Raising $5M SOL Yield Manager Texture Now Enteres Private Beta

Texture, a DeFi yield platform, has secured $5 million in a round headed by P2P Capital and Sino Global, and is currently in private beta.

Wintermute, Semantic Ventures, and Jane Street Capital are the other investors in this round. The money were raised using the stablecoin USDC, and the value was kept confidential.

Texture is a blockchain-based DeFi platform powered by the Solana blockchain. Its initial offering offers larger returns to SOL token holders who invest them. It employs a leveraged staking approach, similar to tokens on Ethereum such as the Interest Compounding ETH Index (icETH) and the ETH Max Yield Index, to accomplish this (ETHMAXY).

“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,” said Texture Co-founder Oleg Ravnushkin.

For individuals wishing to stake their SOL, the site aims to give a maximum return of 15%.

Texture use many platforms to do this. Lido Finance is used for the basic liquid staking aspect. It employs Solend, which was compromised for $1.26 million on November 2, for lending and borrowing, as well as Orca for compounding incentives.

Texture will become accessible to the general public after an audit has been completed, which might occur by the end of the year.

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