Kerne Honesty Index

Tori strUSD

Live . ethereum . 0x280839980a7eD0D7717F64125fE241012E5F5815

What this vault advertises, against what it actually paid, measured from its own share price on chain over a 30 day window. Everything below is recomputed hourly and every figure on this page comes from the snapshot named at the bottom. Nothing here is typed by hand.

advertised on a trailing-7d basis against a 30 day realized window, so no gap is stated.

What Tori published.

Context for this row.

Live and accruing, and one of the two dollars on this board that grew while the category shrank. strUSD is an ERC-4626 vault that began accruing in early July, so its realized figure here is measured over the few weeks it has actually paid rather than a full thirty days, and is labelled as such. Tori's own app reports a current APY near 11.3 percent, taken from the last week of vault profit, down from about 12.3 percent when we first read the same endpoint in July and unchanged across the two weeks since, and our realized reading over that short life is close to it, so we show both and state no gap between a seven day figure and our window. Two things deserve a reader's attention rather than a verdict. The 13.75 percent this token is widely quoted at is DefiLlama's computed figure, not one Tori itself publishes: Tori's own surfaces show about 11.3 percent, and market a 15 percent target and 'the highest delta-neutral yield in the market'. And the trUSD behind it, about 54 million dollars now, has pushed past Tori's own stated 50 million dollar pre-deposit cap, earns a points program paying 30 Cores per dollar per day, and is only partly staked into the strUSD this row measures. Audited by Sherlock and Nethermind.

This protocol publishes a 7 day average and our realized column is a 30 day window, so the two are not directly comparable. We show both and state no gap rather than manufacture one out of a unit mismatch.

This page measures one axis and one only: advertised yield against realized yield. It is not a rating, not an audit, and it says nothing about whether Tori is safe or whether its reserves are what it says they are. A protocol in an announced wind down paying nothing is behaving correctly. The reserve axis is a different page, at the reserve transparency scorecard.

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