DeFi Platform Struct Finance Sees 129% Gains in 7-Day TVL, Ranks First on Avalanche

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.

Struct Finance’s TVL more than doubled between July 11 and July 18 from $350,820 to $800,000, and at the time of writing, the TVL was at $806,314. When measured in Avalanche’s native token AVAX, the TVL has soared from 25,800 AVAX to 57,553 AVAX.

Struct Finance Gains Over 100% in TVL

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.

Struct now ranks 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.

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.

Struct Bags $3.9 Million in Funding

As CryptoPotato reported, 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.

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.

In addition, Struct’s unique features allow liquidity providers to earn fixed yields during stable market conditions, regardless of market fluctuations.

Meanwhile, the project bagged $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.