The modular lending protocol TownSquare announces the completion of the Builders round of financing, with participation from Typhon Ventures, Bixin Ventures, and others.

According to a message from 深潮 TechFlow on June 27, the modular currency market protocol TownSquare, built on Monad, announced the completion of its builder round financing, with institutional investors including Typhon Ventures, Bixin Ventures, Dorahacks Ventures, Mulana Capital, and Ankaa.

TownSquare focuses on providing leveraged yield and cross-chain lending services, with the protocol natively built in a cross-chain environment, centered around Monad. Its treasury system provides natively integrated components for passive yield and leveraged yield experiences. The protocol adopts a modular architecture, combining the team's rich experience, aiming to bring higher efficiency, stronger cross-chain interoperability, and optimized yields to decentralized finance.

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