Sturdy Finance
Financials
Estimates*
USD | 2023 |
---|---|
Revenues | 2.7m |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | N/A | - | |
* | $3.9m | Seed | |
Total Funding | $3.9m |
Related Content
Recent News about Sturdy Finance
EditSturdy Finance operates in the decentralized finance (DeFi) market, providing a unique lending protocol that allows users to borrow stablecoins without paying interest and earn high yields on their deposits. The platform serves cryptocurrency investors and DeFi enthusiasts who seek to maximize their returns while minimizing costs. Sturdy Finance leverages collateral staking, where the collateral provided by borrowers is staked using other DeFi protocols like Yearn and Lido. The staking rewards generated are then used to pay interest to depositors, creating a positive-sum environment. The business model revolves around facilitating interest-free loans and generating revenue through staking rewards. Sturdy Finance is initially available on multiple EVM-compatible chains, starting with Fantom. The company aims to expand its reach across various blockchain networks to provide seamless and efficient financial services.
Keywords: DeFi, lending, borrowing, stablecoins, Ethereum, collateral staking, high yield, interest-free, EVM-compatible, Fantom.