Ask about SturdyTotal Value Locked$257,136
TVL by Chain
Mode$141,643
Ethereum$105,632
Linea$4,796
OP Mainnet$3,512
Flow$1,553
Fantom$0
Sei$0
Key Metrics
Active Loans$50,614
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.
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