Overview
trUSD is fully backed by the protocol’s reserve assets. The backing model is designed to maintain stability while enabling yield generation for strUSD holders through market-neutral trading strategies. Every trUSD in circulation is backed by real assets held in secure custody, verified in real-time by independent third parties.How Backing Works
The Backing Model
Unlike fiat-backed stablecoins that hold dollars in bank accounts, Tori’s backing consists of assets deployed across various hedged positions and instruments:How It Compares
Real-Time Transparency
All backing is independently verified and publicly accessible:Proof of Reserves
Accountable
Independent, real-time attestations of all protocol reserves. Accountable provides cryptographic proofs that anyone can verify at any time.
- Total assets under management
- Asset composition and allocation
- Liability coverage ratio
- Reserve fund status
On-Chain Verification
All on-chain components are publicly verifiable:- Smart contract balances
- Token supply
- Transaction history
- Staking contract state
Custody Architecture
All assets are held in institutional-grade secure custody across two layers:On-Chain Assets
Off-Chain Assets
Risk Management Framework
The backing model incorporates multiple layers of risk management:Position-Level Controls
Portfolio-Level Controls
Reserve Fund
A portion of protocol revenue is allocated to a Reserve Fund that serves as an additional buffer against adverse conditions.Verification
Anyone can verify the protocol’s backing:1
View Proof of Reserves
Access real-time attestations from Accountable showing total assets and liabilities.
2
Check On-Chain Data
Verify smart contract balances and token supply directly on the blockchain.
3
Review Attestation Reports
Access detailed attestation reports for comprehensive backing information.
Next Steps
Peg Mechanism
How trUSD maintains its dollar peg
Reserve Fund
Additional protection layer
Strategy
How yield is generated
Risks
Understand all the risks