> For the complete documentation index, see [llms.txt](https://docs.townsq.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.townsq.xyz/introduction/overview.md).

# Overview

TownSquare is a high-performance cross-chain, non custodial lending and liquidity protocol, and institution-backed yield infrastructure powering RWAs and stablecoins. At its core, the stack providers open, non-custodial vault insfrastructure throught which independent curators may serve eligible users, subject to local law.

The infrastructure solves longstanding **accessibility** issues in finance that yield readily available product market fit:

* Institutional strategies and RWA yields offer higher-than-average returns but are **hard to access for retail**;
* Existing onchain lending-based yield curation offers 1-4% yield on average, whereas T-bill yield can offer on-par yield risk-off.
* Onchain infrastructure pffers efficient, transparant access to institutional strategies. TownSquare applies KYC/AML where required.

### Key functionalities

* **Institution-backed strategies and private yields:** trading strategies, private credit yields, proprietary yield sources are made accessible to retail on chains including BNBChain, Base, Monad and other performant chains.
* **Battle-tested curated yield vaults**: yield vaults on TownSquare can be customized for private credit lending-based, trading-based, and proprietary strategies, managed by institutional curators.
* **Lending & liquidity markets for the seamless crosschain liquidity:** users can collateralize their assets on Chain A to access liquidity on Chain B, supported on high-throughput chains includin BNBChain, Base, and Monad etc.
* **Yield loops**: Unlike existing protocols that only limit levered exposure to yield-bearing assets within a single chain, cross-chain loops on TownSquare can be achieved via collateralizing to borrow assets on a different chain that offers more attractive yields.
* **Isolated loan positions**: Isolated loan positions prevent risk contagion between collaterals during volatilities.
* **Capital-efficiency**: lending vault liquidity is directly utilized by loop strategy vaults, and unutilized liquidity is allocated to earn yield from external sources.