Yields are variable and depend on market conditions. Past performance does not guarantee future results. See Risk Disclosures.
What is strUSD?
strUSD is the yield-bearing version of trUSD. When you stake trUSD, you receive strUSD tokens that automatically accumulate yield over time from Tori’s institutional-grade trading strategies. Think of strUSD as a “receipt” for your staked trUSD that grows in value as yield is generated. Key characteristics:| Feature | Description |
|---|---|
| Ticker | strUSD |
| Standard | ERC-20 (LayerZero OFT) |
| Primary Network | Ethereum Mainnet |
| Multi-chain | Yes - native support via LayerZero |
| Staking | Instant |
| Unstaking | 7-day cooldown period |
| Yield | Automatic accrual via exchange rate |
How strUSD Works
The Exchange Rate Mechanism
Unlike some yield tokens that distribute rewards periodically, strUSD uses an exchange rate mechanism. Here’s how it works:- Initial Rate: When you first stake, the exchange rate determines how much strUSD you receive for your trUSD
- Yield Accrual: As yield is generated, the exchange rate increases
- Redemption: When you unstake, you receive trUSD based on the current (higher) exchange rate
Example: Understanding the Exchange Rate
Example: Understanding the Exchange Rate
Day 1:
- Exchange rate: 1 strUSD = 1.00 trUSD
- You stake 10,000 trUSD
- You receive 10,000 strUSD
- Exchange rate has increased to: 1 strUSD = 1.10 trUSD
- Your 10,000 strUSD is now worth 11,000 trUSD
- That’s a 10% yield on your position
- You request to unstake your 10,000 strUSD
- After the 7-day cooldown, you receive 11,000 trUSD
- You’ve earned 1,000 trUSD in yield
Staking Process
1
Have trUSD
First, you need trUSD in your wallet. Get trUSD →
2
Navigate to Stake
Go to app.tori.finance and select the Stake tab.
3
Enter Amount
Enter how much trUSD you want to stake. There’s no minimum.
4
Confirm Transaction
Review and confirm the transaction in your wallet.
5
Receive strUSD
strUSD tokens appear in your wallet, immediately earning yield.
Unstaking Process
When you’re ready to exit your position:1
Navigate to Unstake
Go to the Unstake tab in the app.
2
Enter Amount
Enter how much strUSD you want to unstake.
3
Initiate Cooldown
Confirm the transaction to begin the 7-day cooldown.
4
Wait
Your request is pending during the cooldown period.
5
Claim
After 7 days, return to the app and claim your trUSD.
Why 7 days? The cooldown period ensures proper liquidity management. It allows the protocol to manage redemptions in an orderly manner without forcing liquidations or impacting other users.
Fees
Performance Fee
A 10% performance fee is applied to strUSD yield.| What’s Charged | What’s NOT Charged |
|---|---|
| 10% of generated yield | Principal amount |
| Staking transaction | |
| Unstaking transaction |
The performance fee is automatically factored into the exchange rate. You don’t need to pay it separately - it’s already reflected in your strUSD value.
Where Does Yield Come From?
Yield is generated 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.How it works: When futures trade at a premium to spot prices, we can lock in that spread as yield by being long spot and short futures simultaneously.Why it’s market-neutral: The long and short positions offset each other’s directional exposure.
Calendar Spreads
Calendar Spreads
What it is: Trading mispricing between different contract expiry dates.How it works: Sometimes the price difference between near-term and far-term contracts deviates from fair value, creating an opportunity.Why it’s market-neutral: We’re trading the relationship between contracts, not the direction of the underlying asset.
Options Strategies
Options Strategies
What it is: Exploiting volatility surface inefficiencies.How it works: Options markets frequently misprice volatility across different strikes and expirations. We capture these inefficiencies systematically.Why it’s market-neutral: Properly hedged options positions can be insulated from directional moves.
Money Markets
Money Markets
What it is: Short-duration instruments in select global markets.How it works: Access to institutional money market rates and short-term lending opportunities.Why it’s market-neutral: These are typically very short-duration, high-quality instruments with minimal price risk.
DeFi Composability
strUSD is a standard ERC-20 token, which means it’s fully composable with the DeFi ecosystem:| Use Case | Description |
|---|---|
| Collateral | Use strUSD as collateral in lending protocols |
| Liquidity | Provide liquidity in DEX pools |
| Yield Aggregation | Integrate with yield optimizers |
| Transfers | Send freely to any Ethereum address |
| Building | Build applications on top of strUSD |
Custody & Security
Your strUSD is secured by multiple layers of protection:| Component | Provider | Description |
|---|---|---|
| Smart Contract Audits | Sherlock | Comprehensive audits with ongoing bug bounty |
| Security Monitoring | Hypernative + Internal | AI-powered 24/7 threat detection |
| Proof of Reserves | Accountable | Real-time, independent attestations |
- On-chain: Audited smart contracts with multi-signature controls
- Off-chain: Qualified institutional custodians with segregated accounts
Risk Considerations
Like all yield-generating products, strUSD involves risk. Here’s what to understand:| Risk Type | What It Means | How We Manage It |
|---|---|---|
| Strategy | Yields vary with market conditions | Diversification across multiple strategies |
| Smart Contract | Code may have vulnerabilities | Audits by tier-1 firms, real-time security systems, bug bounty programs |
| Market | Extreme conditions affect performance | Risk limits, stop-losses, reserve fund |
| Liquidity | 7-day cooldown for unstaking | Ensures orderly redemption for all users |
Technical Details
For developers and integrators:| Property | Value |
|---|---|
| Contract Standard | ERC-20 (LayerZero OFT) |
| Decimals | 18 |
| Primary Network | Ethereum Mainnet |
| Multi-chain | Native support via LayerZero OFT standard |
| Upgradeable | Yes (via proxy) |
Multi-Chain Architecture
Like trUSD, strUSD is built using LayerZero’s Omnichain Fungible Token (OFT) standard:- Seamless bridging - Transfer strUSD across chains without wrapped tokens
- Yield continues - Your strUSD keeps earning regardless of which chain it’s on
- EVM chains - Support for major EVM-compatible chains planned
- Future expansion - Non-EVM chains may be supported in the future
