrowers can draw and repay multiple times
Global Access - Open to anyone, anywhere
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