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DeFi

Solana’s DeFi Platform Texture Raises $5 Million

November 4, 2022 - Around 2 mins mins to read
The DeFi yield platform Texture is now live in private beta testing after raising $5 million in a round co-led by P2P Capital and Sino Global.
Solana's DeFi Platform Texture Raises $5 Million

Wintermute, Semantic Ventures, and Jane Street Capital are among the other participants in the round of funding. The stablecoin USDC was used to raise funds, and the valuation was kept confidential.

DeFi platform Texture utilizes the Solana blockchain. When using its first product, consumers wishing to stake their SOL tokens should expect larger yields. In order to do this, it employs a leveraged staking technique, much like Ethereum tokens like the Interest Compounding ETH Index (icETH) and the ETH Max Yield Index (ETHMAXY). 

The platform plans to provide investors wishing to stake their SOL with a yield of up to 15%.

Several platforms are used by Texture to accomplish this. Lido Finance is used for the main liquid staking component, Solend is used for lending and borrowing, and Orca is used to compound the payouts.

Solana's DeFi Platform Texture Raises $5 Million

The public will be able to access Texture whenever an audit is finished, which may occur before the end of the year.

Texture Co-founder Oleg Ravnushkin said:

“We are excited to bring automated leveraged staking to Solana through a one-click solution. This is a fundamentally DeFi-native product that appeals to users who value higher real yield as much as transparent on-chain execution and risk management.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Lido Finance

Solana

solend

Texture

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
DeFi

Solana’s DeFi Platform Texture Raises $5 Million

The DeFi yield platform Texture is now live in private beta testing after raising $5 million in a round co-led by P2P Capital and Sino Global.
Solana's DeFi Platform Texture Raises $5 Million

Wintermute, Semantic Ventures, and Jane Street Capital are among the other participants in the round of funding. The stablecoin USDC was used to raise funds, and the valuation was kept confidential.

DeFi platform Texture utilizes the Solana blockchain. When using its first product, consumers wishing to stake their SOL tokens should expect larger yields. In order to do this, it employs a leveraged staking technique, much like Ethereum tokens like the Interest Compounding ETH Index (icETH) and the ETH Max Yield Index (ETHMAXY). 

The platform plans to provide investors wishing to stake their SOL with a yield of up to 15%.

Several platforms are used by Texture to accomplish this. Lido Finance is used for the main liquid staking component, Solend is used for lending and borrowing, and Orca is used to compound the payouts.

Solana's DeFi Platform Texture Raises $5 Million

The public will be able to access Texture whenever an audit is finished, which may occur before the end of the year.

Texture Co-founder Oleg Ravnushkin said:

“We are excited to bring automated leveraged staking to Solana through a one-click solution. This is a fundamentally DeFi-native product that appeals to users who value higher real yield as much as transparent on-chain execution and risk management.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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