Struct Finance nets $3.9M in seed round, eyes structured DeFi products

Struct Finance has closed a $3.9 million seed round in a funding campaign that attracted twenty four investor companies.

The protocol said the funding round attracted 24 companies, including Avalanche’s 200 Million Blizzard Fund. Others in this strong group of backers included Antler, Woodstock, Lancer Capital, Finality Capital Partners, Avalaunch, FBG Capital, Bixin Ventures, Infinity Ventures Crypto, AVentures Dao, QCP Capital, Bison Fund, and Keychain Capita.

Struct also received backing from Double Peak, Lucidblue, MC Ventures, 0xVentures, SCC Investments, Zokyo, and Wintermute.

Helping build structured products on DeFi

Struct Finance, which is built on the smart contracts blockchain Avalanche, says it will use the funds to create and offer structured decentralised finance products.

Struct hopes its tools can help address some of the challenges DeFi users currently face when looking to create structured products.  

One of these is the static nature of the various derivative instruments in the market, which essentially means investors have only one option- to take or leave the products on offer. But with Struct Finance tools, investors can leverage on-chain flexibility.

With the tools, both institutional and retail DeFi users can tap into the ecosystem via processes that make it easy to customise, compose, and invest in products tailored to suit their specific needs.

For example, users can adapt products to their risk profile, type of investment assets and market expectations, Struct said in a press announcement.

According to Struct, access to interest rate instruments and options will allow investors a chance to create superior financial products that offer high yields.

The protocol's tools will first launch on Avalanche before rolling out to other blockchains within the DeFi ecosystem.