Sturdy
SN10
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SN10 (Sturdy Subnet on Bittensor) presents a weak-to-mediocre profile across evaluated categories, compounded by a major data gap in Active Development where retrieved sources failed to disambiguate the project from unrelated repositories. Community Support is low (2.0/10) with dormant governance activity, zero proposals over the last 30 days, and a tiny follower base. Tokenomics (4.0/10) lacks documented demand utility, emission schedules, and a supply cap, although insider concentration is relatively low. Market and Use Case (4.0/10) exhibits a low market capitalization ($5.6M-$6.3M), high price and volume discrepancies across trackers, and strong competition. Team and Governance (5.0/10) features an unidentifiable core team and solely off-chain voting mechanisms. Security and Audit History (5.5/10) notes an audit by CertiK, an older remediated exploit in June 2023 (~$770K loss, under the red-flag threshold and over 24 months past), and no recent incidents. With Active Development excluded due to insufficient data, the remaining sections yield a normalized weighted score of 4.1/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Sturdy (SN10)
SN10 (Sturdy) is the incentive token for the Sturdy subnet (Subnet 10) on the Bittensor network. The project originally originated as Sturdy Finance, a decentralized lending protocol operating on Ethereum, before expanding to operate as a specialized subnet within the Bittensor ecosystem.
The token model is structured around Bittensor subnet emissions, featuring an estimated maximum supply of 21.00 million tokens with approximately 4.87 million to 4.96 million tokens in circulating supply. Tokenomics records indicate an 11.26% token burn, though detailed demand drivers and fixed emission schedules remain largely undocumented. Governance functions have historically relied on informal forum discussions and off-chain Snapshot voting, though recent governance activity has remained dormant with an unidentifiable core team.
In June 2023, the legacy Sturdy Finance V1 lending protocol experienced a security exploit. On June 12, 2023, an attacker used flashloan-assisted price manipulation and reentrancy against the platform's ETH lending pool, resulting in the theft of approximately 504 ETH (valued at roughly $770,000 at the time). Protocol contributors responded by pausing system contracts, preventing further losses and protecting the unaffected stablecoin market. While the protocol had undergone an audit by CertiK prior to the incident, the Bittensor subnet codebase currently lacks verified, publicly documented post-pivot audit scores.