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Texture P2P Lending protocol on Solana enables users to borrow and lend tokens directly between each other, using tokens as collateral for a fixed period of 7 days. Read More
Texture P2P Lending protocol on Solana enables users to borrow and lend tokens directly between each other, using tokens as collateral for a fixed period of 7 days.Borrowers lock their collateral tokens to borrow other tokens and have 7 days to repay the loan with interest, or they risk losing the collateral to the lender.Lenders place lending offers specifying the offer size and the offer price (LTV). All offers have the same APY set by the protocol per pair. Offers with the highest LTV are given priority and are fulfilled first.The protocol doesn’t rely on any oracles in its design, meaning that lenders decide on how much risk (LTV) they are willing to take and are responsible for monitoring and adjusting their positions.Please note that the protocol is currently in public beta, use it with caution.