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About trUSD: trUSD is a synthetic dollar backed by trading positions, which is different from fiat-backed stablecoins like USDC or USDT. Learn more in our Risk Disclosures.

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What is Tori Finance?

Tori Finance is a synthetic dollar protocol that brings institutional-grade, market-neutral yield strategies on-chain. For decades, the best risk-adjusted returns in finance have been locked behind geographic restrictions, accreditation requirements, and million-dollar minimums. Hedge funds and proprietary trading firms have used these strategies to generate consistent returns regardless of market conditions - but access has always been limited to the privileged few. Tori changes that. We’re bringing these time-tested strategies on-chain, making them accessible to anyone, anywhere, with any amount.

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Core Products

https://mintcdn.com/tori-a4f37b86/CSG1FX6aXQo9zNn9/logo/trusd.svg?fit=max&auto=format&n=CSG1FX6aXQo9zNn9&q=85&s=d5ee9a082020050d059892c4440961d5

trUSD

The base synthetic dollarFully backed and audited. Swap seamlessly, anytime.
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strUSD

The yield-bearing tokenStake trUSD to earn yield from institutional trading strategies.

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The Problem We Solve

The stablecoin market exceeds $300 billion, yet most holders earn nothing on their assets. Existing yield options force users to make difficult tradeoffs:
CategoryHow It WorksLimitations
T-Bill WrappersTokenize government bondsReturns capped at subpar rates (~4%); often require KYC
Basis Trade ProtocolsCapture funding rates from perpetual marketsYields highly variable (4-6% nowadays) and can go negative; concentrated crypto exposure
Credit ProtocolsLend to borrowers for yieldExposed to high credit/default risk; often illiquid during stress
High-Yield StablesVarious strategiesOften carry significant drawdown risk or complexity
Tori offers a different approach: market-neutral strategies that have generated consistent returns for institutional traders for decades - now accessible on-chain with full transparency.

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How Yield Is Generated

Unlike protocols that rely on a single strategy, Tori deploys capital across multiple market-neutral approaches:
Capturing price differences between spot and futures markets. When futures trade at a premium to spot, we can lock in that spread as yield. This is one of the oldest and most reliable arbitrage strategies in finance.
Trading mispricing between different contract expiry dates. Markets often misprice the relationship between near-term and far-term contracts, creating opportunities for risk-adjusted returns.
Exploiting volatility surface inefficiencies. Options markets frequently misprice volatility across strikes and expirations, allowing systematic capture of these inefficiencies.
Short-duration instruments in select global markets. Access to institutional money market rates that aren’t typically available to retail participants.
We continuously evaluate and may add new strategies as opportunities arise. All strategies are designed to be delta-neutral, meaning they have zero directional exposure to market movements. Returns come from market inefficiencies, not from betting on prices going up or down.

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How It Works

Getting started with Tori takes just a few minutes:
1

Swap

Connect your wallet and swap USDC or USDT for trUSD. No verification required.
2

Stake

Convert trUSD to strUSD with a single transaction. Your position immediately starts earning yield.
3

Earn

strUSD accumulates yield automatically. The exchange rate between strUSD and trUSD increases over time as yield is generated.
4

Unstake

When you’re ready to exit, request unstaking. There’s a 7-day cooldown period for liquidity management.
5

Exit

After the cooldown, swap your trUSD back to USDC or USDT.

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What Makes Tori Different

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Global Access Without Barriers

Traditional yield strategies require:
  • Accredited investor status
  • $1M+ minimum investments
  • Geographic restrictions
  • Complex fund structures
Tori requires none of this. Anyone with a Web3 wallet can access the same strategies that were previously reserved for institutional investors.

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True DeFi Composability

Unlike traditional funds that lock up your capital, strUSD is a liquid ERC-20 token that you own and control. This means you can:
  • Use strUSD as collateral in lending protocols
  • Provide liquidity in DEX pools
  • Transfer freely between wallets
  • Integrate into any DeFi application
DeFi integrations are currently in development. See DeFi Integrations for updates.

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Transparent and Verifiable

Every aspect of Tori is designed for transparency:
ComponentProviderWhat It Does
Proof of ReservesAccountableReal-time, independent attestations that anyone can verify
Security MonitoringHypernative + InternalAI-powered 24/7 threat detection and surveillance
Smart Contract AuditsSherlockComprehensive audits with ongoing bug bounty program
User funds are never commingled with operations. All reserve data is independently verifiable at any time.

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Institutional-Grade Custody

All assets are held in institutional-grade secure custody:
  • On-chain: Audited smart contracts with multi-signature controls
  • Off-chain: Qualified institutional custodians with segregated accounts
  • We only work with established, reputable counterparties

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Understanding What You’re Using

To make informed decisions, here’s what you should know:
AspectDetails
Product TypetrUSD is a synthetic dollar, different from fiat-backed stablecoins
Yield SourceMarket-neutral trading strategies (variable returns)
SecurityAudited contracts, 24/7 monitoring, reserve fund buffer
TransparencyReal-time, completely transparent Proof of Reserves
Like all DeFi products, Tori involves risk. We’ve designed multiple safeguards, but we encourage you to review our Risk Disclosures to understand what’s involved.

Get Started

Start earning in minutes

Strategy

How we generate yield

Security

Our security measures

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