Sturdy V1(STRDY)Deprecated protocol
Key Metrics
Total Raised$3.9m
Mar 17, 2022$3.9mRound: Seed and StrategicInvestors: Pantera Capital, Y Combinator, SoftBank, KuCoin Ventures, OneBlock Capital, Dialectic, OrangeDAO
Protocol Information
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.
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubHacks
Date: Jun 12, 2023
Amount: $775,000
Classification: Reentrancy
Technique: Read-Only Reentrancy
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Sturdy V1 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 23, 2022 to Jun 11, 2025.
All-time high TVL: $28.23m on Aug 12, 2022. All-time low TVL: $39,255 on Apr 9, 2025.
Daily TVL, Apr 30, 2025 to Jun 11, 2025
| Date | TVL |
|---|---|
| Apr 30, 2025 | $76,954 |
| May 1, 2025 | $76,949 |
| May 2, 2025 | $76,961 |
| May 3, 2025 | $76,954 |
| May 4, 2025 | $76,956 |
| May 5, 2025 | $76,952 |
| May 6, 2025 | $76,951 |
| May 7, 2025 | $76,936 |
| May 8, 2025 | $76,943 |
| May 9, 2025 | $76,988 |
| May 10, 2025 | $76,992 |
| May 11, 2025 | $77,036 |
| May 12, 2025 | $76,916 |
| May 13, 2025 | $76,898 |
| May 14, 2025 | $76,943 |
| May 15, 2025 | $76,929 |
| May 16, 2025 | $76,908 |
| May 17, 2025 | $76,902 |
| May 18, 2025 | $76,899 |
| May 19, 2025 | $76,896 |
| May 20, 2025 | $76,914 |
| May 21, 2025 | $76,905 |
| May 22, 2025 | $76,914 |
| May 23, 2025 | $76,927 |
| May 24, 2025 | $76,901 |
| May 25, 2025 | $76,869 |
| Jun 6, 2025 | $76,641 |
| Jun 7, 2025 | $76,651 |
| Jun 8, 2025 | $76,648 |
| Jun 11, 2025 | $76,697 |
TVL at each month end, Jul 2023 to Jun 2025
| Date | TVL |
|---|---|
| Jul 31, 2023 | $2.96m |
| Aug 31, 2023 | $1.76m |
| Sep 30, 2023 | $1.39m |
| Oct 31, 2023 | $1.34m |
| Nov 30, 2023 | $1.1m |
| Dec 31, 2023 | $1.11m |
| Jan 31, 2024 | $857,487 |
| Feb 29, 2024 | $955,622 |
| Mar 31, 2024 | $836,204 |
| Apr 30, 2024 | $51,104 |
| May 31, 2024 | $88,845 |
| Jun 30, 2024 | $79,304 |
| Jul 31, 2024 | $63,877 |
| Aug 31, 2024 | $61,843 |
| Sep 30, 2024 | $70,014 |
| Oct 31, 2024 | $90,879 |
| Nov 30, 2024 | $150,420 |
| Dec 31, 2024 | $44,699 |
| Jan 31, 2025 | $44,468 |
| Feb 28, 2025 | $39,459 |
| Mar 31, 2025 | $39,348 |
| Apr 30, 2025 | $76,954 |
| May 25, 2025 | $76,869 |
| Jun 11, 2025 (latest) | $76,697 |
TVL at each year end, Dec 31, 2022 to Dec 31, 2024
| Date | TVL |
|---|---|
| Dec 31, 2022 | $16.54m |
| Dec 31, 2023 | $1.11m |
| Dec 31, 2024 | $44,699 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/sturdy-v1
Frequently asked questions
What is Sturdy V1's TVL?
As of Jun 11, 2025, Sturdy V1 has $76,697 in total value locked. TVL has decreased 0.3% over the past 30 days.
What chains does Sturdy V1 operate on?
Sturdy V1 operates on Fantom.
Has Sturdy V1 ever been exploited?
Sturdy V1 has 1 recorded security incident. The most recent incident occurred on Jun 12, 2023 and involved $775,000. It was classified as Reentrancy.