LJE-KE-SR-SME, issued by Textile, is a tokenized-funds debt instrument that gives tokenholders a proportional onchain claim on the lending pool underlying Leja Kenya Senior SME Lending.

The token tracks Leja Kenya Senior SME Lending (LJE-KE-SR-SME), a private-credit reference asset, and represents a lender position in an onchain debt pool [S1][S2]. Holders earn interest paid by the borrower on deployed capital only; idle staked capital earns nothing [S3]. Interest accrues continuously and by default auto-compounds into the share price, with tokenholders able to disable compounding and reserve interest for manual claiming [S4][S5]. Holders bear protocol deposit and interest fees paid to the treasury, plus separate underwriter deposit and interest fees [S4][S5].

Textile is a decentralized protocol with no named issuing legal entity, jurisdiction, or regulator; the license page identifies only the brand holding commercial-use rights [S1][S6]. The tokenholder claim is an ERC-20 debt token representing a share in the pool, governed per pool by a borrower-uploaded contract between borrower and lenders [S2][S3]. Participation is open globally without geographic restriction, gated only by each pool's minimum stake [S1][S5]. Redemption is not instant: lenders submit a Withdraw Principal request, queued and fulfilled on the pool's next redemption date subject to available reserve liquidity, optionally requiring underwriter approval [S3][S7]. Capital is held in an immutable per-tranche Reserve custody contract [S8].

Pool tranches implement the ERC-4626 vault standard and issue ERC-20 debt tokens onchain across Ethereum, Base, an Ethereum Layer 2, and Celo [S1][S4]. Lenders deposit a stablecoin and mint shares, the first deposit minted one to one and later shares priced from totalAssets; redeem burns shares for the pool's borrow token [S4][S5]. Valuation is derived onchain from totalAssets, with no external NAV or price oracle [S4][S5].

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://docs.textilecredit.com/" },
    { id: "S2", url: "https://app.textilecredit.com/" },
    { id: "S3", url: "https://docs.textilecredit.com/guides/how-to-become-a-borrower.html" },
    { id: "S4", url: "https://docs.textilecredit.com/protocol/developer-guide.html" },
    { id: "S5", url: "https://docs.textilecredit.com/guides/how-to-stake-capital.html" },
    { id: "S6", url: "https://docs.textilecredit.com/license.html" },
    { id: "S7", url: "https://docs.textilecredit.com/guides/how-to-withdraw-principal.html" },
    { id: "S8", url: "https://docs.textilecredit.com/protocol/auditor-intro.html" },
  ]}
/>


# Asset senders (monthly) methodology

## 1. Overview

Asset senders (monthly) is defined as the number of unique addresses from which asset transfers are initiated over a rolling 30-day period. For each tracked asset, outgoing transfer transactions are analyzed across supported blockchains to identify the sending addresses. These addresses are deduplicated over a 30-day window to represent the monthly active sender base. This metric is utilized to evaluate user adoption, transactional activity, and the overall utility of tokenized assets.

## 2. Data sources

- **EVM chain events**: Token transfer events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Aptos, Sui, Cardano, and Stellar Classic data**: Token withdraw transactions
- **Stellar Soroban, Algorand, Near, Injective, and Ripple data**: Token transfer transactions
- **Polkadot Asset Hub events**: `Transferred` events from `assets` pallets
- **Asset metadata**: Token contract addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract daily asset senders

- **Purpose**: Identify unique addresses initiating transfers on a daily basis
- **Logic**: On EVM-compatible chains, token transfer events are parsed to extract the sender address from the transaction, excluding the zero address. On Solana, token transfer instructions are parsed to identify the authority address. On Aptos, Sui, Cardano, and Stellar Classic, token withdraw transactions are parsed to extract the account address. On Stellar Soroban, Algorand, Near, and Injective, token transfer transactions are parsed to extract the sender address, excluding null addresses. On Ripple, token transfer transactions with negative values are parsed to identify the sending account address. On Polkadot Asset Hub, `Transferred` events from `assets` pallets are parsed to extract the sender address. For all chains, the extracted addresses are grouped by day and token address to produce a daily record of unique senders.
- **Key fields**: `timestamp` (block day), `token_address` (asset identifier), `sender_address` (initiating address)

### Component B: Aggregate rolling monthly senders

- **Purpose**: Calculate the unique sender count over a rolling 30-day window
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a 30-day lookback window is constructed, encompassing the current day and the preceding 29 days. Daily sender addresses collected within this window are aggregated and deduplicated. The total number of unique, deduplicated addresses is then counted for each asset on each day.
- **Key fields**: `timestamp` (calculation day), `token_address` (asset identifier), `asset_senders` (unique monthly sender count)

### Component C: Final aggregation and zero-filling

- **Purpose**: Combine data across chains and fill missing activity days
- **Logic**: The deduplicated monthly sender counts are aggregated at both the individual chain level and the global asset level. For days where no transfer activity is recorded for a tracked asset, the metric is filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (reporting day), `chain_id` (blockchain identifier), `token_address` (asset identifier), `asset_senders` (final monthly unique sender count)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a rolling 30-day window.

Asset senders (monthly)

Tokenized funds

Capital providers deposit stablecoins into debt pools and receive ERC-20 debt tokens representing their proportional claim. Interest from borrowers auto-compounds, increasing token value.

Textile is a decentralized private credit protocol that transforms traditional private credit markets into an open, programmable capital graph. It supports revolving credit lines with continuous compounding, tokenized debt positions tradeable on secondary markets, and underwriter-based risk assessment across Celo, Ethereum, and Base.

Credit companies, borrowers, and capital providers worldwide participate in Textile's decentralized lending markets.

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Lending

Textile

Textile Credit Leja Kenya Senior SME Lending (LJE-KE-SR-SME) is a tokenized fund share issued by Textile.

The fund is closed-ended and invests in private credit in Africa.

Investors can subscribe and redeem in USDT, with a USDT 10 minimum, and holders have a right to redeem at net asset value with monthly settlement.

LJE-KE-SR-SME has been issued on Celo as an ERC-4626 token since January 2026.

Textile Credit Leja Kenya Senior SME LendingLJE-KE-SR-SME