Description: The best way to lend and borrow stablecoins on Fantom network. Sturdy is the first DeFi lending protocol to offer high yield deposits and interest-free loans.
How does Sturdy work?
Users can interact with Sturdy in two ways:
1. As ‘depositors’ who supply assets like USDC they’d like to earn interest on.
2. As ‘borrowers’ who borrow assets like USDC and provide assets like ETH as collateral.
Sturdy stakes the collateral provided by borrowers to earn yield. For example, if a borrower deposits ETH as collateral, Sturdy stakes it in the Ethereum 2.0 Beacon Chain via Lido. The yield generated from collateral is used to provide interest to depositors. As a result, borrowers never have to pay interest.
Lower fees
One of Sturdy’s core advantages is offering feeless loans: borrowers pay no interest, deposit, or withdrawal fees. But users still have to pay gas fees, which can be hundreds of dollars on Ethereum mainnet. This would exclude many users with smaller positions from using our protocol. On Fantom, we expect transactions to cost no more than a few dollars. This will make our protocol accessible to all users, regardless of size.
Higher yields
On Sturdy, yields are powered by the interest earned on collateral. In the case of ETH on Ethereum mainnet, yields are relatively low (roughly 5% APY with staking platforms like Lido). On Fantom, WFTM is currently earning roughly 10% APY on Yearn, translating into stablecoin yields that are two times higher than what would be possible on Ethereum mainnet.
As a borrower, why should I use Sturdy?
Most lending protocols make you pay interest, increasing your debt. With Sturdy, you pay no interest fees, deposit fees, or withdrawal fees: just gas.
As a depositor, why should I use Sturdy?
With Sturdy, yield is derived from staking rewards, which is a more stable and consistent income than interest paid by borrowers.
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