The modular lending protocol TownSquare has announced the completion of a builder round of financing, with participation from Typhon Ventures, Bixin Ventures, and others.
Powered by ChatGPTAccording to the official announcement, TownSquare, a modular money market protocol built on Monad, announced the completion of a builder round of financing. Institutional investors include Typhon Ventures, Bixin Ventures, Dorahacks Ventures, Mulana Capital, and Ankaa.
It is reported that TownSquare focuses on providing leveraged returns and cross-chain lending services. The protocol is natively built in a cross-chain environment, with Monad as the core. Its vault system provides natively integrated components for passive income and leveraged income experiences. The protocol adopts a modular architecture, combined with the team's extensive experience, and aims to bring higher efficiency, stronger cross-chain interoperability, and optimized returns to DeFi. [Odaily星球日报]