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Decentralized finance (DeFi) protocol Struct Finance recorded over 129% gains in its total value locked (TVL) over the past week, according to data from DeFi TVL aggregator DeFiLlama.<\/p>\n
Struct Finance’s TVL more than doubled<\/a> between July 11 and July 18 from $350,820 to $800,000, and at the time of writing, the TVL stood at $806,314. When measured in Avalanche’s native token AVAX, the TVL has soared from 25,800 AVAX to 57,553 AVAX.<\/p>\n In the past week, Struct’s growth earned it the number-one spot as the fastest-growing DeFi platform on Avalanche in less than a month of its mainnet launch. The protocol currently ranks first for both one-day and seven-day TVL gain on the network.<\/p>\n Struct now ranks<\/a> as the 34th largest Avalanche-based platform by TVL. While the protocol’s growth is significant, it still trails far behind Benqi and Aave, the first and second largest Avalanche-based platforms, with TVLs of $232 million and $214 million, respectively.<\/p>\n Struct Finance, which launched its mainnet on June 21, 2023, offers investors customizable structured financial products that give exposure to digital assets. During the mainnet launch announcement, the platform unveiled a tranching mechanism and innovative Interest Rate Vaults that enable users to invest in products according to risk tolerance and earn predictable returns.<\/p>\n As CryptoPotato<\/em> Reported<\/a>, the Avalanche-based DeFi platform allows clients to split the risk of any yield-bearing asset into different parts so it can fit into all strategies. Investors can choose between a fixed but lower return and a higher-risk variable return on their investments.<\/p>\n The returns from the underlying assets are first distributed to the fixed tranche while the remainder is moved to the variable tranche, giving them additional exposure to the initially-picked investment.<\/p>\n In addition, Struct’s unique features allow liquidity providers to earn fixed yields during stable market conditions, regardless of market fluctuations.<\/p>\n Meanwhile, the project bagged<\/a> $3.9 million in March 2022 during a funding round led by Avalanche ecosystem’s Blizzard Fund, Bison Fund, Bixin Ventures, Double Peak, FBG Capital, and AVentures Dao, among others.<\/p>\nStruct Finance Gains Over 100% in TVL<\/h2>\n
Struct Bags $3.9 Million in Funding<\/h2>\n
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