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About townsquare
TownSquare is a modular money market on Monad offering overcollateralized lending, looping leverage and cross-chain yield. Users deposit to earn interest, post collateral to borrow, or use loop vaults that combine deposit, borrow and re-supply into a single transaction with up to roughly 10x leverage.
What separates it from typical lending markets is risk isolation: lender deposits and borrower collateral are handled separately, each loan is opened and liquidated on its own, and trouble in one asset does not propagate through a shared pool; high-efficiency loans allow up to 95% LTV but only for strongly correlated asset pairs. After launching in July 2026 it opened institutional-grade yield vaults to outside depositors, and held its first public sale in August. The risks are dependence on external protocols and bridges, and looped positions still being liquidated loan by loan in a downturn.
TownSquare, a cross-chain institutional yield infrastructure, has achieved several milestones. In May 2026, it completed a Pre-A round, bringing total funding to $16.25 million, backed by World Liberty Financial ecosystem fund, OKX Ventures, Amber Group, Animoca Ventures, and others. Shortly after, it announced a $100 million USD1 stablecoin liquidity program, in collaboration with World Liberty Financial, deploying USD1 on the Monad EVM L1 chain, aiming to bring institutional yield strategies to broader DeFi users. In July 2026, TownSquare launched a public token sale for TOWN on Monad and Base, targeting approximately $1 million, with two valuation tiers ($150M and $200M), marking its entry into community-driven growth. These steps underscore its commitment to bridging TradFi and DeFi through institutional-grade yield products and cross-chain liquidity.
Token sale: A public sale ran July 20-26 on Monad through Sonar, offering about 0.66% of supply to raise roughly $1 million at two prices, $0.015 with a six-month lock and $0.020 unlocked at TGE, with commitments of $100 to $100,000.
Issuance and backing: TOWN issues on both Monad and Base with settlement from July 27 and KYC/KYB required; the project had previously raised $16.25 million from the World Liberty Financial ecosystem fund, OKX Ventures, Amber Group and Animoca Ventures.
TownSquare launched a $100M USD1 liquidity pipeline on May 14, 2026 around World Liberty Financial's USD1 stablecoin, deploying multi-chain yield across Ethereum, BNB Chain and Monad; on May 28 it unveiled a $10M strategic vault with Native, opening trading-yield vaults on Monad for USD1, cbBTC, USDC and more. The project had previously raised $16.25M.
Future strategy and roadmap: On future strategy, the official roadmap targets a TownSquare V2 UI, expanded Base and BNB Chain lending pools, $150M-$200M liquidity, live institutional vaults and first veTOWN governance in H1/H2 2026, then new yield vaults and real-estate-backed RWA vaults on BNB Chain plus TOWN staking in Q4.
JC Zhang — Founder; previously co-founder and product lead of the decentralized perpetuals protocol Qilin Protocol, with a background in Web3 product growth and DeFi architecture.
Long Yu W. — Co-founder & CTO. Other team members come from Coinbase, Meta, Accenture and market maker Tokenmania.
townsquare charges an exit fee when a user calls requestRedeem to redeem, capped at 1%, a ceiling hard-coded in the contract that cannot be raised, with the fee deducted directly from the quoted amount and minted to the treasury as shares.