> ## Documentation Index > Fetch the complete documentation index at: https://docs.tori.finance/llms.txt > Use this file to discover all available pages before exploring further. # Market Landscape > Understanding yield options in DeFi ## The problem The stablecoin market exceeds \$300B, yet most holders earn nothing. The yield options that do exist each come with a tradeoff: | Category | How it works | Considerations | | - | - | - | | **T-bill wrappers** | Tokenize government bonds | Returns capped at the risk-free rate | | **Basis trade protocols** | Capture funding rates from perpetual markets | Yields swing with sentiment and can go negative | | **Credit protocols** | Lend to borrowers | Credit and default risk; collateral is often illiquid | | **High-yield stables** | Various strategies | Can carry significant drawdown risk or complexity | ## The Tori approach Tori runs market-neutral arbitrage. Positions are structurally hedged, so returns come from pricing differences rather than market direction. Both tokens are built for composability and slot into the rest of DeFi. ## What sets Tori apart ### Strategy heritage Our strategies aren't DeFi experiments. They're institutional approaches that have been refined over decades in traditional markets, now accessible on-chain. ### Access No accreditation requirements and no minimums. Access is subject to eligibility restrictions in some jurisdictions, including the United States and the EU/EEA; see the [Terms of Service](/legal/terms). ### DeFi native strUSD is a composable asset. Use it as collateral, in lending protocols, or wherever stablecoins are accepted. ### Transparency Reserves are attested independently by Accountable, and you can check the [live dashboard](https://tori.accountable.capital) yourself. The full security stack, including monitoring by Hypernative and audits by Sherlock and Nethermind, is documented in [Security](/security/overview). ## No free lunch Every source of return involves tradeoffs. Ours include: * **Temporary drawdowns**: delta-neutral positions can fluctuate before they converge. This is expected behavior. * **Capacity**: rewards may compress as the protocol scales. * **Complexity**: these strategies need serious infrastructure to run well. We think the risk-adjusted proposition holds up, but evaluate the alternatives and read the [risk disclosures](/resources/risks) before deciding. ## Next steps Set up a wallet, swap into trUSD, and stake The three trades behind the rewards This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.