Thruster Finance: How It Works, Who’s Involved, and What’s Next

Thruster Finance is ready to ride: $7.5M seed raise and other interstellar news. Hey, DeFi starship! Fasten your seatbelts, I have some hot news for you: Thruster Finance is launching. And what a launch, with some $7.5 million raised in seed!

Backed by big-time investors like Pantera Capital and supported by a crew of other heavyweight VCs,

Thruster is gearing up to shake things up even more. Let’s dive into what’s going on and why you should care!

What’s Thruster Finance All About?

Thruster finance is a decentralized exchange or DEX for short. A DEX is a place where you can trade various crypto tokens without an intermediary.

The magic of Thruster is that it’s built to make you money while you’re doing your trading. They’ve set things up to prioritize yield (fancy word for returns on your investments), so you can get the best bang for your buck.

Plus, it’s all on the Blast network, which is fast, cheap, and really good at handling lots of transactions without breaking a sweat.

Players Behind the Curtain

Now, you might be wondering who’s fueling this rocket. Well, aside from Pantera Capital (they’re kind of a big deal in crypto), Thruster’s all-star investor lineup includes names like OKX Ventures, Mirana Ventures, and ParaFi Capital.

Oh, and let’s not get ahead of ourselves; angels more like: Santiago Santos and Sam Kazemian and a bunch of tech stars are throwing their weight behind Thruster.

The project now has a 70M valuation. High on moonshots, right? But let me tell you this: Thruster is just getting started, and it’s going to be a spectacular flight!

Thruster’s Meteoric Rise

Launched in March, Thruster Finance has already locked in over $320 million in total value and boasts a user base of more than 100,000 DeFi fanatics.

That’s not just impressive—it’s astronomical. Thruster has quickly become the second-largest DeFi protocol on the Blast network (think of Blast as the high-speed freeway Thruster is cruising on).

But don’t get too comfy; Thruster’s only just getting started, and things are about to get a whole lot more exciting!

Features of Thruster Finance

Here’s where things get really interesting. Thruster is packed with features that make it a go-to platform for anyone serious about DeFi. Let me break it down for you.

1. Native Yield

Thruster is all about yield—basically, the returns you get from your investments.

By using USDB (Blast’s native stablecoin) and ETHB (Blast’s version of Ethereum), Thruster recycles yield back into its system, so you can earn more while doing less.

It’s also just like making an income while you sleep, which definitely everybody may get in the back of.

2. High Velocity, DeFi-Friendly Capital

This is the cool part, Thruster isn’t just fast it’s DeFi friendly.

It allows you to maximize liquidity and make fast trades without the slower capital movement associated with traditional tokens.

Put more simply, the project is designed for ease of use, you spend less time waiting on your crypto and more working within it.

3. Builder Alignment

Thruster also seems to be very supportive of DeFi builders, those who are building new features and projects behind the scenes.

They offer rewards and incentives for anyone building on the platform. It’s like a big, happy family where everyone wins.

4. Strong Backers

We noted that before, board members created fund opportunities for thruster node folks

These people not only bring dollars, but they also deliver industry experience, introductions, and credibility. Like getting The Avengers to back your start-ups—it´s kind of like that.

5. Why We’re Building on Blast

Why Blast? Blast has Speed, scalability, and low fees while being super safe.

Building On Blast was a no-brainer for Thruster Deciding on the right solution is kind of like setting up your car for a race — it needs to be fast, trustworthy, and actually get you where you want to go without blowing an engine.

Thruster Finance’s Products

And if you thought that was all Thuster did … it is not a one-trick pony. They have a range of products that allow you to trade, and make earnings in DeFi, even more fun (and profitable)

1. X*Y / v2 AMM

This is the classic Automated Market Maker (AMM) model, where trades are based on a formula that keeps liquidity balanced. It’s like setting up a trade station where buyers and sellers always find what they need.

2. CL AMM

This creates an even more efficient returns model for the user, allowing them to number their investments down into price ranges in order to obtain better yields.

What you are doing is laser-targeting your investments instead of using a shotgun approach.

3. Stableswap AMM

This one’s for stablecoins—tokens that don’t fluctuate much in value. The Stableswap AMM is built for swapping these tokens with minimal slippage (basically, the price stays steady), making it perfect for users who value stability over high risk.

4. Thruster Treasure

So, here is where it gets really interesting. The Thruster Treasure is a lottery-style incentive that rewards you just for using the platform.

There is one draw per week and if you are lucky enough, you can win part of the yield produced. It is essentially free money for simply taking part in something — what’s not to like?

Incentives

In addition to the fun and games, Thruster’s got a ton of incentives to keep users engaged and rewarded.

1. Blast Points

Earn Blast Points just for using the platform. Whether you’re making swaps or providing liquidity, these points rack up and can be used for all sorts of goodies.

2. Blast Gold

For the high-rollers out there, Blast Gold is an exclusive reward for reaching certain milestones. It’s like leveling up in a video game—you get better rewards the more you play.

3. Blast Gold Contract & Operator

This is the behind-the-scenes system that makes sure all the rewards are distributed fairly. Think of it like the conductor of an orchestra, making sure everything runs smoothly.

