Sturdy V1
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anchored·2fBL2D…w3tKSummary
Sturdy V1 was the original version of Sturdy Finance, a DeFi lending protocol backed by Pantera Capital, Y Combinator and others, that allowed users to deposit yield-bearing collateral such as Curve and Balancer LP tokens. In June 2023 an attacker exploited a read-only reentrancy flaw in a Balancer pool used for price oracle data, draining roughly $770,000-$800,000; the team paused the protocol and no further user funds were reported at risk. Sturdy V1 has since been largely superseded by Sturdy V2, and a 2024 governance proposal sought to formally sunset V1, whose on-chain value has fallen to a small fraction of its earlier size.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(4 events)
15 March 2022
Sturdy Finance closes a $3.9 million seed and strategic funding round led by Pantera Capital, with Y Combinator, SoftBank, KuCoin Ventures and other investors participating.
CoinCarpDecember 2022
Quantstamp publishes its security audit report on Sturdy's smart contracts, recording no high-severity findings.
Quantstamp audit certificateJune 2023
An attacker exploits a read-only reentrancy vulnerability tied to Balancer pool pricing to drain approximately $770,000-$800,000 from Sturdy Finance; the protocol pauses all markets.
EigenPhi forensic analysis; Decrypt2024
A governance forum proposal calls for formally sunsetting Sturdy V1, citing the migration of nearly all TVL to Sturdy V2 and the lack of ongoing V1 development.
Sturdy governance forumDecision Log
- slot 462907801 · hash DmDEGmNWSzWqwB5YQgPCSNgDLd4ecxqmuj7jnxrjS37u
- slot 462907795 · hash ETAycQWuYPiDe2pVKx1xCBWLJ2bfp9dd39cncFSNrgFb
- slot 445506055 · hash hBmKTXPq1n8i1PEDckkF1sKBHsuy521TcdBMizHXp2A
- slot 443512774 · hash C1U3DKPyHCSJKwcmdAsdJWxEQNpYuSufm6TLPmGvD7of
- slot 443512770 · hash 72kjU8U3XXQhCP9A2VhiEToDhzHg8PU9Xt1ffAv1N3pv
- slot 443508526 · hash 368DFwkc1q1NoEDz4uzp9Syj21tGXzAt6eMjxoaKwkYP
- slot 443508520 · hash 2TwDViSRps6STEF21feyXBLnkjbvXRu4NnbFQLBBz3Hb
- slot 422980007 · hash Fs5zX9XgYpnssc61ZtjEwpi1Dep3d8Mu2ARZJ7ijQMrS
This investigation is cryptographically anchored to the Solana blockchain (8 decisions). 10 of 14 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/4/2026, 2:54:41 AM
last updated: 10/29/2026, 2:03:23 PM
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