Institution-backed yields

TownSquare introduces several sources of institution-backed yield to retail

• Trading yield

Hedge funds & trading teams can curate self-deployed vaults on TownSquare based on their factor trading, delta-neutral trading, and arbitrage opportunities. Non-delta-neutral strategies involve a maximum drawdown setting that stop losses in one-sided market. *Curator compensation, where applicable, is defined in each vault's own terms and is not offered to Korean users. TownSquare charges no performance fee and does not manage vault assets.

• Private credit yield

Cash-flow businesses are traditionally available only to private equity funds. Private credit yields supported by private credits issued by cash-flow businesses via credible onchain issuers, can be offered on TownSquare vaults deployed by the asset managers, curated by the respective asset issuer and manager.

• RWA yield*

RWA vaults are curated via specialized asset issuer and management companies in case of reserve proof and security.

*TownSquare is not a bank, takes no deposits, and pays or guarantees no interest.