Struct Finance’s TVL Soars Over 129% in One Week
Struct Finance, a decentralized finance (DeFi) protocol, has experienced a remarkable increase in its total value locked (TVL) over the past week, according to DeFi TVL aggregator DeFiLlama. Here are the key points:
- Struct Finance’s TVL more than doubled from $350,820 to $800,000 between July 11 and July 18. It currently stands at $806,314.
- When measured in Avalanche’s native token AVAX, the TVL has surged from 25,800 AVAX to 57,553 AVAX.
- Struct Finance is now the fastest-growing DeFi platform on Avalanche, achieving this milestone less than a month after its mainnet launch.
- The protocol ranks first for both one-day and seven-day TVL gain on the network.
- Despite its rapid growth, Struct Finance is still behind Benqi and Aave, the two largest Avalanche-based platforms, with TVLs of $232 million and $214 million, respectively.
Struct Finance Offers Customizable Financial Products
Struct Finance launched its mainnet on June 21, 2023, and provides investors with structured financial products that offer exposure to digital assets. Here are the key points:
- Investors can customize their investments based on risk tolerance and earn predictable returns using Struct’s tranching mechanism and Interest Rate Vaults.
- The platform allows investors to split the risk of yield-bearing assets into different parts, offering flexibility in investment strategies.
- Returns from underlying assets are distributed to fixed and variable tranches, providing additional exposure to chosen investments.
- Liquidity providers can earn fixed yields during stable market conditions, irrespective of market fluctuations.
Struct Finance Secures $3.9 Million in Funding
In March 2022, Struct Finance raised $3.9 million in a funding round led by Avalanche ecosystem’s Blizzard Fund, Bison Fund, Bixin Ventures, Double Peak, FBG Capital, and AVentures Dao, among others.
Hot Take: Struct Finance’s Rapid Growth Points to Potential
With its impressive TVL growth and innovative features, Struct Finance has positioned itself as a key player in the DeFi space on Avalanche. While it still has ground to cover to catch up with the top platforms, its customizable financial products and successful funding round indicate promising potential for further expansion and success.
