Description
Sturdy is an innovative DeFi lending protocol that offers zero-interest loans by leveraging interest-bearing tokens as collateral, benefiting both lenders and borrowers. Unique in approach, Sturdy allows borrowers to access liquidity without incurring interest, while depositors earn high yields on their stablecoins. By staking borrowers' over-collateralized assets, the resulting yield is distributed to lenders, creating a mutually beneficial ecosystem. Launched on Fantom and Ethereum, Sturdy reached a peak TVL of over $30 million and initiated a transition to DAO governance with its $STRDY token. The platform emphasizes transparency, security, and composability, integrating with various DeFi protocols to provide yield farmers with significant leverage opportunities.
Sturdy is an innovative DeFi lending protocol that offers zero-interest loans by leveraging interest-bearing tokens as collateral, benefiting both lenders and borrowers. Unique in approach, Sturdy allows borrowers to access liquidity without incurring interest, while depositors earn high yields on their stablecoins. By staking borrowers' over-collateralized assets, the resulting yield is distributed to lenders, creating a mutually beneficial ecosystem. Launched on Fantom and Ethereum, Sturdy reached a peak TVL of over $30 million and initiated a transition to DAO governance with its $STRDY token. The platform emphasizes transparency, security, and composability, integrating with various DeFi protocols to provide yield farmers with significant leverage opportunities.
