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Sturdy

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Sturdy

DeFi protocol for permissionless lending

sturdy.finance
11-50
Fintech

Company research

Public company, workplace, funding, and market signals

Updated Jul 29, 2026

Overview

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

Menlo Park, California, United States

Business model

permissionless DeFi lending protocol
yield aggregation / optimization
interest-free borrowing with yield sharing

Funding

Stage

Seed

Total raised

$3.9M

Latest round

Seed / strategic · Mar 2022

Latest amount

$3.9M

Seed / strategic

Mar 2022 · Pantera Capital

$3.9M

People & investors

Leadership

Sam Forman

CEO, Co-Founder

Investors

Dialectic
KuCoin Ventures
mgnr
One Block
Orange DAO
Pantera Capital
SoftBank’s Opportunity Fund
Y Combinator

Work & culture

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

remote-first working environment
flexibility
generous salary
token options
asymmetric upside

Product & market

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

  • —isolated lending with shared liquidity
  • —two-tier architecture that separates risk from liquidity
  • —permissionless market creation for any token
  • —AI-optimized allocation via SN10 / Bittensor
  • —lenders can choose collateral exposure while still accessing deep liquidity
  • —interest-free borrowing / positive-sum lending

Technology

Solidity
TypeScript
Python
JavaScript
EVM
Yearn V3
Bittensor
Hardhat
Balancer
RedStone
API3
eOracle

Customers

DeFi lenders
borrowers
yield farmers
crypto investors
partner protocols / vault operators

Competitors

Aave
Compound
Morpho
Yearn
Fraxlend

Scale & contact

Estimated revenue

≈$1.7M ARR (2024 estimate)

Estimated monthly visits

1.3K

Traffic estimate as of Apr 2026

Signals & risks

Other
Jun 2023

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.

Source

Latest news

Sturdy + SN10: AI-Powered Yield Optimization for DeFi

Medium · 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.

Sturdy Brings AI-Powered Yield Optimization to Flow

Medium · Mar 2025

Sturdy launched on Flow with AI-optimized lending, four new lending pools, and up to 9x leveraged yields on ankrFLOW.

2024 Recap: Sturdy’s Year of Innovation

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.

November Highlights

Medium · Dec 2024

Highlights partnerships with Ondo, SN10 scaling past $110M allocated, SN10 2.0, and expansion into Morpho and Yearn/Pendle integrations.

October Highlights

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.

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SourcesOfficial websiteDocumentation / product overviewCommunity resourcesMedium funding announcementMedium exploit post-mortemGetLatka company profileLinkedIn company pageGitHub organizationCryptocurrency Jobs postingHypeStat traffic estimateMedium blog homepage

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