DeFi Lending Protocol Sturdy Closed $3.9 Million Funding Round Led by Pantera Capital

DeFi Lending Protocol Sturdy closed a $3.9 million seed and strategic round led by Pantera Capital with participation from Y Combinator, Softbank Opportunity Fund, KuCoin Ventures and others. The funds raised will be used to accelerate its development, launch on more chains, add collateral assets and grow its staking strategies. Sturdy will reportedly launch on Fantom mainnet on March 21, with Ethereum mainnet slated for early Q2 2022.