Sturdy disclosed a June 12, 2023 exploit that drained 442 ETH from the ETH market, forced a temporary protocol pause, and required remediation before the market could reopen; the team said the stablecoin market continued after a brief pause.
SourcePublic company, workplace, funding, and market signals
Updated Jul 29, 2026
Sturdy is a DeFi lending protocol for isolated lending with shared liquidity, using a two-tier architecture: risk-isolated siloed lending pairs plus Yearn V3 aggregators that optimize allocations via a Bittensor subnet (SN10). Public materials position it as interest-free borrowing and high-yield lending, with AI-assisted yield optimization and permissionless market creation.
Primary product
Sturdy V2 decentralized lending / yield-optimization protocol
Founded
2020
Headquarters
Menlo Park, California, United States
Team size
1-10
Work style
Remote
Industry
Financial Services
Sub-industry
DeFi lending / yield optimization
Offices
0 jobs at Sturdy
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Business model
Stage
Seed
Total raised
$3.9M
Latest round
Seed / strategic · Mar 2022
Latest amount
$3.9M
Mar 2022 · Pantera Capital
Leadership
CEO, Co-Founder
Investors
Remote-first, flexibility-oriented, community/governance-driven, and security-conscious, with a strong positive-sum DeFi ethos.
Work style
Remote
Compensation
Public job postings mention generous salary, token options, and asymmetric upside; no public salary bands or visa policy were disclosed.
Benefits
Pricing
Borrowers do not pay interest in supported markets; lenders earn yield from collateral deployment and protocol incentives rather than a traditional interest spread.
Differentiators
Technology
Customers
Competitors
Estimated revenue
≈$1.7M ARR (2024 estimate)
Estimated monthly visits
1.3K
Traffic estimate as of Apr 2026
Sturdy disclosed a June 12, 2023 exploit that drained 442 ETH from the ETH market, forced a temporary protocol pause, and required remediation before the market could reopen; the team said the stablecoin market continued after a brief pause.
SourceMedium · May 2025
Sturdy said SN10, its Bittensor subnet, powers real-time AI-driven yield optimization across isolated lending markets and improves allocation for lenders and borrowers.
Medium · Mar 2025
Sturdy launched on Flow with AI-optimized lending, four new lending pools, and up to 9x leveraged yields on ankrFLOW.
Medium · Jan 2025
Year-end recap highlighting SN10’s launch, more than $150M allocated by the subnet, and expansion into third-party protocol integrations such as Morpho.
Medium · Dec 2024
Highlights partnerships with Ondo, SN10 scaling past $110M allocated, SN10 2.0, and expansion into Morpho and Yearn/Pendle integrations.
Medium · Nov 2024
Covers SN10 integration with Morpho USDC vaults, BTCfi expansion, and subnet dashboard upgrades, with Sam Forman discussing Sturdy’s AI use in DeFi.