Sturdy kept chugging along through the end of summer! Last month, the protocol saw the subnet assume control over one of the largest aggregators, the onboarding of a new aggregator, the addition of new collateral, integration onto Superform, and Sturdy’s dedicated Bittensor subnet became even more transparent with the newly updated dashboard.
crvUSD Aggregator Integrates Sturdy’s Subnet
The protocol continued to embrace the intersection of DeFi and AI by passing control of allocations within the Curve aggregator over to the Sturdy Bittensor subnet. The dedicated subnet enables miners to compete to propose algorithms dictating the allocation lent crvUSD between whitelisted silos featuring Curve assets, including various stablecoin LPs. This means that lenders get optimized yields and borrowers get sufficient liquidity across various siloes, without the need for manual reshuffling.
Integration with Superform
Sturdy was integrated onto Superform, adding a new stream of deposits to Sturdy aggregators. Superform makes it easy for users to manage their positions across chains between an extensive list of protocols. This is exciting for everyone, whether you’re just now finding Sturdy on Superform or a borrower looking for more liquidity on Sturdy. Deposit to Sturdy via Superform for enhanced rewards in the form of Superform XP today!
Expanded Dinero integration: apxETH
Sturdy’s largest aggregator continues to grow! apxETH has been onboarded as the newest whitelisted silo within the Dinero Aggregator. As the yield baseplate for Ethereum, Dinero offers scaled yield for protocols and users. apxETH is the auto-rebasing form of Diner’s pxETH, aimed at maximizing yield. Lenders benefit from increased demand for their deposited pxETH (currently yielding ~15%), while borrowers get even more options for leveraging one of the newest and most exciting LRT plays.
Usual integration
Usual has launched an aggregator and complementary silo to Sturdy! The aggregator enables lenders to deposit USD0 to be borrowed against USD0++ collateral. USD0, Usual Labs’ new decentralized, fiat-backed stablecoin, aims to bridge the liquidity gap between real-world assets (RWA) and DeFi USD0++ is an enhanced and boosted T-bill, secured by a principal locked in USD0, ensuring principal recovery. Users can now lend USD0 or deposit USD0++ as collateral to take advantage of Usual’s Pill program leading up to their TGE.
Subnet dashboard upgrade
Sturdy’s dedicated Bittensor subnet just got even more transparent! Sturdy’s subnet introduces AI to DeFi in a transparent, decentralized manner. By creating incentivized competition between miners to propose optimal algorithms to control allocations within aggregators, Sturdy unburdens users from having to manually reshuffle funds for optimal yield while avoiding centralized control. The subnet dashboard provides an inside glimpse into the workings of the subnet. The updated dashboard makes it even easier to track just how the subnet functions and enables users to track the allocation of millions of dollars on-chain!
Next Month
Sturdy’s maintaining this summer’s momentum. Plenty of exciting updates are in the pipeline, such as the release of veSTRDY! Earlier in the summer, governance approved SIP-026, which will add new functionality to Sturdy’s native token, STRDY. Soon, users will be able to lock their Sturdy for up to a year in exchange for veSTRDY, which unlocks yield multipliers and greater governance powers! Plus, of course, more integrations.
Be sure to follow on Twitter and join the Discord to stay current on all the upcoming integrations and deployments!
