Sturdy’s leveraged liquid staking market continues to expand! Users can now lever Balancer wstETH/ETH LPs up to 45% APY! 🤯
Sturdy is the first positive-sum DeFi lending protocol, providing low-interest loans and high-yield lending. You can think of Sturdy as a decentralized yield farming fund, allowing anyone to lever up their LP positions to maximize their earnings or provide liquidity for a taste of yield farming profits without the typically associated risk or research. Rather than charge borrowers interest, Sturdy stakes their collateral and passes the yield to lenders. Sturdy launched on Ethereum mainnet in early June and has been steadily growing both in TVL and partnerships.
We’re thrilled to announce we are once again expanding our accepted collateral by integrating Balancer’s wstETH/WETH LP with Aura staking! Sturdy is currently growing our new leveraged liquid staking market to enable DeFis best yield farmers to lever up on some of the top projects beyond stablecoins.
Sturdy users will now be able to deposit Balancer’s wstETH LP token as collateral. Users can deposit their LP tokens to earn the full stETH staking yield and BAL rewards. Users can lever up and earn over 45% APY thanks to Sturdy’s new leveraged liquid staking market.
Leverage always contains risk; however, in this case, the collateral asset is pegged to the value of the borrowed assets. As a result, liquidations will only occur in the event of a major depegging event. For example, a maximally leveraged position would be liquidated by a ~10% depegging of wstETH from WETH. Thankfully a ~10% depeg is pretty unlikely under current conditions. Balancer uses Lido’s wstETH, the largest LSD by market cap by a longshot with deep liquidity on various protocols. The upcoming Shanghai upgrade will further reduce the likelihood of a depegging as users will be able to simply withdraw their staked eth instead of swapping it. While we partner with trusted, battle-tested protocols to mitigate such risks, users should always be aware of their risk level.
Head over to Sturdy.Finance to check out our new leveraged liquid staking market and lever up your wstETH+WETH! Our new leveraged liquid staking market lets you ride the LSD wave for all its worth!
About Sturdy
Sturdy is a lending protocol that enables borrowers to farm with up to 10x leverage on projects like Convex. Lenders receive a portion of the yield from borrowers’ farming for providing liquidity. Sturdy’s unique system provides lenders with the benefits of yield farming without the associated time, risk, or gas costs while allowing borrowers to gain outsized positions for yield farming, creating a positive sum dynamic between the two groups.
About Balancer
Balancer’s mission is to accelerate innovation in DeFi by providing access to secure infrastructure for liquidity applications. As a core building block of DeFi, Balancer Protocol is community-driven, reliable, open-source, and permissionless. Build on Balancer to create new, innovative types of pools and financial dApps.
About Aura
Aura Finance is a protocol committed to boosting DeFi stakeholders’ yield potential and governance power, starting with Balancer. Aura provides maximum incentives to Balancer liquidity providers and BAL stakers (into veBAL) through social aggregation of BAL deposits and Aura’s native token.
