Ethereum

You read the headline right, if you haven&#39;t heard already, Sturdy’s ETH market is live!Our new leveraged liquid staking market allows yield farmers to borrow ETH against their LSDs and LSD LPs to take on leverage and boost their staking yields! Our one-click leverage feature enables users to recursively take out loans to seamlessly lever up to 10x on their yield farming positions. For instance, Convex offers 5.64% APY on Curve’s ETH/stETH LP, but users could make 51.74% with 9.18x leverage on Sturdy.LSDs have been all the rage of late, and for good reason. LSDs are on the path to revolutionize DeFi; Lido, the largest provider of LSDs, is currently the largest project across networks with over $6 billion in TVL, protocols are increasingly accepting stETH and other LSDs, plus they pay out rewards while remaining liquid. Sturdy is prepared to ride the LSD wave to help users crank up their LSD yields while setting the bar for LSD efficiency at the protocol level. Sturdy’s unique mechanics set it up as a safe, yet productive home for LSD LPs. Because users borrow ETH against LSD LPs, the major liquidation risk is a major depegging event rather than price volatility. While such events have happened in the past, they’ll become extremely unlikely once Beacon chain withdrawals are activated and stakers can withdraw ETH instead of selling their position at a discount. Our leveraged liquid staking market will provide DeFi users with low-risk, high-yield opportunities by taking out leverage against pegged assets. We’ll be adding more accepted collateral from well-established teams who have taken the time to create stable LSDs that move in tandem with ETH to keep user risk low when taking on high leverage.Best of all, we’ve just completed a fresh round of audits for our new market, courtesy of the Balancer grant program, so users can expect the same level of security as always on Sturdy.This is a huge opportunity for users to build high-yield farming strategies by taking on secure leverage with Sturdy. We can’t wait to see what you degens do with our new leveraged liquid staking market!

Sturdy’s ETH market is open!

Sturdy Finance

Andra artiklar publicerade 14 feb. 2023

BinStarter Partners with Victory Point

The Centralization Woes of Ethereum

Everything You Need to Know About Self-Custody Wallets

PARSIQ and Blockchain Founders Group Collaborate to Back Early-Stage Ventures in Accessing Depend...

Shiba Inu (SHIB) Can Reach $1 Thanks to These Drivers, Bone ShibaSwap (BONE) Account Says

How to trade, pay & earn on ZKSpace

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!