what a donut planet would be like.

Can toroid planets exist? It is not obvious that a toroid planet is stable.
For all practical purposes planets are liquid blobs with no surface tension: the strength of rock is nothing compared to the weight of a planet. Their surfaces will be equipotential surfaces of gravity plus centrifugal potential. If they were not, there would be some spots that could reduce their energy by flowing to a lower potential. Another obvious fact is that there exists an upper rotation rate beyond which the planet falls apart: the centrifugal force at the equator becomes larger than gravity and material starts to flow into space.

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