Sturdy
Crypto Overview
Purpose and Utility
Sturdy is a lending protocol built on the Ethereum network that aims to enable yield generating strategies through leveraged staking positions. The STRDY token serves as a governance token for the Sturdy protocol, allowing holders to participate in decision-making regarding protocol parameters and updates.
Business Model
The protocol's core functionality revolves around lending and borrowing operations, where users can deposit assets as collateral to borrow other assets. The protocol generates revenue through interest rates charged on loans and fees from liquidations.
Real-World Adoption
The protocol has seen moderate adoption within the DeFi ecosystem, with users actively participating in lending and borrowing activities. However, the primary use case remains centered around lending and interest-generating activities.
Platform Development
The project maintains an active GitHub repository with regular updates and improvements to the protocol. The development team continues to implement new features and security improvements.
Token Distribution
The STRDY token has been distributed through various mechanisms including team allocations, community incentives, and liquidity mining programs. A significant portion of tokens is allocated to the team and early investors.
Crypto Impact
To assign a comfort level investing in Sturdy from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Sturdy.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.