What we’ve accomplished
We started on Fantom just nine months ago and made it onto Ethereum mainnet in June.
Since then, we’ve made massive strides. Sturdy managed to become the largest tokenless lending protocol on Ethereum, sustaining a TVL of over $20 million since August and working alongside some of the most respected teams in DeFi.
How we got here
We achieved these feats by regularly communicating with the community, constantly integrating new collateral assets, and putting user experience and security above all else. Our regular audits (3 to date), bug bounty, and vigilance have made users feel secure while our consistent AMAs kept them informed.
We’ve tried to make Sturdy as intuitive and inviting as possible; our new UI features historic yield data, enhanced reserve visibility, and a one-click leverage feature. Our historic yield data and enhanced reserve visibility enable users to be fully informed when depositing funds, while the one-click leverage feature allows them to execute their decision with minimal gas costs and time commitment!
Through our efforts, Sturdy has managed to experience phenomenal growth and garner respect across DeFi, despite having only existed during some of the most tumultuous times of crypto history. We are proud of Sturdy’s progress over such a short period, and are so grateful to the community for their constant support; we wouldn’t be where we are today without them!
Where we’re going
But that was just the beginning. Satisfied that we had achieved product-market fit, given our sustained TVL and support from across DeFi, we recently announced an upcoming airdrop! The $STRDY token will be used in our governance process to help shape the future of Sturdy; the community will be able to decide further utility of the token.
The airdrop was distributed to yield farmers across DeFi, including the Yearn, Convex, Aura, and Degenscore communities, to ensure proper decentralization and encourage more DeFi users to check out Sturdy. We’re building a dApp for all of DeFi, so we want users from across the space involved!
It’s been a phenomenal year for Sturdy, and we can’t wait to see where the protocol goes in 2023!
