Struct Finance Joins Avalanche Rush with an Incentive Program of up to $1M

Avalanche

‍Struct Finance, a popular structured finance protocol built on Avalanche C-Chain, has entered the Avalanche Rush Program with a total amount of up to $1M in $AVAX, provided by the Avalanche Foundation. Struct offers users interest rate vaults and a tranching mechanism that empowers them to access fixed- and variable-yield products while diversifying yield-bearing products into distinct tranches, each tailored to different strategies.

Avalanche Rush, a liquidity mining incentive program launched in summer 2021, introduces blue-chip DeFi applications and assets to the Avalanche ecosystem and helps to elevate Avalanche-native DeFi protocols. Past participants include Curve Finance, Aave, Trader Joe, GMX, Benqi, KyberSwap, and Dexalot.

The persistent operation of Avalanche Rush reflects the Avalanche Foundation’s commitment to advancing DeFi while creating a more accessible, decentralized, and cost-effective Avalanche ecosystem. Struct's focus on creating and customizing structured financial products brings products typically reserved for institutions to the general public.

"Struct Finance joining Avalanche Rush is a huge step toward a more inclusive DeFi ecosystem on Avalanche,” said Luigi D’Onorio DeMeo, Senior Director of BD and Head of DeFi at Ava Labs. “With unique tranching mechanisms and the democratization of advanced financial products, Struct enhances liquidity and opens opportunities for a wider range of participants. This aligns with our vision for a decentralized and accessible financial future."

"At Struct Finance, our journey began with integrating GMX, and now we've strategically advanced to incorporating Trader Joe Auto-Pools,” said Ersin Dalkali, Co-Founder of Struct Finance. “This pivotal move is part of our ongoing commitment to deepen liquidity and strengthen the Avalanche DeFi ecosystem. By offering sophisticated tranching mechanisms, including a well-protected senior tranche, we're not just enhancing liquidity provision; we're creating a magnet for larger institutional players. Our focus is on catalyzing a DeFi flywheel effect, fostering a dynamic, resilient financial landscape on Avalanche, and setting the stage for the next phase of growth in decentralized finance.”

Following the August 2023 launch, Struct saw a 129% increase in TVL in its first week, making it one of the fastest-growing Avalanche DeFi platforms of 2023. Struct recently launched its Trader Joe Autopools, where new vaults combine the efficiency of automated liquidity management with the precision of structured finance, offering a novel approach to DeFi investments. Further, Struct also leverages GMX's Liquidity Provider Token (GLP) to generate predictable yields in the form of fixed and variable returns for users.

Struct also has a leaderboard, where users can find the top traders on the platform by points, which may lead to a potential airdrop and an upcoming IDO through Avalaunch.

Its soon to launch platform “Struct Factory” will allow investors to craft their structured financial products on-chain according to their unique needs. These custom products will not only serve their creators but be available for others, fostering a more inclusive and adaptable financial environment. This innovative feature will allow traders to design interest-rate products using assets like USDC, BTC.b, AVAX, or WETH while providing backtesting support.

To get started using Struct, visit here.

About Struct Finance

Struct Finance is a DeFi platform offering tailored structured financial products to cater to the distinct risk-return profiles of retail and institutional investors. Their innovative tranching mechanism, the first in their planned lineup of product offerings, enables diverse investment opportunities across a wide array of markets through interest rate vaults.

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About Avalanche

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