Since its inception, Sturdy has fostered a symbiotic network within DeFi, enabling users to leverage various technologies across the space to their full potential.
Following crypto’s permissionless, composable ethos has enabled Sturdy to both integrate and be integrated into respected projects and bolster the DeFi ecosystem.
From integrating ib-tokens from liquidity pools of various platforms as collateral to being integrated into strategies by other protocols, Sturdy has established itself as a fledgling titan of composability.
To celebrate Sturdy’s commitment to the DeFi ecosystem, we’re highlighting our partnerships to inspire others and encourage future collaboration across DeFi!
Sturdy’s Collateral Assets
Sturdy accepts ib-tokens from various protocols across DeFi, enabling borrowers to lever up their yield farming to new heights and providing lenders with high, sustainable yields.
Curve & Convex
Sturdy is proud to have integrated such respected and battle-tested protocols as Curve and Convex! Curve is the #1 Dapp for low-slippage stablecoin swaps, providing low-risk LP opportunities to depositors.
Convex enables users to stake their LP tokens for increased rewards, while Sturdy offers the ability to lever up those rewards up to 10x through one-click recursive stablecoin borrowing.
Since users are borrowing stablecoin against a stablecoin-denominated LP, liquidations only occur in the event of a depegging event. Sturdy uses several Curve LP tokens as collateral and uses Convex staking with even more LP tokens from across DeFi!
Sturdy wouldn’t be where it is today without the ability to partner with such prominent partners as Curve and Convex. Check out all the LP tokens Sturdy enables you to lever up with Convex staking! (TUSD/FraxBP is currently providing 28% APY with leverage, while Curve stETH/ETH is putting out over 45% APY with leverage)
Balancer & Aura
Another timeless combo, Balancer’s deep liquidity pools are boosted by Aura staking, similar to the Curve boosting of Convex LPs. With over $1 billion in TVL, Balancer is a well-established project deeply entrenched within the greater DeFi ecosystem.
Balancer and Aura are dedicated to composability; their grant foundations provided a grant to cover the audit cost of Sturdy’s recent integration of wstETH/WETH LP and expedite the release.
Balancer and Aura helped Sturdy launch the new ETH market and open up the exciting opportunities leveraged liquid staking presents by providing grant funding for the audits and supplying the first whitelisted collateral. Their collaboration has enabled Sturdy to further innovate and continuously provide users with compelling positions. Lever up on Balancer’s wstETH/WETH LP with Aura staking for over 20% APY on Sturdy!
Frax
Frax is the first fractional stablecoin, meaning it incorporates aspects of both algorithmic and collateralized stablecoins. Rather than rely solely on an algorithmic pegging or require mass amounts of off-chain capital, Frax is a fully decentralized, ultra scalable stablecoin that meets the demands of just about every DeFi user.
Sturdy’s integrated several assets containing Frax, including Curve FRAX/3CRV, Curve FRAX/USDC and Curve TUSD/FRAXBP. The fractional stablecoin has become a DeFi mainstay, capable of maintaining its pegs during market volatility, making it a great asset to lever up with!
Synthetix
Synthetix is a decentralized liquidity provisioning protocol. Synthetic assets, and associated products, are collateralized by stakers via Synthetix Network Token, which, when locked in a staking contract enables the issuance of synthetic assets (like sUSD). Their pooled collateral model allows users to perform conversions between synths directly with the smart contract, avoiding the need for counterparties, solving the liquidity and slippage issues experienced by DEXs.
Sturdy integrated Curve’s sUSD LP given sUSD’s ability to maintain its peg and the high level of activity the token experiences with its prominence throughout DeFi. sUSD
TUSD
True USD is the first regulated stablecoin fully backed by the US dollar! TUSD brings certainty and transparency to an industry where such qualities can be lacking. Their proof of reserves with Chainlink enables users to make full use of their product without worrying about depegging. Available across several major chains, TUSD brings stable pricing and peace of mind to users across DeFi.
