Skip to main content
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.

​
What is Tori Finance?

Tori Finance is a synthetic dollar protocol that brings institutional-grade, market-neutral strategies on-chain. For decades, the best risk-adjusted returns in finance have been locked behind geographic restrictions, accreditation requirements, and million-dollar minimums. Institutional trading desks and money market participants have run these strategies, 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 with any amount.

​
Core products

trUSD

The base synthetic dollarBacked, attested, and audited. Swap in the app.

strUSD

The vault receipt tokenStake trUSD to earn rewards from institutional trading strategies.

​
The problem Tori solves

The stablecoin market exceeds $300 billion, yet most holders earn nothing on their assets. Existing yield options force users to make difficult tradeoffs: Tori offers a different approach: market-neutral strategies that institutional traders have used for decades, now accessible on-chain with full transparency.

​
How rewards are generated

Tori doesn’t rely on a single trade. Capital is spread across several market-neutral strategies:

Money markets

Short-duration instruments in select global markets, at institutional rates retail participants don’t normally see. Money markets carry the largest share of the book.
When futures trade at a premium to spot, buying one and selling the other captures the spread. One of the oldest arbitrage trades in finance.
Near-term and far-term contracts on the same market drift out of line with each other. Trading that relationship earns the gap without taking a view on price.
Arbitrage positions are paired long and short, so returns come from pricing gaps rather than market direction. New strategies get added when the risk-reward clears the bar. The full breakdown is in Strategy.

​
How it works

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 accrues rewards as they are distributed based on current market conditions.
3

Earn

strUSD accumulates rewards automatically as they are distributed. The exchange rate between strUSD and trUSD increases over time as rewards are 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.

​
What makes Tori different

​
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. Eligibility is restricted in some jurisdictions; the Terms of Service have the details.

​
DeFi composability

strUSD is a liquid ERC-20 you hold in your own wallet, not a fund share on a register. It transfers freely, can back a lending position or a DEX pool, and plugs into anything that accepts an ERC-20. The live venue catalog is in the app at app.tori.finance/defi; see DeFi integrations for the current list.

​
Transparent and verifiable

Every layer of the stack has an outside party attached, and each one publishes somewhere you can look: The full stack, including the reserve fund and role permissions, is on the security overview.

​
Custody

On-chain, assets sit in audited contracts behind multisig and timelocked admin roles (who holds which key). Off-chain, they’re held with institutional custodians in segregated accounts. Backing describes the full custody model.

​
What you’re holding

trUSD is a synthetic dollar backed by hedged trading positions, not dollars in a bank account. Rewards come from trading, which means they’re variable. The contracts are audited, reserves are attested continuously, and a reserve fund sits behind the system, but no design removes risk entirely. The Risk Disclosures set out what’s involved.

Get started

Wallet to earning in five steps

Strategy

Each strategy, in detail

Security

Audits, monitoring, and who holds the keys

​
Contact

For partnerships, reach out to [email protected]. For support and community discussion, join our Discord.