Ask about Steadefi
Logo of SteadefiSteadefi(SDY)
Total Value Locked$568.79

TVL by Chain

Arbitrum$566.37

Avalanche$2.43

Protocol Information

Steadefi is an undercollateralized leveraged yield protocol that allows DeFi users to earn yield profitably in any market conditions. It provides automated risk and position management, along with various strategies for different market outlooks: delta long, neutral and short. Currently on Arbitrum and Avalanche with strategies to GMXv2 GM pools.

Category:Leveraged Farming

Audits:

Twitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Hacks

Date: Aug 8, 2023

Amount: $1.16m

Classification: Protocol Logic

Technique: Deployer Wallet Compromised

Chains: Ethereum

Target Type: DeFi Protocol

Competitors

DeltaPrime ($3.59m)GoldLink ($3,031.21)Homora V2 ($110.27m)AirPuff ($531,577.16)Stella ($442,829.23)Single Finance ($141,702.18)Factor Leverage Vault ($44,376.45)OpenWorld Farm ($564.25)JBC.Finance ($378.49)Ithil ($191.51)

Frequently Asked Questions

What is Steadefi?

Steadefi is an undercollateralized leveraged yield protocol that allows DeFi users to earn yield profitably in any market conditions. It provides automated risk and position management, along with various strategies for different market outlooks: delta long, neutral and short. Currently on Arbitrum and Avalanche with strategies to GMXv2 GM pools.

What is Steadefi's TVL?

Steadefi currently has $568.79 in total value locked. TVL has increased 21.5% over the past 30 days.

What chains does Steadefi operate on?

Steadefi operates on 2 chains: Avalanche and Arbitrum. Arbitrum holds the largest share at 99.6%.

How does Steadefi's TVL compare to similar protocols?

Among Leveraged Farming protocols tracked by DefiLlama, Steadefi ranks #30 by TVL. The category holds $269.12m across 40 protocols, and Steadefi accounts for <0.1% of that total. Other leading protocols include Yield Basis, Origami Finance, and Alpaca Finance.

Has Steadefi ever been exploited?

Steadefi has 1 recorded security incident. The most recent incident occurred on Aug 8, 2023 and involved $1.16m. It was classified as Protocol Logic.