Foresight News reported that on-chain yield protocol Tori Finance has launched strUSD, a yield token backed by an institutional-grade delta-neutral strategy. According to Foresight News, strUSD and trUSD are now live on Pendle, Morpho, Royco, Curve, and other platforms.

The protocol also said its $50 million cap has been removed, the pre-deposit phase has ended, and the pre-deposit vault has become an ecosystem vault.