> For the complete documentation index, see [llms.txt](https://doc.torch.finance/telegram-usd/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.torch.finance/telegram-usd/how-tgusd-works/use-cases/defi.md).

# DeFi

**tgUSD and stgUSD unlock a wide range of use cases within the TON DeFi ecosystem, enhancing capital efficiency and driving TVL growth in a virtuous cycle.**

This section outlines five core DeFi strategies enabled by tgUSD and stgUSD:

* [Yield Tokenization](/telegram-usd/how-tgusd-works/use-cases/defi/yield-tokenization.md)
* [Lending](/telegram-usd/how-tgusd-works/use-cases/defi/lending.md)
* [DEX](/telegram-usd/how-tgusd-works/use-cases/defi/dex.md)
* [Leveraged Yield Farming](/telegram-usd/how-tgusd-works/use-cases/defi/leverage-yield-farming.md)
* [Arbitrage](/telegram-usd/how-tgusd-works/use-cases/defi/arbitrage.md)

For each strategy, we detail how it works within the TON ecosystem and highlight the associated risks and design considerations.