Sturdy has been moving at breakneck speed for the past month. It’s been an extremely exciting time, so let’s take a look back to ensure you didn’t miss anything. From launching V2, integrating some of the top projects in DeFi, and enabling transferability of the native governance token, $STRDY, we have a lot to cover.
Sturdy V2 launch
Just over a month ago, Sturdy V2 went live! The newest iteration of Sturdy operates as a modular lending protocol with a novel two-tier architecture aimed at solving the common pitfalls of previous lending protocols. Sturdy’s base layer consists of siloed lending pairs, isolating risk and enhancing user risk management. Siloed lending isn’t new, but it typically results in liquidity fragmentation. Sturdy’s native aggregation layer fixes this by unifying liquidity between siloes.
Sturdy aggregators use zkML to autonomously shuffle funds between whitelisted siloes to provide optimal yields for users without exposing them to collateral assets on the platform outside of the given aggregator.
Currently, lenders are earning anywhere from 27–39% lending assets such as crvUSD, WETH, and pxETH, while borrowers are levering up to 340% on LPs and LSDs from projects such as Curve, Swell, Redacted, and Sommelier.
Mode Network
Sturdy isn’t stopping at mainnet; with the recent passing of SIP-015, Sturdy will soon be deployed onto the Mode Network!
Not only will this be the first L2 Sturdy has been deployed on, but it will also enable users to earn up to 10x EigenLayer points and up to 20x Renzo ezPoints. There’s been a ton of buzz around the upcoming EigenLayer airdrop, and this deployment helps you maximize your points to increase your airdrop allocation.
Sturdy’s expansion to the Mode network will feature three silos; WETH-USDC, USDC-WETH, and WETH-ezETH; complemented by a single aggregator with ezETH as collateral against the WETH from the silos. More silos/aggregators may be added in the future per governance decisions.
STRDY transferability
Governance recently approved SIP-013 and SIP-014 to enable the transferability of the native governance token, $STRDY. The protocol saw a $2 million jump in TVL over 36 hours since the transferability went live.
Want to contribute to future proposals? Simply head over to gov.sturdy.finance and join the discussion!
Sturdy is built on the premise of interoperability and wouldn’t be the robust protocol it is without integrating prominent projects. The backend of Sturdy’s aggregators is derived from Yearn’s yield optimizers, and all of the assets featured on Sturdy for lending/borrowing come from projects such as Curve, Swell, Redacted & Sommelier.
But this is just the beginning of V2; Sturdy is designed to enable users to take advantage of prevailing narratives. Siloed lending pairs can be permissionlessly added so users can pursue the opportunities without being stymied by governance processes. Plus, contributors are always reaching out to relevant projects for potential partnerships to make it even easier for users to stay current with market narratives.
What’s next for Sturdy?
More integrations, more deployments.
Sturdy governance is exploring the possibility of providing even more exposure to LRTs by integrating an Ether.Fi aggregator with silos featuring weETH and Pendle weETH. The integration would enable users to 10x their LRT yields with leverage to help users extract greater benefits from one of the strongest current narratives.
There are plenty of potential integrations and deployments, but as a decentralized protocol, Sturdy relies on governance to decide the protocol’s future. So voice your opinion and help contribute at Gov.Sturdy.Finance
