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

# Gas used Methodology

## Overview

Gas used measures the total gas consumed by an application. It reflects how much users are willing to incur transaction costs when using the application.

Textile

Gas used

Gas used

Competitive landscape

Chain breakdown