Toros Launches
Toros Finance is a decentralized finance (DeFi) product that integrates dHEDGE, Aave and 1inch under the hood to offer a suite of on-chain tokenized derivatives products. Currently Toros is deployed on Polygon and is under development to deploy on Optimism.
Toros offers the ability to:
- gain leveraged exposure with a single token,
- access impermanent loss-protected yield farming,
- take advantage of automated basis trading strategies, and
- utilize additional structured products
At launch, Toros enables leveraged tokens, with future features to be released as they’re developed.
Leveraged Tokens
Initially, Toros is launching with 4 leveraged tokens:
- ETHBULL and BTCBULL: at target leverage ratio of 3, and
- ETHBEAR and BTCBEAR: at target leverage ratio of 2
Toros leveraged tokens are best used for short term directional upside. Single direction movements can exceed returns compared to typical perp leverage products. This is because Toros increases leverage as its price increases, to maintain the leverage range.
Toros uses dHEDGE, AAVE and 1inch contracts to manage debt leverage positions. This allows for an auto-balancing system to manage and maintain the capital to stay within range of the initial parameters.
Trading Benefits
dHEDGE Manager usage
Toros has been built natively integrated with the dHEDGE SDK, enabling dHEDGE managers to have one-click access to new leverage tokens within their funds.
At launch the integration is pending governance support, once this vote is passed the Toros tokens will be enabled for managers to use.
SOURCE:
Toros
