PRODUCT SUITE
Compute is a natively 24/7 traded commodity. We provide transparent reference data and verified transaction evidence while building the gated Mark infrastructure needed to price, trade, and underwrite GPU capacity at scale.
Legacy data providers lock their transaction data behind proprietary NDAs and walled gardens, leaving decentralized markets in the dark. Torus offers a complete, fully verifiable product suite built from the ground up for continuous trading and institutional risk management.
§ 01 · OVERVIEW
Each output measures one thing. Jump to the one you need.
§ 02 · HOW IT WORKS
Real-time asks and availability aggregated across global marketplaces: the fast, responsive leg of the index.
A trimmed, availability-weighted median across the market. Expensive to wash, hard to game.
Completed lease fills that settle on-chain: verifiable, permissionless, and free of NDAs.
Older trades smoothly lose weight while fresh execution data dictates the executed truth.
The gated Mark design clamps its fast microprice to a deterministic ladder anchored on the executed VWAP, limiting spoofing and flash-crash exposure.
The Mark design uses a public cost floor as a tripwire for an explicit open-interest freeze signal, never as a fake price clamp.
Every quote and fill is adjusted to a common H100 spec before it's averaged, so a stray off-spec listing can't drag the number around.
Every input is an independent venue that never settles against us: a perp DEX that marks to us, or an oracle network that distributes us, is never marked back into it.
Compute can't be stored or arbitraged, so the methodology specifies a published, capped funding curve to tether a future perp to the Mark.
§ 03 · FUNDING
Compute has no cash-and-carry arbitrage, so funding does all the work of tethering a perp to the Mark. The rate, its cap, and the TWAP window are published, versioned parameters: a first-class object you can query and subscribe to, not a black box.
The Live Spot Market
Track the true pulse of the compute market in real time. TC-H100-REF is our high-responsiveness reference composite. It blends live quote signals from global marketplaces with multi-provider list medians to give you an immediate view of spot availability.
"H100" isn't one product. Interconnect, fabric, whole-node vs. fractional, region, and commitment term all move the real price. Every quote and fill is hedonically adjusted to a common reference SKU before it enters the composite, so a stray off-spec listing can't drag the headline number around, and per-SKU sub-indices are published alongside it for anyone carrying a different basis.
Stop guessing on procurement. Instantly compare global rental options and optimize your infrastructure spend.
Gain continuous 24/7/365 visibility into global capacity pricing, unconstrained by TradFi market hours.
Real markets require absolute pricing truth. TC-H100-DLV is our executed truth layer, calculating an automated Volume Weighted Average Price (VWAP) based strictly on verified reality.
We aggregate on-chain-verified lease settlements from DePIN networks with our own first-party probe rentals (real GPU-hours we pay for directly to seed executed volume while the market is thin). Probes are flagged as first-party and excluded from every distinct-counterparty metric, so a risk committee can see exactly how much of the tether is organic versus seeded. By applying an exponential decay algorithm, older trades smoothly lose weight while fresh execution data dictates reality.
Secure your underwriting. It provides risk committees with a transparent, auditable baseline for asset valuation.
The Single Number for DeFi
A decentralized exchange requires one definitive number to safely trigger liquidations and settle perpetuals. Once its evidence and readiness gates are cleared, TC-H100-MARK is designed to fuse live market data with executed ground truth into a single, manipulation-resistant index price for continuous on-chain trading.
The Mark design computes a highly responsive microprice from independent live quotes and order books (venues that never settle against us) and clamps it to a deterministic ladder anchored on executed VWAP (DLV). The result is designed to react quickly without feeding a consumer venue back into the number used to price it.
Every input to the Mark comes from a venue that never settles against it. A perp DEX that marks to TC-H100-MARK is never fed back into it, closing the classic oracle-attack loop where moving a venue's price would move the number that liquidates positions on that same venue. The same rule covers distribution: the oracle networks that carry the number outward are outputs only, never inputs back into it.
The executed VWAP acts as the anchor. If the fast microprice deviates too far from execution reality, built-in clamp bands restrict the final index price, neutralizing spoofing attacks and flash crashes.
As a final line of defense, a public hardware cost floor acts as an active tripwire. If a downward attack forces the price below economic reality, the oracle triggers a flag to instantly freeze open interest, protecting your platform without faking the price.
GPU-hours can't be stored or delivered forward, so unlike BTC or equities there's no cash-and-carry trade to hold a perpetual to its index. Convergence is done entirely by a published, capped funding curve, pulling the traded contract back toward the Mark every interval, not by arbitrageurs.
Traditional commodities stop trading on Friday, forcing weekend perpetual markets to run on stale marks or synthetic estimates. Because our unified index feeds on decentralized infrastructure, it runs autonomously and continuously, every second of every day.
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Stop estimating capacity costs. Start indexing them.