Sturdy V1 (STRDY)
Total Value Locked$50,293
| Ethereum | $33,978 |
|---|---|
| Fantom | $16,315 |
| Include in TVL (optional) | |
|---|---|
| $1.69m |
| $1.69m | |
| $3.9m |
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
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.
Hacks
Date:6/12/2023
Amount:$770,000
Classification:Ecosystem
Technique:Flashloan Reentrancy Attack
Chain:Ethereum
Returned Funds:$770,000
Source