Logo of SturdySturdy(STRDY)
Total Value Locked$278,526

TVL by Chain

Mode$168,932

Ethereum$98,026

Linea$5,802

OP Mainnet$4,182

Flow$1,584

Fantom$0

Sei$0

Key Metrics

Active Loans$61,182

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.

Category:Lending

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Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Hacks

Date: Jun 12, 2023

Protocol: Sturdy V1

Amount: $770,000

Classification: Ecosystem

Technique: Flashloan Reentrancy Attack

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Competitors

Morpho Blue ($7.972b)Aave V3 ($14.132b)Impermax V2 ($533,621.83)Tarot ($500,388.42)Ajna V2 ($449,782.56)SparkLend ($3.688b)Maple ($2.427b)Compound V3 ($1.13b)Venus Core Pool ($1.073b)Lista Lending ($719.3m)

Frequently Asked Questions

What is Sturdy?

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.

What is Sturdy's TVL?

Sturdy currently has $278,526 in total value locked. TVL has decreased 5.6% over the past 30 days.

What chains does Sturdy operate on?

Sturdy operates on 7 chains: Ethereum, Fantom, Mode, Linea, and OP Mainnet and 2 others. Mode holds the largest share at 60.7%.

How does Sturdy's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Sturdy ranks #174 by TVL. The category holds $41.115b across 467 protocols, and Sturdy accounts for <0.1% of that total. Other leading protocols include Aave, Morpho, and Spark.

How much has been borrowed through Sturdy?

Sturdy currently has $61,182 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 $770,000. It was classified as Ecosystem.