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Dashboards / Pendle / trUSD
trUSD
EthereumMatures 26 Nov 2026, 28 daysUnderlying trUSD at $0.9997
Implied APY
9.53%
fixed rate to maturity
Underlying APY
0.00%
+9.53 pts implied minus underlying
Max APY (LP)
3.00%
Liquidity
$798.3K
TVL
$3.26M
24h volume
$23.5K
Implied 9.53% against 0.00% underlying
Implied and underlying APY, daily
ImpliedUnderlying
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
$3.26M locked in this market
Market TVL, USD, daily
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
The collateral
The underlying asset is the risk in a Pendle position. What backs trUSD, in Pendle's words and ours.
Class Stablecoin (issuer unverified)stablespoints
What it is
trUSD is Tori Finance's synthetic dollar, backed by delta-neutral, market-neutral trading positions (money markets, futures arbitrage, calendar spreads) rather than fiat reserves. Reserve data is independently verifiable via Tori's transparency dashboard.
Quirks
This market has no special quirks
Risk involved
Vault risk: The underlying vault allocates its deposits across multiple DeFi strategies and is subject to performance of the strategies. There could potentially be negative yield if there are unprofitable strategies. Refer here for the underlying allocation for the vault.
(From Underlying Protocol)
Sources: Pendle V2 API (market data and notes). Nothing here is investment advice.