Tori Finance Completes $50 Million Deposit Raise for strUSD in 7 Days Ahead of Launch

According to ChainCatcher, Tori Finance completed $50 million in deposits for its strUSD product in just 7 days ahead of the protocol's launch on July 27. The ERC-20 token offers approximately 12% annual yield derived from delta-neutral carry trading strategies traditionally used by institutions, including borrowing in low-rate currencies and investing in high-rate markets while hedging currency exposure. Users deposit USDC or USDT to mint synthetic USD asset trUSD, which is staked to earn strUSD. The protocol has undergone audits by Sherlock and Nethermind, with independent auditor Accountable monitoring off-chain funds and RockawayX serving as risk manager.
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