Sturdy Finance
Sturdy Finance, a fintech company in the credit and lending sub-industry, specializes in creating permissionless liquid money markets for various assets using a novel two-tier architecture to manage risk and liquidity.
Services
Sturdy Finance offers isolated lending with shared liquidity, utilizing a novel two-tier architecture. The company's services enable customers to create permissionless liquid money markets for any asset. The base layer comprises siloed lending pools for individual lending/borrowing and collateral assets. Aggregators built on this layer distribute deposits across whitelisted silos, allowing for flexible collateral asset selection. Sturdy Finance supports autonomous yield optimization using zkML among whitelisted silos.
Founders and Team
Sturdy Finance, formerly known as 'Trained Eye' and 'Sturdy', has a small team of five members. The team is fortified by associations with a host of influential backers, including SoftBank, Pantera Capital, Y Combinator, One Block Capital, KuCoin Ventures, and OrangeDAO. Though specific details about the founders are not available, the company's participation in the W21 Y-Combinator batch highlights its innovative potential in the fintech industry.
Investors and Backing
Sturdy Finance is supported by prominent investors such as SoftBank, Pantera Capital, Y Combinator, One Block Capital, KuCoin Ventures, and OrangeDAO. This diverse range of backing underscores the confidence these investors have in Sturdy Finance’s potential in the fintech sub-industry of credit and lending. The company's affiliation with such notable names strengthens its position and growth prospects in the market.
Security and Audits
Sturdy Finance places a high priority on protocol security. The company’s platform has been audited by reputable firms such as Spearbit, ChainSecurity, and Zellic. In addition to these audits, Sturdy Finance runs a bug bounty program through Immunefi, inviting security researchers to identify and report vulnerabilities, further securing its platforms against potential risks.
Community Engagement and Governance
Sturdy Finance maintains robust community engagement channels through Twitter, Discord, and a dedicated governance forum. These platforms allow for ongoing communication, feedback, and involvement from community members, enhancing transparency and fostering a participatory approach to its operations. This engagement is integral to Sturdy Finance's commitment to community-driven growth and decentralized financial services.