Tori Finance
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Institutional yield, on-chain. Backed by @Delphi_Ventures
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trUSD and strUSD both trade on Curve Finance. There are two ways to use it. The first is swapping. You buy trUSD with USDC in one pool and move between strUSD and trUSD in the other, which lets you enter and exit a yield position at market price rather than waiting out the 7-day cooldown. The second is providing liquidity. You supply either side of a pool, or both, and receive LP shares representing your portion of it. From there you earn a share of the fees on every swap routed through, plus the yield accruing to the pool. Currently 4.74% on strUSD/trUSD. Then there are Cores. Supplying strUSD/trUSD earns 15x, against 5x for holding strUSD on its own. A balanced position puts half your capital into trUSD, which does not accrue the strategy yield that strUSD does. So a pool pays a lower rate than holding strUSD, and the trade is some yield for more Cores. Curve incentives are on the way, with gauge weight voted in for the next epoch. And as of today both pools are live on Convex Finance, where you can stake your LP shares for rewards on top. Links below.
Tori Finance85,373 Aufrufe • vor 1 Monat
Supply USDC to the Tori Ecosystem vault on Morpho 🦋, curated by RockawayX. You stay in USDC. What you earn: A competitive lending rate, paid in USDC, and a 10x Cores boost on every dollar supplied. What you hold: USDC, not trUSD or strUSD, and none of the strategy. Your USDC is lent against them, so your return is interest on overcollateralized positions. Every position is smaller than the collateral behind it and is repaid first when one is liquidated. How far collateral falls before a lender takes a loss: 5.5% on PT-trUSD, which is vanilla trUSD exposure, and 14% on strUSD and its PT, less the liquidation fee. strUSD carries $4M of first-loss capital behind that, around 8.8% of staked trUSD today. Withdraw anytime. No lock-up. Links below.
Tori Finance30,799 Aufrufe • vor 1 Monat
trUSD/USDC is live on Fluid 🌊 Smart Lending. What is different about this one: In an ordinary liquidity pool your inventory sits idle between swaps. Fluid lends the position into its liquidity layer at the same time, so it is pool liquidity and a lending position at once. What you earn: The lending rate Fluid's liquidity layer pays on the position, a share of the fees on swaps routed through the pool, and 30x Cores for supplying. The pool reads 2.13% today. trUSD does not accrue the strategy yield that strUSD does. This pool is a way to hold it and earn a rate anyway. Deposit one token or both, withdraw any time. Links below.
Tori Finance10,342 Aufrufe • vor 14 Tagen
frxUSD/trUSD is live on Curve Finance. What is different about this one: Frax Finance ¤⛓️¤ backs frxUSD with tokenized treasuries and money market funds. Rather than keep that reserve income, they forward it into the pool's incentives. What you earn: A share of the fees on every swap routed through, the incentives Frax streams to the pool, and 30x Cores for supplying. The pool reads 10.43% APY today. You can also stake the LP shares on Convex Finance. Links below.
Tori Finance14,128 Aufrufe • vor 1 Monat
trUSD and strUSD are live on Pendle. PT, for a fixed rate: PT-strUSD is at 12.25% for the 119 days to maturity, whatever strUSD's yield does in the meantime. It costs $0.9629 and redeems for 1 trUSD. YT, for the variable yield and the Cores: YT-strUSD costs $0.0368. A YT is a claim on that yield until 26 November, and nothing after it. It only pays off if the yield and Cores it collects beat what you paid. LP, for a mix of both plus swap fees: You supply either side and hold a share of the pool, part PT and part SY. The SY side keeps earning strUSD's yield, with swap fees and PENDLE incentives on top. Pendle reads the strUSD pool at 16.25%, 1.41% of that in PENDLE. The rate moves with volume and the SY ratio. Cores: YT-strUSD earns 6x and YT-trUSD earns 30x. Lock the YT on Tori and both rise 50%, to 9x and 45x. An LP earns 9x on strUSD and 45x on trUSD, against 5x for holding strUSD on its own. An LP holds PT alongside SY, so it carries less of the variable yield than holding strUSD, and its Cores land on the SY portion rather than the whole position. trUSD runs the same structure. It does not accrue yield, so its entire PT rate is the discount to par, 13.95%. YT-trUSD costs $0.0415. PT markets go live on Morpho on Sunday 2 August. PT looping follows. Links below.
Tori Finance13,095 Aufrufe • vor 1 Monat
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