Universal credit
delegation layer
Twyne lets lenders rent their unused borrowing power to liquidation-weary borrowers
DeFi's Credit Delegation Layer
Built on top of Euler, Twyne allows lenders (Credit LPs) with idle borrow capacity to delegate their Euler IOUs to others and earn yield.
Borrowers can rent this unused borrow power to create a stronger buffer against liquidation events.
Twyne Benefits
Proactive Liquidation Buffer
94% of AAVE V3 liquidations of ETH-USDC pair in the last 2 years could have been prevented with just 10% more buffer. Twyne lets you rent other lenders' borrowing power to instantly boost your liquidation threshold, making your loan healthier and more resilient.
Imagine you deposit $1000 worth of ETH to Euler and borrow $700 USDC, putting you at 70% LTV. The market's LLTV is hardwired at 80%, leaving you with a thin safety margin. Twyne lets you reserve more credit from other lenders and boost your effective LLTV to (example) 95% relative to your original collateral. Your position now has a larger cushion and higher tolerance to market downturns.
(Most) Capital Efficient
Defending your loan today means either having to partially unwind or add more of your own collateral. By tapping into lenders' unused credit capacity, Twyne improves your position without forcing you to lock in a loss or shovel in extra capital.
Cents on the Dollar
Borrowers are only charged for the added credit they reserve from lenders, paid out of their collateral. Spread over your entire position, this comes out to a sliver of average liquidation costs and upfront penalties (usually 2-10%).
How it works
Twyne consists of two types of vaults:
Credit-vault: Stores all Euler IOUs from Credit LPs. One master vault.
Collateral vault: Allows borrowers to reserve Euler IOUs from the Credit-vault. One per user.
To use Twyne, both lenders and borrowers start by depositing their Euler IOUs.
Investors
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& Research
Twyne: A credit-delegation protocol
Overview: Twyne is a modular risk layer that leverages credit-delegation to unlock new levels of capital efficiency in lending markets. At its core, Twyne allows...
Audits
Frequently Asked Questions
Find answers to common questions about our platform, security, and services
Credit delegation is a DeFi mechanism that allows users to delegate their borrowing capacity to other users without transferring the underlying collateral. This enables more efficient capital utilization while maintaining security through smart contracts.
Twyne implements multiple layers of security including smart contract audits, formal verification, multi-signature protocols, and real-time monitoring. Our platform undergoes regular security assessments by leading blockchain security firms.
Our fees are set to 0%.
More info in our Telegram group.
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