# Proposal to add trUSD/USDC, trUSD/frxUSD and trUSD/strUSD pools on Ethereum to Gauge Controller **URL:** \ **Category:** Gauge Proposals\ **Created:** [July 16, 2026, 7:10pm UTC](http://gov.curve.finance/t/proposal-to-add-trusd-usdc-trusd-frxusd-and-trusd-strusd-pools-on-ethereum-to-gauge-controller/11113 "2026-07-16T19:10:00Z")\ **Posts on this page:** 1\ **Showing post:** 1
**Author:** ![alpie0x](http://gov.curve.finance/letter_avatar_proxy/v4/letter/a/6de8d8/32.png) [@alpie0x](http://gov.curve.finance/u/alpie0x)\ **Post date:** [July 16, 2026, 7:10pm UTC](http://gov.curve.finance/t/proposal-to-add-trusd-usdc-trusd-frxusd-and-trusd-strusd-pools-on-ethereum-to-gauge-controller/11113/1 "2026-07-16T19:10:00Z")
# Summary Proposal to add gauges for three Tori Finance Stableswap-NG pools on Ethereum: trUSD/USDC, trUSD/frxUSD and strUSD/trUSD. This enables CRV emissions and lets Tori direct vote incentives to build deep, stable liquidity for its dollar token (trUSD) and its yield-bearing token (strUSD). # References / Useful links - Website: [https://tori.finance](https://tori.finance) - App: [https://app.tori.finance](https://app.tori.finance) - Docs: [https://docs.tori.finance](https://docs.tori.finance) - Real-time Proof of Solvency (Accountable): [https://tori.accountable.capital/](https://tori.accountable.capital/) - Audits (Sherlock, Nethermind): [Audits - Tori Finance](https://docs.tori.finance/security/audits) - X: [Tori Finance (@tori\_finance) / X](https://x.com/tori_finance) - DefiLlama: [https://defillama.com/protocol/tori-finance](https://defillama.com/protocol/tori-finance) # Protocol Description Tori is a yield protocol that brings institutional delta-neutral strategies on-chain, using a two-token model: - trUSD is Tori’s dollar token, fully collateralized and redeemable at $1. - strUSD is the staked, yield-bearing token (ERC-4626). It earns yield from delta-neutral strategies (hedged money-market and FX carry positions), currently around 12% from the underlying strategies. strUSD is an exchange-rate token: its value in trUSD rises as yield accrues. Reserves, collateralization and hedge ratios are verified continuously on-chain by Accountable, not through periodic attestations. The protocol is 100%+ collateralized. # Motivation Curve is Tori’s primary venue for secondary-market liquidity. - trUSD/USDC and trUSD/frxUSD anchor the trUSD peg against major dollar assets. - strUSD/trUSD lets holders move between the yield token and the base dollar, and lets LPs earn swap fees plus emissions on the yield pair. Deep liquidity here also supports downstream integrations already in progress (Convex, StakeDAO, and a prospective LlamaLend market once depth is established). # Specifications 1. Governance: Two-token model, no governance token. The protocol is controlled by a multisig with function-scoped roles (separate minter, pauser, upgrader) and 24-hour timelocks on all upgrades and parameter changes. The minting contract enforces 1:1 collateralization on-chain, so no party can mint unbacked trUSD even with all signer keys. On-chain custody uses MPC (Fordefi); off-chain assets are held at regulated custodians. 2. Oracles: trUSD/USDC and trUSD/frxUSD are standard Stableswap-NG pools with no external oracle. strUSD/trUSD is an oracleized Stableswap-NG pool using a Redstone feed that reports the strUSD/trUSD exchange (redemption) rate. 3. Audits: Audited by Sherlock and Nethermind (public reports). $1M bug bounty live. 4. Centralization vectors: Strategy execution is outsourced to regulated institutional desks operating under a fixed mandate. Reserves sit with regulated custodians and are attested in real time by Accountable. Admin actions are timelocked and role-scoped as above. 5. Market History: trUSD and strUSD launched via a pre-deposit vault (curated by RockawayX, infrastructure by Upshift) that filled its $50M cap --- _[View the full topic](http://gov.curve.finance/t/proposal-to-add-trusd-usdc-trusd-frxusd-and-trusd-strusd-pools-on-ethereum-to-gauge-controller/11113)._