Struct

Struct.fi operates as a decentralized finance (DeFi) protocol, providing tools and infrastructure for creating and investing in on-chain structured products. The company was founded in 2021 by Louis Ng, Miguel Depaz, and Ersin Dalkali and is headquartered in Singapore. The founding team met during the Antler Singapore program, receiving pre-seed funding after validating their business concept. In March 2022, Struct Finance secured $3.9 million in a seed funding round with participation from 24 investors, including Antler, Avalaunch, and Wintermute, to further develop its platform.

The core of Struct's business is to decentralize structured finance, aiming to connect the needs of both institutional and retail investors with a supply of off-chain and real-world assets. The protocol addresses challenges in the DeFi space, such as volatile returns and capital inefficiency, by allowing users to customize interest rate instruments and combine them with options to create sophisticated financial products. This is achieved through a process called tranching, which divides yield-bearing assets into different classes or 'tranches' with distinct risk-return profiles. This mechanism allows risk-averse investors to opt for a fixed, predictable yield, while others can choose leveraged exposure with the potential for amplified returns.

Struct Finance primarily serves DeFi investors, both retail and institutional, who are looking for more advanced and customizable investment strategies than what is typically available. The platform operates on the Avalanche network with plans to expand to other EVM-compatible chains, enhancing its cross-chain capabilities. By providing liquidity to other protocols, Struct aims to create a more robust and efficient DeFi ecosystem. The business model involves creating liquid markets by unlocking collateral, converting illiquid assets into tradable securities, and broadening funding options through diverse instruments. Recently, the company introduced Auto-Pool Vaults, which merge automated liquidity management with structured finance to offer a range of tranches with varied risk-reward profiles.

Keywords: decentralized finance, DeFi, structured products, tranching, yield-bearing assets, interest rate vaults, Avalanche network, institutional investors, retail investors, on-chain assets, fixed yield, variable yield, liquidity provision, cross-chain solution, crypto structured products, asset tokenization, financial instruments, Auto-Pool Vaults, risk management, capital efficiency