Sturdy is proud to integrate TUSD, the TUSD/FRAXBP is one of the highest performing collateral assets on Sturdy’s stablecoin market! Users can currently earn >20% APY with leverage on the pair, plus since it’s TUSD and FRAX, there should be 0 impermanent loss!
MIM
Magic Internet Money (MIM) is the latest addition to the Sturdy ecosystem! MIM is well known across DeFi; created and minted by the Abracadbra team, MIM has been featured in dApps throughout DeFi and tested more than tokens still in circulation.
The Sturdy DAO recently approved Convex MIM as the newest whitelisted collateral asset on Sturdy’s stablecoin market! Users are able to lever up to over 40% APY at current rates, making Convex MIM the highest-yielding collateral on Sturdy at the moment.
Lending Partners
Sturdy provides some of the best lending opportunities on DeFi thanks to its unique incorporation of ib-tokens as collateral. By getting a portion of leveraged yield farming profits, lenders on Sturdy can get a taste of yield farming without taking on the time, risk, and gas costs.
By incorporating only battle-tested tokens as borrowable assets, Sturdy allows yield farmers to lever up in peace without constantly worrying about depegging. Sturdy’s proud to offer lending of Circle/Centre’s USDC, Maker’s DAI, and Tether’s USDT. Whether you prefer algorithmic, fiat, or asset-backed stablecoins, Sturdy has you covered!
Lido
Lido, the top liquid staking platform by TVL, has been at the forefront of the Ethereum ecosystem since the switch to Proof-of-Stake. Lido enables users to deposit their ETH into validator nodes without the typically required 32ETH investment to run a node while maintaining liquidity. Their stETH has been all the rage for months, providing users with exposure to ETH as well as passive liquid staking rewards.
Lido was excited by Sturdy’s leveraged liquid staking market, which enables users to lever up on LSD LP tokens. So Lido committed to donating LDO tokens to incentivize lending to boost liquidity. Sturdy has provided double digit LDO incentives throughout March! This collaboration was great for both Sturdy and Sturdy users and sets an excellent example for future partnerships.
Sturdy Integrations
Sturdy’s unique mechanics and high-yield lending make it a great protocol for other protocols to integrate into their strategies! Composability is one of the great wonders of DeFi, so it’s always cause for celebration when Sturdy is integrated into other platforms, plus the extra liquidity is always nice.
Yearn Finance
Another heavy-hitter we’re honored to work beside, Yearn Finance has helped to establish DeFi through various avenues with its suite of products. Yearn vaults allow users to deposit their digital assets and let Yearn put them to work through multiple battle-tested strategies for healthy yields without long hours of research.
Yearn recently integrated Sturdy’s USDC lending into its USDC vault strategy. With over $36,000,000 deposited into the vault, this integration allows tons of users to experience Sturdy’s high-yield lending! Sturdy’s still growing as a platform but has battle-tested mechanics; Yearn incorporating Sturdy into its USDC vault strategy means more users benefit from Sturdy’s unique mechanics, and the increased liquidity enables more yield farmers to lever up!
Balancer/Aura
We’ve already expressed our love for the Balancer and Aura teams above, but they really do a ton to progress the space! Not only have their assets enabled Sturdy to grow and take on new collateral assets, now Sturdy has been integrated into their platform!
Balancer is releasing a Sturdy Boosted Pool with Sturdy USDC, Sturdy DAI, and Sturdy USDT! This new boosted pool will give users exposure to lending yields across Sturdy’s stablecoin market while providing liquidity from users outside of the Sturdy platform to enable greater borrowing and leveraged yield farming!
Security
Sturdy takes security very seriously, the platform has undergone several audits from three prominent auditors and has an active 6-figure bug bounty to keep the user funds secure.
Certik
Certik is one of the top audit firms in web3, having audited some of the top protocols in the space including, Aave, Polygon, and Tether. Certik’s audits test smart contracts and identify vulnerabilities so teams can adjust their code as necessary.
