Sturdy Integrates Chainlink Price Feeds
Sturdy is a new DeFi primitive that enables interest-free loans and high-yield lending. Sturdy leverages accurate and high-quality data from Chainlink Price Feeds to provide DeFi users with a permissionless and non-custodial way to access lending markets.
Understanding Sturdy
Users can interact with Sturdy in two ways: as lenders who deposit funds they’d like to earn interest on, or as borrowers who provide collateral and take out loans. When borrowers provide collateral for a loan, Sturdy stakes it in protocols such as third-party yield aggregators like Yearn Finance to earn yield. As the collateral’s value grows over time, Sturdy takes the yield and distributes it to lenders. As a result, Sturdy is able to simultaneously offer interest-free loans to borrowers and high yields to lenders, making Sturdy the first positive-sum lending protocol.
Integrating Chainlink
After in-depth research and peer testing, Sturdy integrated the industry-leading Chainlink Price Feeds on Fantom for the following pairs: ETH/USD, FTM/USD, USDC/USD, DAI/USD, and USDT/USD. These high-quality, tamper-proof price feeds provide our users with stronger assurances that yields are accurately calculated and liquidations are fairly processed to protect the protocol.
“Chainlink Price Feeds are the market-leading price data solution for a reason — its high-quality data has become a core piece of infrastructure for the entire DeFi economy. Providing our users with transparent, tamper-proof price data helps ensure our users are supported by the best market data solution in the industry.” — Sam Forman, Co-founder and CEO of Sturdy
Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications.
Sturdy
Sturdy is a first of its kind DeFi protocol for interest-free borrowing and high-yield lending. Rather than charging borrowers interest, Sturdy stakes their collateral and passes the yield to lenders. This model changes the relationship between borrowers and lenders to make Sturdy the first positive-sum lending protocol.
