[SIP-015] Deploy Sturdy onto Mode Network

Summary

This proposal seeks to deploy Sturdy V2 on Mode and whitelist three silos + one aggregator on the Sturdy UI. Sturdy would be one of the first yield focused protocols on the Mode network. As more yield bearing collateral sources come into Mode, more silos and aggregators could be deployed.

Sturdy is audited and well aligned with Mode’s mission. Once deployed into the Mode Network depositors into Sturdy will be eligible for a 2X point boost.

About Mode

Mode is the modular layer 2 built with the OP Stack and part of Optimism’s superchain. Mode is hyper focused on being one of the coolest places onchain to use and discover DeFi projects, and has several incentive models to encourage developers to build with Mode including sequencer fee sharing.

Silos

Silo 1 Lending/borrowing asset: WETH Collateral asset: USDC LTV: 80% Liquidation fee: 7%

Silo 2 Lending/borrowing asset: USDC Collateral asset: WETH LTV: 80% Liquidation fee: 7%

Silo 3 Lending/borrowing asset: WETH Collateral Asset: ezETH LTV: 90% LTV Liquidation Fee: 3%

Aggregator Lending asset: WETH

Initial whitelisted silos: ezETH