Sturdy V1 Review: What to Know Before Using It
Sturdy V1 is a DeFi lending protocol built around yield-bearing collateral and interest-free borrowing. A reported 2023 exploit and limited current product details make it hard to assess safely today.
By the SkyBitcoins review team · Updated
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At a glance
Sturdy V1 key facts
| Type | DeFi lending protocol |
|---|---|
| Chains | Ethereum and Fantom |
| Token | STRDY |
| Audits | Two audits listed; details not established |
| Updated |
Sturdy V1 FAQs
What is Sturdy V1?
Sturdy describes a model where borrowers’ collateral is staked and the yield goes to lenders. The stated model avoids borrower interest, but current markets and operating status are unclear.
Does Sturdy V1 charge borrowing fees?
Sturdy describes borrowing as interest-free, with collateral yield supporting lender returns. It does not publish enough detail here to establish other costs, such as fees or transaction costs; Ethereum and Fantom transactions can also require network gas.
Was Sturdy hacked?
A June 2023 report says Sturdy Finance lost 442 ETH in an exploit. It is unclear whether Sturdy V1 was affected specifically or what remediation followed, so check the current market and security status before connecting a wallet or depositing.
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Sturdy V1 alternatives
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Aave V3 offers non-custodial lending and collateralised borrowing, but rates vary and deposits remain exposed to DeFi and liquidation risks.
Compound V3 offers variable-rate crypto lending across several networks, but market terms and liquidation risks require close checking.
Aave V4 offers non-custodial lending and collateralized borrowing, but rates vary and smart-contract, market and liquidation risks remain.
Euler V2 offers configurable lending markets across many chains, but check each vault’s rates, liquidity and liquidation rules before depositing.
Morpho Blue offers non-custodial lending markets and curated vaults, but rates change and supplied assets face smart-contract, oracle and market risks.
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Morpho offers variable-rate and fixed-term lending plus curated vaults, but check each product’s fees, terms and risks before depositing.
Euler offers flexible crypto lending and market-building tools, but check each market’s fees, collateral rules and risks before depositing.
Nolus offers fixed-rate, asset-backed spot margin, but check live borrowing costs and liquidation terms before using leverage.
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NAVI offers variable-rate lending and collateralized borrowing on Sui, but users must weigh liquidation, smart-contract and liquidity risks.
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Lido turns staked ETH into liquid stETH, but variable rewards, a 10% reward fee and withdrawal and contract risks need checking.
Bitvavo offers euro funding, 400+ crypto assets and Pro Mode, but check withdrawal terms and the separate risks of staking and leverage.
GetBlock suits teams needing multi-chain RPC and data services, but check usage billing, coverage and SLA terms before relying on it in production.
Uniswap offers wallet-based swaps and liquidity pools across 15+ networks, but pool fees, gas and self-custody risks still matter.
Arbitrum Bridge is a direct way to move supported assets between Ethereum and Arbitrum One, but Ethereum withdrawals typically take around seven days.
Uniswap V2 enables wallet-based swaps and liquidity provision, but check the pool, network, gas and token risks before you trade.
How we checked
Sources
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