Welcome back to the Sturdy Monthly Highlight for October! This month we made a massive announcement regarding Sturdy 1.0 — the upcoming milestone that will take the protocol to the next level.
Our community is growing! This month Sturdy has achieved record organic growth on Twitter with over 15K followers, and protocol traffic acquired via social media increased by 20%. We appreciate the features and breakdowns of Sturdy by DeFi researchers and content creators.
Best Risk Reward on Exponential
We’re proud to announce the Sturdy USDC pool has been featured as Exponential’s top pick for Best Risk Reward. Check out the Exponential chart if you‘re looking for the historical APY over months. Kudos to Exponential for the review!
Partnership with TUSD
Sturdy is always looking to expand our accepted collateral, and we’re proud to announce we’re integrating TUSD, the first regulated stablecoin fully backed by the US dollar. The partnership comes with a new collateral, TUSDFRAXBP. Now, users can farm Convex with leverage to earn up to 19% APY! With more than $5M in total deposits, TUSDFRAXBP has emerged as the most popular Curve LP token on Sturdy.
If you’re looking for any guidance on how to leverage it, feel free to check the tutorial made by TUSD community.
Introducing Sturdy 1.0
We have been preparing and anticipating Sturdy 1.0 internally for a long time; it’s finally time to share the news.
Here’s a glimpse at what users can look forward to: we’re updating the relationship between borrowers and lenders on Sturdy, completely revamping the UI, adding even more new assets, and releasing our third audit from Quanstamp.
Adding new assets — $ETH with Aura
ETH markets are the most requested lending asset besides stablecoins, so we’re bringing an ETH market to Sturdy! By utilizing Balancer and Aura, Sturdy will soon offer 30%+ net APY on ETH, with liquidations only occurring if stETH depegs by over 10%.
Last but not least, we want to thank and shout out all the excellent contributors from the community. We strongly recommend you check out their content!
Stephen made a great explainer on how to access Sturdy’s stable yields and get the most out of the one-click leverage feature on Curve lp token:
Kyle provided a great breakdown of Sturdy’s mechanics in his in-depth twitter thread
Thor shared a summary of the Sturdy model and various use cases in his Twitter thread and Youtube video.
Sturdy was cited in Patrick’s checklist.
@admen_vc_2 gave an overall review of Sturdy in Japanese.
Yield Farming Lab wrote an article about Sturdy and its tutorial in Japanese.
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.
