Total Value Locked$272,978
TVL by Chain
Mode$232,775
Ethereum$28,655
OP Mainnet$5,073
Linea$4,909
Flow$1,566
Sei$0
Key Metrics
Active Loans$84,465
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.
- Sturdy V2Lending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Hacks
Date: Jun 12, 2023
Protocol: Sturdy V1
Amount: $775,000
Classification: Reentrancy
Technique: Read-Only Reentrancy
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Sturdy's TVL?
Sturdy currently has $272,978 in total value locked. TVL has increased 27.5% over the past 30 days.
What chains does Sturdy operate on?
Sturdy operates on 7 chains: Ethereum, Fantom, Mode, OP Mainnet, and Linea and 2 others. Mode holds the largest share at 85.3%.
How does Sturdy's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Sturdy ranks #176 by TVL. The category holds $50.612b across 515 protocols, and Sturdy accounts for <0.1% of that total. Other leading protocols include Morpho Blue, Aave V3, Tarot, Impermax V2, Ajna V2, Compound V3, Avalon Finance, Iron Bank, Fuji V1, and Granary Finance.
How much has been borrowed through Sturdy?
Sturdy currently has $84,465 in active loans.
Has Sturdy ever been exploited?
Sturdy has 1 recorded security incident. The most recent incident occurred on Jun 12, 2023 and involved $775,000. It was classified as Reentrancy.