About Tori Finance
What is Tori Finance?
Tori Finance is a synthetic dollar protocol that brings institutional-grade, market-neutral yield strategies on-chain. For decades, these strategies have been accessible only to accredited investors with million-dollar minimums. Hedge funds and proprietary trading firms have used them to generate consistent returns regardless of market conditions. Tori changes that - making them available to anyone, anywhere, with any amount.What problem does Tori solve?
The stablecoin market exceeds $300 billion, yet most holders earn nothing on their assets. Existing yield options force difficult tradeoffs:| Option | Limitation |
|---|---|
| T-bill wrappers | Returns capped at risk-free rates |
| Basis trade protocols | High crypto market and counterparty risk with subpar yields |
| Credit protocols | Carry default risk, illiquid strategies |
Core Products
What are trUSD and strUSD?
trUSD
The base synthetic dollarFully backed and audited. Designed to track the value of USD.
strUSD
The yield-bearing tokenStake trUSD to receive strUSD, which accumulates yield over time.
| Token | What It Is | Key Feature |
|---|---|---|
| trUSD | Base synthetic dollar | Swap freely, anytime |
| strUSD | Yield-bearing version | Automatic yield accrual |
trUSD is a synthetic dollar backed by trading positions, different from fiat-backed stablecoins like USDC or USDT. See Risk Disclosures.
What’s the difference between trUSD and USDC/USDT?
| Aspect | trUSD | USDC/USDT |
|---|---|---|
| Type | Synthetic dollar | Fiat-backed stablecoin |
| Backing | Hedged trading positions | Dollars in bank accounts |
| Yield | Stake for strUSD to earn | No native yield |
| Issuer | Tori Finance | Circle/Tether |
Why would I use trUSD instead of USDC?
If you want to earn yield on your dollar exposure. USDC gives you stability but no returns. trUSD lets you stake for strUSD to access institutional-grade yield strategies - while still maintaining dollar-denominated value.Getting Started
How do I get started?
1
Connect Your Wallet
Go to app.tori.finance and connect any Ethereum-compatible wallet
2
Swap for trUSD
Swap USDC or USDT for trUSD - no verification required
3
Stake for strUSD
Stake trUSD to receive strUSD and start earning yield immediately
Is there a minimum amount?
No minimum. Start with any amount you’re comfortable with.What wallets are supported?
Any Ethereum-compatible wallet works, including but not limited to:MetaMask
Rabby
Coinbase Wallet
Rainbow
What chains are supported?
Ethereum mainnet is our primary chain at launch. However, trUSD and strUSD are built using LayerZero’s OFT (Omnichain Fungible Token) standard, making them multi-chain native from day one.| Chain | Status |
|---|---|
| Ethereum Mainnet | Primary chain |
| Other EVM chains | Expansion planned |
| Non-EVM chains | Potential future support |
Yield & Returns
How is yield generated?
Yield comes from market-neutral trading strategies that institutional traders have used for decades:Futures Arbitrage
Futures Arbitrage
What it is: Capturing price differences between spot and futures markets.When futures trade at a premium to spot, we lock in that spread as yield by holding offsetting positions.
Calendar Spreads
Calendar Spreads
What it is: Trading mispricing between different contract expiry dates.Markets sometimes misprice the relationship between near-term and far-term contracts.
Options Strategies
Options Strategies
What it is: Exploiting volatility surface inefficiencies.Options markets frequently misprice volatility across strikes and expirations.
Money Markets
Money Markets
What it is: Short-duration instruments in select markets.Access to institutional money market rates.
What returns can I expect?
Yields are variable and depend on market conditions. Current rates are displayed in the app.| Factor | Impact on Yields |
|---|---|
| Market volatility | Higher volatility often means more opportunities |
| Trading volumes | More activity can create more inefficiencies |
| Competition | More arbitrageurs can compress returns |
| Interest rates | Affects funding rate opportunities |
Yields vary based on market conditions. Past performance does not guarantee future results. Check the app for current rates.
Are returns guaranteed?
No. Returns are never guaranteed. Trading strategies may underperform or incur losses. This is true for any investment product.Can yields go negative?
Yields could be lower in periods when market opportunities are scarce. Our diversification across multiple strategies aims to smooth out performance, but there are no guarantees.Fees
What are the fees?
| Fee | Amount | When | Notes |
|---|---|---|---|
| Swapping | Market rates | Swapping to/from trUSD | Standard DEX fees |
| Staking | None | Staking trUSD for strUSD | Free |
| Unstaking | None | Unstaking strUSD | Free |
| Performance | 10% of yield | On generated yield only | Never charged on principal |
| Mint/Redeem | 0.1% (10bps) | For verified participants | Covers position costs |
| Gas | Variable | All transactions | Standard Ethereum fees |
How does the performance fee work?
A 10% performance fee is taken only from generated yield - never from your principal. Example:- Your position generates 100 trUSD in yield
- 10 trUSD goes to the protocol (10%)
- 90 trUSD accrues to your strUSD
Are there hidden fees?
No. All fees are transparent and listed above. Gas fees are standard Ethereum network fees, not charged by Tori.Availability
Who can use Tori?
Tori is available globally. However, you are responsible for ensuring your use complies with laws in your jurisdiction.Are there any restrictions?
Users must comply with applicable laws in their jurisdiction. Certain regions may be restricted. See our Terms of Service for details.Do I need to verify my identity?
| Action | Verification Required |
|---|---|
| Swapping | No |
| Staking/Unstaking | No |
| Mint/Redeem | Yes - KYC/AML required |
Security
How is security handled?
Sherlock
Smart Contract AuditsComprehensive audits with bug bounty
Hypernative
24/7 MonitoringAI-powered threat detection
Accountable
Proof of ReservesReal-time independent attestations
Are funds insured?
No. Deposits are not insured by any government agency (like FDIC) or private insurance. This is standard for DeFi protocols. Only use funds appropriate to your risk tolerance.Can I verify the backing myself?
Yes! Multiple ways:- Proof of Reserves - Real-time attestations from Accountable
- On-chain data - Verify smart contract balances on Etherscan
- Token supply - Check total supply vs backing
Contact
| Purpose | Contact |
|---|---|
| General inquiries | hello@tori.finance |
| Partnerships | partnerships@tori.finance |
| Support | support@tori.finance |
| Security issues | security@tori.finance |