In partnership with Beethoven X, we are excited to announce that Sturdy now supports fBEETS as collateral! Users can deposit fBEETS to borrow USDC, Dai, and USDT at no interest or fees.
Integrating Beethoven X & Yearn
Beethoven X is the first next generation AMM protocol on Fantom Opera. It leverages best in breed DeFi protocols to offer novel decentralized investment strategies.
When borrowers provide fBEETS as collateral, Sturdy automatically stakes it in Yearn. Over time, the fBEETS earns yield through Yearn’s farming strategies. Sturdy harvests the yield, swaps it to stablecoins, and distributes it to stablecoin lenders. Borrowers can repay their loan and reclaim their collateral at any time; loans have no interest or fees.
We will continue to add more collateral assets and widen the borrowing power on Sturdy. Join our Discord to chat and let us know which tokens you’d like to see next.
About Sturdy
Sturdy is a first of its kind DeFi protocol for interest-free borrowing and high-yield lending. Rather than charging borrowers interest, Sturdy stakes their collateral and passes the yield to lenders. This model changes the relationship between borrowers and lenders to make Sturdy the first positive-sum lending protocol. Sturdy is live on Fantom Opera now.
To learn more, you can connect with us on Twitter, Discord, and Medium.
