Struct Finance Joins Avalanche Rush with $1M Incentive Program

Struct Finance, a leading structured finance protocol on Avalanche C-Chain, has announced its participation in the Avalanche Rush Program, a liquidity mining initiative that aims to boost the growth and adoption of DeFi on Avalanche. Struct Finance will receive up to $1M in $AVAX tokens from the Avalanche Foundation to reward its users and incentivize new ones to join the platform.

What is Struct Finance?

Struct Finance is a protocol that offers users interest rate vaults and a tranching mechanism that allows them to access fixed- and variable-yield products while diversifying yield-bearing products into distinct tranches, each tailored to different strategies. Struct Finance enables users to create and customize structured financial products that are usually reserved for institutions, such as collateralized debt obligations (CDOs), collateralized loan obligations (CLOs), and asset-backed securities (ABS).

Struct Finance leverages the scalability, security, and low fees of Avalanche C-Chain, a smart contract chain that is compatible with Ethereum Virtual Machine (EVM) and supports Solidity and other Ethereum tooling. Struct Finance also integrates with other Avalanche-native DeFi protocols, such as GMX, Trader Joe, and Avalaunch, to provide users with more options and opportunities to earn yields and rewards.

What is Avalanche Rush?

Avalanche Rush is a liquidity mining incentive program that was launched in summer 2021 by the Avalanche Foundation, the non-profit organization that supports the development and growth of the Avalanche ecosystem. Avalanche Rush introduces blue-chip DeFi applications and assets to Avalanche and helps to elevate Avalanche-native DeFi protocols. Past participants include Curve Finance, Aave, Trader Joe, GMX, Benqi, KyberSwap, and Dexalot.

Avalanche Rush reflects the Avalanche Foundation’s commitment to advancing DeFi while creating a more accessible, decentralized, and cost-effective Avalanche ecosystem. Avalanche is a high-performance, open-source platform for decentralized applications and custom blockchain networks. Avalanche supports thousands of validators, millions of transactions per second, and sub-second finality, while being compatible with major blockchain networks and standards.

What are the benefits of joining Avalanche Rush?

By joining Avalanche Rush, Struct Finance will be able to attract more users and liquidity to its platform, as well as increase its exposure and recognition in the DeFi space. Struct Finance users will be able to earn $AVAX tokens on top of the existing yields and rewards from the platform, as well as enjoy the benefits of using Avalanche, such as fast transactions, low fees, and interoperability with other chains and protocols.

Struct Finance co-founder Ersin Dalkali said, “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.”

Luigi D’Onorio DeMeo, Senior Director of BD and Head of DeFi at Ava Labs, the team behind Avalanche, said, “Struct Finance joining Avalanche Rush is a huge step toward a more inclusive DeFi ecosystem on Avalanche. 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.”

What are the next steps for Struct Finance?

Struct Finance has been growing rapidly since its launch in August 2023, seeing a 129% increase in TVL in its first week, making it one of the fastest-growing Avalanche DeFi platforms of 2023. Struct Finance 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 Finance also leverages GMX’s Liquidity Provider Token (GLP) to generate predictable yields in the form of fixed and variable returns for users.

Struct Finance 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, a launchpad platform for Avalanche projects.

Struct Finance is also preparing to launch its Struct Factory, a platform that will allow investors to craft their own 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.

Struct Finance is one of the most innovative and exciting DeFi protocols on Avalanche, offering users a new way to access and create structured financial products that are normally out of reach for most people. With the support of the Avalanche Foundation and the Avalanche Rush Program, Struct Finance is poised to become a leading player in the Avalanche DeFi ecosystem and beyond.

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