Sturdy Launches on Testnet

About the Sturdy Protocol

Example

  • Alice deposits 100 USDC to the protocol
  • Bob provides .05 ETH as collateral and takes out the 100 USDC Alice has deposited as a loan
  • Over time, Bob’s debt remains constant and Alice’s balance grows
  • When Bob provides his ETH as collateral, Sturdy stakes it via Lido, converting it to .05 stETH (a yield-bearing version of ETH)
  • Thanks to Lido’s mechanics, stETH rebases to a new balance of .06 over time
  • Sturdy swaps the yield of .01 stETH to 40 USDC and increases Alice’s balance to 140 USDC

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The first DeFi protocol for interest-free borrowing and high yield lending.

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Sturdy

Sturdy

The first DeFi protocol for interest-free borrowing and high yield lending.

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