You can check out Certik’s audit of Sturdy from last year here:
https://skynet.certik.com/projects/sturdy
Quantstamp
Quantstamp is another leading audit firm who has worked with some of the most notable projects from across web3, including Opensea, Chainlink and even Visa. Quantstamp offers top-tier auditing to help teams keep their platforms secure by identifying potential vulnerabilities.
Quantstamp has audited Sturdy a couple times, here are the audits from December ’22 and February ‘23
December:
https://certificate.quantstamp.com/full/sturdy.pdf
February:
https://certificate.quantstamp.com/full/sturdy-aura-integration-and-leverage.pdf
Code4rena
Code4rena takes a unique approach to audits, they create competitions to enable auditors to compete against each other to find vulnerabilities in code. They’ve helped secure trusted, well respected platforms such as Trader Joe, ENS, and SushiSwap.
Code4Rena hosted an auditing competition of Sturdy that included 73 competitors combing through Sturdy’s code looking for vulnerabilities. You can find their findings here: https://code4rena.com/reports/2022-05-sturdy/#overview
Immunefi
Immunefi is the leading bug bounty program for web3. Bug bounties enable users the ability to help secure platforms and be compensated for their efforts. Immunefi helps protect over $60 billion in user funds through their bug bounties with projects like Synthetix, GMX, and Olympus.
Sturdy has a $100,000 bug bounty with Immunefi for continued security between audits; users can alert the team of vulnerabilities for a payout up to 100k., check out Sturdy’s ongoing bug bounty here: https://immunefi.com/bounty/sturdy/
Web3 Integrations
Sturdy loves working with projects across web3 to build a cohesive, composable future! Sturdy’s web3 partnerships enable users to personalize their web3 experience and stay up to date with the platform.
Unstoppable Domains
Unstoppable Domains enables users to personalize their wallet address with a human-readable domain name. This can make the process of using Sturdy feel more personalized and inviting to users.
Push Protocol
Push Protocol allows users to keep track of their favorite protocols, even when they’re AFK. Users can register their contact information with the service to receive price action, news, and other personalized alerts. On Sturdy, Push works to keep users abreast of liquidations and depegging events.
Portfolio Tracking
Keeping track of your use of different protocols across various chains can be a lot. Thankfully, there’s some high-quality portfolio tracking platforms that help simplify DeFi and display all your activity from a single source.
Debank
Debank offers real-time tracking of all your transactions so you’ll never forget about deposit and can easily track the growth of your holdings. They’ve also implemented a native messaging service to enable users to easily connect
Zapper
Zapper is the one-stop shop for everything web3! Their unique portfolio tracker helps you keep an eye on everything, from tokens in your wallet to your farming and lending positions, and even calculates the suggested value of your NFTs! Zapper enables users to have full control over their DeFi experience with their innovative UI with access to various dApps right on the platform!
Zerion
Zerion started as a portfolio focused on PnL, their intuitive dashboard makes it easy to track the performance of all your assets without any sort of digging. Now they’re leveraging their technology and connections across web3 to create a smart, social web3 wallet that enables users to seamlessly manage their NFT and DeFi portfolios across 10+ networks, all from a mobile device!
Wallets
Sturdy is constantly working to integrate more trusted wallets to enable more DeFi users to experience leveraged yield farming. Sturdy works to ensure any user can access the platform, regardless of the wallet they may be using. Sturdy’s proud to have integrated Trust Wallet, Coinbase Wallet, Metamask, and Walletconnect.
Thank you, Partners!
Sturdy is proud to work with such well-established projects from across the web3 space! This collaboration deepens the DeFi ethos of composability while making our platform more accessible to users. This is just the beginning of the Sturdy ecosystem; as the platform continues to grow and prosper, so shall the ecosystem.
Now go ahead and take advantage of the lovely ecosystem we’ve created and get leveraging!
