What is Textile?

Textile is the open credit network — a decentralized protocol that connects lenders and borrowers through transparent, on-chain credit pools with institutional-grade structure.

In Textile, every participant — whether an individual or institution — can become part of the credit supply chain without relying on traditional intermediaries. Lenders earn yield, borrowers access capital, and underwriters provide trust and due diligence — all on-chain, transparent, and verifiable.

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