Sturdy V1 (STRDY)

Total Value Locked$39,455
Chain Breakdown
Ethereum$39,455
Fantom$0
Include in TVL (optional)
$1.71m
$1.71m
$554,711
$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

Audits:

Development Activity

(updated at 26/02/25)

Weekly commits: 1
Monthly commits: 1
Weekly developers: 1
Monthly developers: 1

Last commit: a month ago (2025-02-26)

Token Information

Address:0xaeb360...54309a

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 (22 months ago)

Amount:$770,000

Classification:Ecosystem

Technique:Flashloan Reentrancy Attack

Chain:Ethereum

Returned Funds:$0

Source