4. Blast Yield

With Blast Yield, Thruster ensures that users earn sustainable returns through smart liquidity strategies. You can think of it as a way to make sure your investments keep working for you over time.

Informational Aspects

Thruster Spaceport: Why Build With Us

If you’re a developer looking for a platform to build on, Thruster Spaceport is your launchpad.

They have all kinds of point multipliers and a very large liquidity provision which is only that low because so far there are not many projects taking advantage of it and offering them access to their huge user base.

In the business world, it is a bit like opening in the downtown city center — you have steady foot traffic and customers.

Audit & Security

Worried about security? Don’t be. Finalist Thruster has undergone an in-depth third-party audit and implements real-time monitoring of all trading activity.

They are doing what they can to ensure your assets remain secure so that you may explore the endless possibilities of the DeFi universe.

Risks

Certainly, being a part of any DeFi project does carry some danger…. Market risk, smart contract bugs, potential issues with liquidity duh!!

Thanks to a legion of heavy hitters behind Thruster and their solid infrastructure, they have taken steps to mitigate these risks as much as humanely possible.

User Guide

Making Swaps

Ready to dive in? Here’s how to make your first swap on Thruster:

Connect Your Wallet: This is the first step. Link your crypto wallet to the platform.
Select Your Tokens: Choose the tokens you want to trade, and the platform will give you a breakdown of prices and returns.
Confirm and Execute: Hit “Swap” and voilà, you’re done! Quick and easy.

Adding V2 Liquidity

Want to provide liquidity? Here’s the play-by-play:

Select Your Pool: Pick a pool that looks good to you.
Approve Tokens: Give Thruster the go-ahead to use your tokens.
Provide Liquidity: Confirm the amount, sit back, and watch your yields grow!

Adding V3 Liquidity

Feeling adventurous? V3 Liquidity is a bit more focused:

Choose Your Range: Pick a price range for your liquidity.
Provide Your Liquidity: Add your tokens within that range.
Earn: Enjoy those sweet, sweet yields!

Thruster’s Vision for the Future

With its significant seed funding and innovative features, Thruster Finance is poised to make a major impact in the DeFi ecosystem.

The platform’s focus on enhancing user engagement through features like StableSwap, Thruster Treasure, and Thruster Credits demonstrates its commitment to providing a rewarding and dynamic DeFi experience.

Strategic Expansion: Thruster Finance is gearing up for an exciting phase of growth. With plans to forge strategic alliances and expand its offerings, the platform is set to solidify its status as a leading player in the DeFi cosmos.
User-Centric Approach: Thruster’s dedication to improving user experience is evident in its UI/UX enhancements and gamified features. By prioritizing user satisfaction and engagement, Thruster aims to create a DeFi platform that is both innovative and accessible.
Community Engagement: Thruster Finance recognizes the importance of community involvement in its success. Through initiatives like Thruster Credits and Thruster Treasure, the platform fosters a strong and active user base, rewarding participation and

Conclusion

To wrap things up, Thruster Finance is a platform that’s doing more than just blasting off with its $7.5 million seed raise. It’s loaded with features designed to make your DeFi journey smoother, faster, and, well, more rewarding.

With Native Yield, you’re earning while you sleep, thanks to their unique system recycling yield with USDB and ETHB.

The High-Velocity Capital makes sure your trades and liquidity are lightning-quick, leaving no room for slow, frustrating waits.

If you’re a builder, Thruster’s Builder Alignment has your back with incentives and rewards, making it feel like a family where everyone wins.

And let’s not forget, Thruster’s Strong Backers bring serious industry cred and support, like having your very own crypto Avengers.

Building on Blast was a no-brainer—speed, security, and low fees make it the perfect match for Thruster’s goals.

their X*Y AMM, CL AMM, and StableSwap AMM products, you can trade with precision and stability, while Thruster Treasure adds a bit of fun with its lottery-style incentives.

The cherry on top? The platform’s unique rewards system, from Blast Points to Blast Gold, keeps users engaged and coming back for more.

Thruster Finance is not just aiming for the moon—it’s building a whole galaxy where you can thrive in the DeFi space.

FAQS

What is Thruster Finance?

Thruster Finance is a decentralized exchange (DEX) that allows users to trade crypto tokens without intermediaries. It prioritizes yield, offering users the potential to earn returns while trading.

Who are the key investors behind Thruster Finance?

Thruster Finance is backed by major investors like Pantera Capital, OKX Ventures, Mirana Ventures, and ParaFi Capital. Additionally, influential individuals like Santiago Santos and Sam Kazemian also support the project.

What are the standout features of Thruster Finance?

Key features include Native Yield for maximizing returns, high-speed capital movement, builder-friendly incentives, and strong backing from experienced investors. It also operates on the Blast network for fast, low-cost transactions.

How does Thruster Finance reward users?

Thruster Finance offers multiple incentives, including Blast Points for platform activities, Blast Gold for high achievers, and Thruster Treasure, a lottery-style reward system.

What is Thruster Finance’s future vision?

With significant funding and strategic partnerships, Thruster Finance plans to expand its offerings, enhance user engagement through gamified features, and establish itself as a leading player in the DeFi space.