# Torch Finance

> Liquid Stables Hub on TON

Torch Finance operates a liquid stables hub on TON, offering stablecoin swaps and yield-generating assets for Telegram users.

Torch Finance provides decentralized financial infrastructure on the TON blockchain, featuring a StableSwap protocol for efficient trading of stablecoins and liquid staking tokens, alongside cross-chain yield aggregation through tgUSD. The platform enables users to access multi-chain DeFi yields through USDT-backed stablecoin products integrated within the Telegram ecosystem.

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2025-05-01
- Profile: https://thegrid.id/profiles/torch_finance

## Products

- [Torch DEX](https://thegrid.id/profiles/torch_finance): Torch DEX facilitates efficient stablecoin and liquid staking token exchanges through StableSwap algorithm implementation on TON blockchain. The protocol operates via factory-vault-pool architecture supporting modular Constant Function Market Maker algorithms, enabling low-slippage trades for stable assets and yield-bearing tokens through atomic cross-pool operations. (Decentralised Exchange, Live, Main Product)
- [tgUSD Staking](https://thegrid.id/profiles/torch_finance): A liquid staking protocol on TON that enables users to stake tgUSD stablecoins to receive stgUSD, an appreciation token that accrues yield through cross-chain DeFi strategies while maintaining liquidity and supporting DeFi integrations. (Liquid Staking, Live)

## Assets

- [Telegram USD (tgUSD)](https://thegrid.id/profiles/torch_finance): tgUSD is a USD-pegged stablecoin issued by Torch Finance and backed by USDT. It is used to mint at a 1:1 ratio and can be staked to earn yield aggregated from DeFi protocols across Ethereum, Solana, Aptos, and other blockchains. Deposited collateral is bridged to external blockchains to generate yield through lending and liquidity strategies, or deployed directly into TON-based opportunities when available. (Stablecoin)
- [Staked Telegram USD (stgUSD)](https://thegrid.id/profiles/torch_finance): stgUSD is a liquid staking token representing staked tgUSD on Torch Finance. It is minted when users stake tgUSD, with the conversion rate determining the amount received, and can be traded on TON DEXs while accruing yield. The token appreciates in value through a seven-day linear vesting period as rewards from cross-chain DeFi strategies accrue, allowing holders to maintain liquidity while their underlying stablecoin generates returns across multiple blockchains. (Liquid Staking Tokens (LSTs))

## Links

- [Main](https://torch.finance)
- [Documentation](https://doc.torch.finance)
- [Terms of Service](https://doc.torch.finance/dex/terms-of-use)
- [Media Kit/branding](https://doc.torch.finance/dex/other/brand-kit)
- [Privacy policy](https://doc.torch.finance/telegram-usd/legal/privacy-policy)
- [Twitter / X](https://x.com/TorchTon)
- [Telegram](https://t.me/torch_ton)
- [GitHub](https://github.com/torch-core)

## Legal

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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP