Struct Finance, the DeFi platform on Avalanche, experiences a remarkable 129% TVL surge, becoming the fastest-growing with $3.9 million in funding secured.
- Struct Finance’s TVL on Avalanche surged over 129% in a week, going from $350,820 to $800,000, with 57,553 AVAX tokens locked in.
- In less than a month, Struct Finance became the fastest-growing DeFi platform on Avalanche, ranking first for one-day and seven-day TVL gains.
- The platform offers a tranching mechanism, Interest Rate Vaults, and options catering to different risk levels for investors.
What do you get when you mix DeFi magic, a rocket-powered TVL, and Avalanche’s native token AVAX? Struct Finance, the new rockstar on the DeFi stage! In just a month, these geniuses have stormed the market, snatching the title of the fastest-growing DeFi platform on Avalanche. With $3.9 million in funding, innovative features, and options that cater to risk-takers and chill-pill investors alike, it’s no wonder they’ve soared over 129% in TVL and are giving Benqi and Aave a run for their money. Hold on to your hats, folks; we’re about to embark on a wild DeFi ride!
Stuff is happening… on @avax 🔺
DefiDog is expanding his smol brain to other chains. #BTC.B is making 🌊 ‘s over there and it’s caught me 👀
— DefiDog 🍌 (@ArbiAlpha) July 15, 2023
A DeFi Tale of Avalanche Adventures….
Picture this: You’re strolling through the bustling world of DeFi, and suddenly, like a lightning bolt, Struct Finance appears out of thin air, causing TVL meters to go bonkers! In less time than it takes to microwave popcorn, they’ve climbed to the top, becoming the quickest-growing platform on Avalanche. It’s like watching a DeFi rocket take off, and we’re all sitting in the cockpit, eyes wide and hearts pounding!
But wait, let’s pause and take a breather. What exactly is Struct Finance, and what’s with all this TVL frenzy? Well, imagine you’re at a candy store with mountains of candy jars. Now, Struct Finance is like a wizard who divides those jars into different segments, each offering unique flavors. You can pick a stable but average flavor, or you can go wild and risk trying something extraordinary! Decisions, decisions!
Decoding the Magic of Struct Finance….
So, what makes Struct Finance so enchanting? It’s their brilliant tranching mechanism! No, it’s not a Harry Potter spell; it’s a way to slice and dice the risk of yield-bearing assets. Think of it like a pizza that’s divided into slices, but each slice has different toppings (risk levels). Whether you’re a “play it safe” Sally or a “let’s roll the dice” Danny, there’s a slice for everyone!
But that’s not all; they’ve got Interest Rate Vaults up their sleeves. Sounds fancy, huh? Well, it’s like having a treasure chest that promises predictable returns. So, when the market goes bonkers like a rollercoaster, you can still sip on your steady returns, just like enjoying a root beer float on a lazy summer day!
Now, here’s where things get crazier than a rodeo bull! Their Total Value Locked (TVL) surged by over 129%, jumping from a humble $350,820 to an eye-popping $800,000 in just one week. It’s like they rode an avalanche of AVAX tokens, skyrocketing from 25,800 AVAX to 57,553 AVAX! What a wild, wild ride!
Hold on, though! Despite their epic TVL leap, they’re sitting pretty at the 34th spot in Avalanche’s platform ranking. But hey, give them a break; they’re the new kid on the block. They’ve got some catching up to do with the cool kids, Benqi and Aave, flaunting TVLs of $232 million and $214 million, respectively. But I believe in our DeFi wizard; they’ll charm their way to the top in no time!
Here’s the cherry on top! During a funding round that would put a dragon’s hoard to shame, they secured $3.9 million from big shots like Blizzard Fund, Bison Fund, and other heavyweights in the Avalanche realm. With such backing, it’s no wonder they’ve got their broomsticks revved up for success!
To Sum it All Up….
There you have it, folks! Struct Finance is the DeFi rocket that’s blasting off to the moon and beyond. With its ingenious tranching mechanism, Interest Rate Vaults, and a ton of AVAX tokens in their magic hat, they’ve emerged as the fastest-growing DeFi platform on Avalanche. So, hold on to your wizard hats, because this DeFi tale is far from over. Let’s ride the wave, cheer on the underdog, and see where this rocket takes us. Struct Finance, keep casting those spells of innovation, and let’s make some DeFi magic together!