Sturdy Finance

Sturdy Finance introduces a new approach to creating liquid money markets for any token through a unique two-tier architecture. This design isolates risk between assets while preventing liquidity fragmentation, featuring risk-isolated pools at its base and an aggregation layer that enables lenders to choose suitable collateral assets for their deposits. The governance token of the platform, $STRDY plays a pivotal role in overseeing the Sturdy protocol's operations. Governance is primarily driven by $STRDY holders.

Sturdy enables anyone to create a liquid money market for any token. Sturdy uses a novel two-tier architecture to isolate risk between assets while avoiding liquidity fragmentation. The base layer consists of risk-isolated pools; aggregation built on top enables lenders to select which collateral assets can be used as collateral for their deposits.

$STRDY holders shape the future of the Sturdy protocol through governance. To participate in governance, you can contribute to discussions in the forums or cast votes on snapshot. Before creating a governance proposal, fielding the idea to the community is important. Once your idea starts to form, and you’ve found some support within the community, it’s time to add a little structure and send it into the proposal section of the Forum.Now it’s time to create a formal proposal on Snapshot. This stage requires the submitter to hold at least 1,000 STRDY to keep the platform from getting flooded with spam proposals.

$STRDY serves as the governance token for the Sturdy DAO, overseeing the operations of the Sturdy protocol, with a capped supply of 100 million tokens. The distribution plan for these tokens includes a 1.5% airdrop to participants without any vesting period. The treasury receives a significant share of 60.5%, also without a vesting requirement. Both contributors and investors are allocated 19% each, under a structured vesting schedule that spans three years and includes a one-year cliff, ensuring their commitment to the protocol's long-term success.

Sturdy Finance raised $3.9M across seed and strategic rounds, led by Pantera with participation from Y Combinator, SoftBank’s Opportunity Fund, KuCoin Ventures, mgnr, One Block, Dialectic, and Orange DAO.