Textile Credit PayBox GB Senior Trade FinancePYBX-GB-SR-TF
PYBX-GB-SR-TF, issued by Textile, is a tokenized-funds debt instrument that gives tokenholders a proportional onchain claim on the lending pool underlying PayBox GB Senior Trade Finance. The token tracks PayBox GB Senior Trade Finance (PYBX-GB-SR-TF), a private-credit reference asset, and represents a lender position in an onchain debt pool. Holders earn interest paid by the borrower on deployed capital only; idle staked capital earns nothing. Interest accrues continuously and by default auto-compounds into the share price, with tokenholders able to disable compounding and reserve interest for manual claiming. Holders bear protocol deposit and interest fees paid to the treasury, plus separate underwriter deposit and interest fees. 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. 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. Participation is open globally without geographic restriction, gated only by each pool's minimum stake. 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. Capital is held in an immutable per-tranche Reserve custody contract. Pool tranches implement the ERC-4626 vault standard and issue ERC-20 debt tokens onchain across Ethereum, Base, an Ethereum Layer 2, and Celo. 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. Valuation is derived onchain from totalAssets, with no external NAV or price oracle.