Welcome back to Sturdy’s monthly highlight! The market’s been up, the $STRDY token is on its way, and we just opened our leveraged liquid staking market; January’s been a great month for Sturdy!
LSDs have been all the rage over the past month as more users take advantage of their liquid passive yields and more projects announce plans to launch their own liquid staking derivative. Sturdy’s been using interest-bearing collateral like LSDs and their LPs since our inception, so we’re primed to ride the LSD wave with the opening of our new leveraged liquid staking market.
There was tons of exciting stuff happening at Sturdy this month; let’s dive in!
Sturdy’s Leveraged Liquid Staking Market is Open!
We’re so proud to announce the opening of our leveraged liquid staking market!
The new market enables users to lever their LSD yields up to >50% by using LSD LPs as collateral while providing high yield to ETH lenders (currently 9.1%).
LSDs have been the primary narrative thus far in 2023, and our new market is here to help you make the most out of it! While LSD yields are expected to drop post-shanghai when beacon chain withdrawals go live, we expect LSD LP tokens to maintain healthy yields.
We’re currently whitelisting more LSD LP tokens as collateral; let us know what projects you want us to work with!
Check it out at Sturdy.Finance!
Interviews
Sturdy’s founder, Sam, has been busy getting the message out about Sturdy!
It’s important founders explain their vision and help break down the mechanics behind their protocols. Sam had some great conversations with Mark Jeffrey of Hash Rate and Blocmates’ Jedi and Grant, going over Sturdy’s progress and plans for the future!
Be sure to check out the in-depth interviews with Blocmates and Hash Rate.
Hash Rate — Ep 025 — Sam Forman of Sturdy Finance
Sturdy Finance | Leveraged Yield in the Curve Finance Ecosystem | Leveraged LSD Yield Products 👀
Blocmates Guide
Shout out to the Blocmates team for creating an awesome step-by-step guide for levering up on Sturdy! The guide provides a great breakdown of Sturdy’s mechanics and demonstrates some of the major uses; it’s a great read for newcomers and Sturdy fans alike.
Blocmates provides a crucial service by breaking down and explaining how various protocols work and the best ways to use them. We’re big fans of keeping users informed and always encourage them to research where their yields come from!
Balancer Grant
This month, Sturdy was awarded a grant from the Aura and Balancer teams to build strategies with up to 10x leverage on top of Aura.
We’re honored to accept the grant and excited to lever up yields on BLP tokens!
Looks like some new collateral assets could be getting whitelisted soon 👀
Check out our discord and Twitter to stay up to date!
Token Incoming!
Our anti-Syibl contest is drawing to a close! We want to sincerely thank everyone for their submissions and taking the time to keep $STRDY in the hands of real users. Our anti-Sybal competition allowed users to report sybil addresses for 25% of the addresses’ $STRDY airdrop. The competition was a huge success and will help keep $STRDY in the hands of those interested in bettering Sturdy. Plus, it means we’re one step closer to making the airdrop go live, stay tuned for more details!
That’s it for this month!
Stay up to date throughout February on Discord and Twitter as our leveraged liquid staking market continues to grow and we release the $STRDY token aidrop!
February is going to be a big month for Sturdy and we’d love to have you along for the ride!
