About Tori Finance
What is Tori Finance?
Tori Finance is a yield 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. Institutional trading desks and money market participants have relied on them. 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:
Tori offers liquid market-neutral strategies that aim to generate yield uncorrelated with market direction.
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.
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?
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
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. Multi-chain support for trUSD and strUSD is planned through Chainlink CCIP using the Cross-Chain Token (CCT) standard.
This means you’ll be able to bridge trUSD and strUSD across supported chains as they become available.
Cores and Referral
What are Cores?
Points you earn for contributing to the protocol. See the Cores page for the full breakdown.How do I earn Cores?
Hold trUSD, stake strUSD, or participate in DeFi integrations. You earn 30 Cores per dollar per day during the pre-deposit phase.What is the pre-deposit boost?
A 2x Cores boost during the pre-deposit phase. It is the highest boost there will be. See the Pre-Deposit Vault for details.What is the referral program?
Refer a friend and earn 10% of the Cores they earn. They keep all of theirs, and your bonus is paid on top. See the Referral Program.What will Cores be used for?
As the protocol evolves, Cores will translate into a stake in the future of Tori.Yield & Returns
How is yield generated?
Yield comes from market-neutral trading strategies that institutional traders have used for decades:Money Markets
Money Markets
What it is: Short-duration instruments in select markets. This is typically our largest allocation.Access to institutional money market rates.
Futures Arbitrage
Futures Arbitrage
What it is: Capturing price differences between spot and futures markets.When futures trade at a premium to spot, the spread can be captured as yield through 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.
What returns can I expect?
Yields are variable and depend on market conditions. Current rates are displayed in the app.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. Yields vary based on market conditions and opportunities available.Can there be temporary drawdowns?
Yes. Delta-neutral strategies may experience temporary fluctuations before positions converge. This is expected behavior. The strategies are designed so that offsetting positions eventually resolve. These temporary drawdowns are not permanent losses.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?
How does the performance fee work?
A 10% performance fee is taken only from generated yield, never from the tokens you stake. 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?
Most users only need to swap and stake, which requires no verification.
For large-scale minting and redemption at NAV, verification is required. See Minting & Redemption.
Security
How is security handled?
Sherlock and Nethermind
Smart Contract AuditsIndependent audits by two leading security firms
Hypernative
24/7 MonitoringAI-powered threat detection
Accountable
Proof of ReservesReal-time independent attestations
Is trUSD/strUSD insured?
No. trUSD and strUSD are not insured by any government agency (like FDIC) or private insurance. This is standard for DeFi tokens. Only use amounts appropriate to your risk tolerance. Protocol cover for the Tori pre-deposit vault is available separately through Nexus Mutual, covering smart contract and oracle risk.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
Learn More
Quickstart Guide
Step-by-step instructions to get started
How Yield Works
Deep dive into our trading strategies
Security
Our comprehensive security approach
Risk Disclosures
Understand what’s involved