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