Sturdy V1 (STRDY)

Total Value Locked$175,296

Chain Breakdown
Ethereum	$175.3k
Fantom	$0

Include in TVL (optional)
Borrowed	$2.28m

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Information

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

Audits

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Token Information

Address:0xaeb360...54309a

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Methodology

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.

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Competitors

AAVE V3 ($15.15b)Spark ($3.52b)Venus Core Pool ($1.74b)Compound V3 ($1.69b)Morpho Blue ($1.25b)JustLend ($4.36b)Kamino Lend ($1.71b)AAVE V2 ($865.32m)Compound V2 ($618.68m)Avalon Finance ($613.26m)

Raises

Total raised: 3.9m
3/17/2022 : Seed and Strategic - Raised $3.9m