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Standard Money (prev. Tranching Protocol) is a delta-neutral yield protocol featuring the $USDSD synthetic stablecoin and $sUSDSD yield-bearing token. The protocol allows users to earn up to 30% APY through delta-neutral yield farming strategies and dedicated exchange liquidity provision partnerships.
On November 3rd, 2024, CoinDesk reported that the project closed an $8M Strategic funding round with participation from YZi Labs, Animoca Brands, Crypto.com, and Gate. However, this was later disputed by both the project and the investors named. It is most likely that the investors initially mentioned had participated in earlier funding rounds under the protocol's previous Tranching Protocol branding.