Overview

iTRY is an ERC-20 Turkish Lira pegged stablecoin backed by a tokenized basket of highly liquid Turkish money market funds.

iTRYs price stability is maintained through arbitrage between its primary and secondary markets. The primary market allows eligible, whitelisted participants to mint and redeem iTRY at a fixed price. When secondary-market prices diverge, arbitrage activity closes the gap across trading venues.

Users may stake iTRY to receive wiTRY, a yield-accruing token that represents a proportional claim on the ERC-4626 staking pool. wiTRY increases in value over time as the protocol deposits iTRY rewards into the staking contract. These rewards are sourced from the yield generated by the underlying money market funds backing iTRY.

iTRY and wiTRY are available on Ethereum and MegaETH. MegaETH serves as the exclusive chain for DeFi, while Ethereum is used as the settlement layer. Cross-chain functionality is powered by LayerZero, allowing iTRY to move between supported chains without fragmenting liquidity.

Staking is coming soon.