Sturdy has managed to revolutionize stablecoin lending. We’ve consistently delivered higher yields on stablecoins than other lending protocols while providing high leverage to DeFi’s best yield farmers.
Sturdy operates as a decentralized yield farming fund, where lenders provide liquidity to be borrowed by yield farmers as they take on leverage. This creates a positive-sum system where lenders get a portion of leveraged farming profits without taking on the risk or time commitment required for yield-farming, while borrowers get leverage for their farming without regular interest rates.
This model has proven effective; Sturdy has accumulated over $20 million in TVL, gained the trust of various top DeFi protocols, and is currently the largest tokenless lending protocol on Ethereum. We’ve had users of various experience levels, from less experienced liquidity providers to seasoned yield farmers, generate profits on Sturdy.
We want to expand our model beyond stablecoins. As part of Sturdy 1.0, we’ll be releasing an ETH market! By expanding into the ETH market, Sturdy will be able to integrate even more protocols for our borrowers to farm.
The market will function very similarly as our current model, but borrowers will deposit Liquid Staking Derivatives (LSDs), such as wstETH, sfrxETH, and their respective LP tokens as collateral. Instead of borrowing stablecoins, borrowers will take out ETH against their LSDs; just like in our stablecoin market, liquidation only occurs during a depegging event.
After the phenomenal growth and support we’ve experienced on our stablecoin market, we’re incredibly excited to extend our unique mechanics into the ETH market! By expanding our market selection, we’re providing users with a greater selection of yield opportunities and promoting future protocol growth.
Plenty of integrations are coming in the future, so be sure to keep an eye on our Twitter and Medium profiles!
About Sturdy
Sturdy is a decentralized yield farming fund, enabling 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.
