Tori trUSD

Tori trUSD is a synthetic dollar stablecoin issued by Tori Finance, a decentralized finance protocol that runs delta-neutral trading strategies on-chain. It is designed to track the value of one US dollar and serves users who want exposure to a dollar-denominated asset whose collateral is backed by those trading positions rather than by direct dollar reserves. Eligible users can redeem trUSD for USDC or USDT, subject to the protocol's own terms and conditions.

trUSD lives within the Ethereum ecosystem and is minted against collateral generated by the protocol's delta-neutral positions, meaning the strategies are structured to avoid taking a directional view on crypto prices. Users who stake trUSD receive strUSD in return, and the exchange rate between strUSD and trUSD changes over time to reflect how the underlying strategies perform. No consensus algorithm or block time is recorded for trUSD itself because it is a token on an existing network rather than a standalone chain.

The data stored for trUSD does not include a protocol fee stream, so fee-based measures common on this site are not applicable here. Any return that accrues to staked strUSD holders comes from the performance of the delta-neutral trading strategies and is explicitly variable and not guaranteed. The circulating supply stands at approximately 71,520,334 tokens at the point of measurement, and supply grew by 5.326416 percent over the trailing 30 days, which reflects net minting activity rather than a fee or revenue figure.