Welcome back to the latest episode of Sturdy’s Monthly Highlight! August was an exciting month for Sturdy; we achieved increasing borrowing adoptions despite the volatile market conditions. As the long-anticipated Ethereum merge approaches, it’s necessary to break down the progress and share a product update.
Optimized one-click leverage feature
As shared by Sam, Sturdy’s one-click leverage feature is a competitive tool to gain leverage free of hassle. The developer team has been focused on improving the user experience by significantly reducing gas costs and adding de-leverage features. You can easily manage the Curve LP token position based on your risk preference.
This innovative yield strategy has received lots of traction in the DeFi degen space and also brings in more big borrowers to offer appealing yields for lenders.
Coinbase wallet integration
Coinbase wallet, the leading decentralized wallet in web3, is now a part of the Sturdy ecosystem. Users can seamlessly connect their Coinbase wallet to enjoy the high yields lending & low-interest loans on Sturdy. We are actively adding more web3 infrastructure and wallet integrations. Stay tuned!
ENS integration
We’re excited to share that ENS integration is live on Sturdy! Connect your wallet to display your unique Web3 name when navigating on Sturdy. Explore now!
Yield strategies contest
The Sturdy community consists of knowledgeable DeFi degens who have produced a variety of innovative and highly effective yield strategies which showcase the possibilities Sturdy unlocks. The submissions include diverse strategies that integrate with blue-ships protocols and span risk profiles from high to low risk.
The winners are listed below:
- @AppolosEkene presents a variety of strategies tailored to different risk appetites, from leveraged farming on Sturdy to altcoin opportunities on DEXes using Uniswap, Curve, Sushiswap, Notional Finance, and more!
- @ThePazZ3 uses risk diversification to gain multiple yields with blue-chips DeFi protocols like Ribbon Finance.
- @GenkaiShogun highlights two profitable bear market yield strategies and clearly explains each step in detail.
Sturdy’s community is growing!
Despite a bear market, Sturdy has gained increasing brand awareness and has been featured by some solid researchers and DeFi analysts in the crypto space. We’d love to take this opportunity to shout out to these contributors and their in-depth threads/outputs as below:
Recommended reads:
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 Ethereum Mainnet and Fantom Opera.
To learn more, you can connect with us on Twitter, Discord, and Medium.
