Searching for Alpha: Sturdy Finance and MetaStreet

Sturdy Finance is an Ethereum- and Fantom-based interest-free stablecoin lending protocol. The fund originated from one of the following three stablecoin pools: USDT, DAI, or TUSD. Borrowing these stablecoins requires borrowers to overcollateralize their positions with a loan-to-value (LTV) ratio ranging from 60% to 90%. 

Sturdy Finance primarily accepts yield-bearing Curve LP tokens and stETH as collateral at the time of writing. This requires users to provide liquidity on Curve or Lido before utilizing Sturdy Finance, adding friction to the user journey. Note that the collateral pools are not available for borrowing, and users can only borrow the stablecoins.