# Toros Finance

> Toros Finance is a DeFi protocol offering automated, tokenized strategies as single ERC-20 tokens: leveraged tokens with built-in protections, 1x synthetic tokens, options strategies, yield vaults, and tokenized index baskets. Each strategy rebalances automatically on-chain, so users get leveraged, synthetic, or yield-bearing exposure without margin accounts or manual position management.

Toros is built on Chamber's audited vault/pool smart-contract infrastructure and is live on multiple EVM chains. Holders deposit or withdraw any time by trading one token, and can use it across compatible wallets and DeFi protocols.

## Key facts

- No forced liquidations: leveraged tokens automatically rebalance to reduce effective leverage as prices move, instead of being liquidated. Toros reports no forced liquidation events in over 4 years of operation.
- Automated rebalancing: positions are continuously managed on-chain to maintain target exposure.
- Built-in protections: Protected Leveraged Tokens use options so the token does not liquidate and keeps constant leverage with defined downside.
- Supported chains: Arbitrum, Ethereum, and HyperEVM (product availability varies by chain).
- Audited: multiple independent security audits (including Sherlock) plus an Immunefi bug bounty.
- Single-token simplicity: one ERC-20 per strategy; deposit and withdraw any time, no account or sign-up.
- Built on Chamber: audited vault/pool infrastructure powering the Chamber ecosystem.

## Products

- [Leveraged Tokens](https://docs.toros.finance/leveraged-tokens/overview): 1x–4x long (Bull) and short (Bear) tokens on BTC, ETH, SOL and more, with automated rebalancing. Available as money market-based (Aave lending loops) and perpetuals-based (GMX / Hyperliquid) variants.
- [Protected Leveraged Tokens](https://docs.toros.finance/leveraged-tokens/protected-leveraged-tokens): leveraged tokens with options-based downside protection that do not liquidate and keep constant leverage with a defined floor.
- [1x Tokens](https://docs.toros.finance/products/1x-tokens): synthetic spot exposure to assets that are hard to access natively on Arbitrum, without bridging or a centralized exchange.
- [Covered Call](https://docs.toros.finance/options-strategies/covered-call): recurring income on Bitcoin from covered-call option premiums, powered by Toros Perpetual Options.
- [Short Volatility](https://docs.toros.finance/options-strategies/short-volatility): market-neutral, range-bound strategy that profits when BTC trades sideways.
- [Index Strategies](https://toros.finance/explore): tokenized thematic equity baskets (e.g. CHIP, QNTM, PEPT, NEO) built on Ondo Global Markets.

## Documentation

- [Toros Docs](https://docs.toros.finance): full product documentation and guides.
- [Products Overview](https://docs.toros.finance/products/overview): summary of every Toros product type.
- [Leveraged Tokens Overview](https://docs.toros.finance/leveraged-tokens/overview): how leveraged tokens and rebalancing work.
- [FAQ](https://docs.toros.finance/resources/faq): common questions on risk, fees, chains, buying and selling.
- [Security & Audits](https://docs.toros.finance/resources/security): audits, security model, and risk disclosures.
- [Glossary](https://docs.toros.finance/resources/glossary): key terms.

## FAQ

- Can I get liquidated holding a leveraged token? Automated rebalancing reduces effective leverage as prices fall, minimizing liquidation risk; Toros reports no forced liquidations in 4+ years. Protected Leveraged Tokens cannot be liquidated.
- What is volatility decay? In sideways or choppy markets, rebalancing can lock in compounding losses, so leveraged tokens are designed for short-to-medium-term directional positions, not passive long-term holding.
- Which chains are supported? Arbitrum, Ethereum, and HyperEVM (product availability varies by chain).
- What do I need to use Toros? A Web3 wallet with funds on a supported chain — no account or sign-up.
- How do I buy or sell a Toros token? Connect a wallet and select a token, then deposit a supported asset (zero slippage) or swap in via a DEX. To exit, withdraw the underlying assets or swap back.
- What fees are there? Trading fees vary by product type and leverage tier; perpetuals- and options-based products may also incur funding costs.
- Is Toros audited? Yes — multiple independent audits (including Sherlock) plus an Immunefi bug bounty with rewards up to $50,000.

## Community

- [X / Twitter](https://x.com/torosfinance)
- [Discord](https://discord.gg/4yAXmzdMDx)
- [Dune Analytics](https://dune.com/dhedge/toros): on-chain stats and dashboards.

## Optional

- [App](https://toros.finance): the Toros web app.
- [Brand Kit](https://docs.toros.finance/resources/brand-kit): logos and brand assets.