Underlying asset
strUSD
Issued by Tori. The facts below were checked on the date shown, from the sources listed.
strUSD is issued by Tori. What stands behind it: a basis trade run off chain. It is redeemed after a cooldown.
Facts
- Issuer
- Tori
- What stands behind it
- a basis trade run off chain
- Strategy
- market-neutral trading, run by a manager
- Valued in
- USD
- Position in the capital stack
- not a tranche
- Who has to keep a promise
- a manager off chain, an exchange holding the assets
- Redemption
- redeems after a cooldown
the contract reported a cooldown of 7 days (6 Oct 2026) - Who can change it
- a multisig (Safe) · 3 of 5 signatures · the admin role 0x0c6bbfd2d5666d44bf28580edeec0263692c8316 (Ethereum)
a timelock · 24 h delay · the timelock's admin role 0xa952453e39f77108ee37c1b92de593f1c59a6ef4 (Ethereum) - Audits
- Nethermind, 2026-03
Sherlock, 2026-02 - Bug bounty
- up to $1,000,000 on Tori (in-house)
- Depends on
- none recorded
Other assets from the same issuer: trUSD - Chains
- Ethereum
- Checked
- 2026-10-01, from the issuer's own documents
- Sources
- https://docs.tori.finance/products/strusd
https://docs.tori.finance/security/roles
https://docs.tori.finance/security/audits
https://docs.tori.finance/solution/reserve-fund
Pendle markets on it
Live Pendle markets on this asset, as of 6 Oct 2026. Rates are not shown. Market data: Pendle.
| Chain | Maturity | Principal token |
|---|---|---|
| Ethereum | 2026-11-26 | PT-strUSD-26NOV2026 |
Not found
What the research has not answered for this asset, said rather than left blank.
- All six questions are answered for this asset.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.