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Tuesday, February 7, 2023

Texture Finance Defi Coin Review: It Is Safe Or Not? Read Our Full Review

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About Texture Finance

Texture Finance team are profound believers in the benefits that crypto and DeFi can bring to the world, and that Solana – due to its inherent characteristics – is well suited to be one of the driving forces of crypto adoption.

CompoundFacts
Defi Coin NameTexture Finance
Short Name TF
Total SupplyN/A
Ethereum ContractN/A
Chat Option Click Here To Visit Compound Chat
Document Click Here To View Document
Official WebsiteClick Here To Visit

Features

Easy-to-Use DeFi:

Building sophisticated products which are easy to use and to understand, both for DeFi experts and newbies, making complex products simple all with a clear and intuitive UI/UX.

Transparency:

clear communication of the products’ mechanics and risks involved are instrumental to earn the trust of the community. Check out Twitter where we’ll be sharing insights on our thought process, challenges faced and how they have been overcome, maths behind the strategies and features ensuring security of users’ funds.

Get up to 15% APY, automated and hassle-free

Leveraged staking made easy. Texture stakes your SOL with Lido and then deposits stSOL to Solend to borrow more SOL and repeat. Automated rewards conversion and compounding.

Texture looks after your leveraged position, so you don’t have to

Texture takes care of it and automatically repays debt, adjusts leverage and makes sure that your position is profitable.

Risk Management:

Texture is here for the long game, meaning while we want to offer highest possible yields to users, these have to be delivered via robust smart contracts able to endure times of high volatility and corner case scenarios, with appropriate safeguard mechanics in place. Texture’s smart contracts are rigorously tested by its dev team and audited by leading blockchain auditors before mainnet launch.

SOL Power Yield Strategy

Texture’s SOL Power Yield Strategy is an algorithmic strategy utilising the arbitrage between (i) staked SOL staking and deposit-on-lending-platforms yields vs (ii) the cost of SOL borrow on the corresponding lending platform. When (i) is higher than (ii), one can profitably lever up her SOL staking position to maximise the yield on the initial SOL deposit.

The steps to implement this strategy manually would be:

  1. 1.Stake your SOL with one of the liquid staking protocols
  2. 2.Deposit the staked SOL tokens with one of the borrow-lending protocols
  3. 3.Borrow SOL against your staked SOL deposit
  4. 4.Repeat steps (1) to (3) as many times as your risk appetite (and time you are willing to spend) permit, finishing with step (2) on your final loop
  5. 5.Harvest any farming rewards earned in the steps above in a timely manner, swap for SOL and redeploy back into the strategy to compound and maximise returns

Texture Flash Loans

A Flash Loan is a feature that allows you to borrow assets from a liquidity pool and repay them, plus a small fee, within the same transaction. Unlike traditional borrow-lending liquidity pools, you don’t have to supply any collateral prior to borrowing the funds.

Originally invented by Marble Protocol and popularised by AAVE and dYdX, Flash Loans are useful for the Solana DeFi ecosystem as well and will open opportunities for capital efficient arbitrage, collateral swapping and self liquidations.

Technical Guide

Texture Flash Loans are open for usage via one of the following SDKs (and more to come soon):

  • ​Rust SDK​
  • ​Type Script SDK​
  • ​Python SDK​

Architecture

The Texture Flash Loan protocol is implemented as an on-chain Solana program.

Most important on-chain entity the program operates on are Reserves. Reserve is a structure containing everything needed to use flash loans for a particular token. The following information can be found within the Reserve:

  • available liquidity for a specific token, e.g. how much wSOL is available for borrow
  • and address of the corresponding wallet, which is controlled by a smart contract

Additionally Reserve contains information about Liquidity Provider (LP) tokens mined for this Reserve.

Interfaces for depositing and withdrawing funds into liquidity pools will be soon implemented on Texture’s website.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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