https://www.youtube.com/watch?v=Um3-uP7TmvY&t=48s
Sturdy aims to create an environment where yield farming profits are accessible to everyone.
The platform is a lending protocol that operates as a decentralized yield farming fund.
Most lending protocols rely on charging borrowers interest to provide yield for lenders, creating a zero-sum game where borrowers must be charged more for lenders to make more.
Sturdy flips this script on its head.
Sturdy accepts interest-bearing tokens (ib-tokens), such as Curve LP tokens and LSD LPs, as collateral. The unique incorporation of ib-tokens as collateral enables DeFi’s best yield farmers to lever up on their LP positions up to 10x!
Lenders receive a portion of yield farming profits in exchange for providing liquidity necessary for borrowers to lever up their positions.
Rather than pitting borrowers and lenders against each other, Sturdy creates a positive-sum interaction where borrowers are able to lever up and take their yields to new heights while lenders get a portion of yield farming profits without the typically associated time, risk, or gas costs.