What is Thruster Finance?

Beginner11/5/2024, 7:52:03 AM
Thruster Finance enhances the decentralized finance offering a user-friendly interface, yield opportunities, and flexible liquidity tools. With a focus on simplicity, liquidity management, and token launches.

Thruster Finance is a Blast network-based decentralized exchange that allows users to maximize their returns. It offers users to trade crypto, earn yields, and provide liquidity. Its fair launch mechanics and token management tools provide users unique yield opportunities, liquidity pools, social features, and an intuitive trading interface, making it an attractive choice for return seekers.

What Thruster Finance Can Do

Thruster Finance enhances the decentralized finance experience by offering a user-friendly interface, yield opportunities, and flexible liquidity pools. Focusing on simplicity, liquidity management, and token launches, It creates a comprehensive Dex platform for users and developers alike.

  • Trade Easier: Thruster simplifies trading by offering a reliable AMM DEX with intuitive UI improvements, making it easier for users to manage on-chain transactions.
  • Earn Yield: Users can earn yield through Thruster’s liquidity tools, benefiting from integrations and yield mechanisms for LPs.
  • Fair Launch Tokens: Thruster provides access to new tokens through Blast-native launchpads, allowing users to trade, farm, and earn fees on exciting token opportunities.
  • Maximize Returns: Harness the power of multiple liquidity pools, leverage, and collateral strategies to optimize returns, making Thruster’s pools versatile and composable for various strategies.

Thruster Finance App

The Thruster Finance App offers a streamlined decentralized finance (DeFi) experience, providing tools for swapping, analytics, portfolio, and stakes.

Swap

Exchange one token for another directly on the platform through its Automated Market Maker (AMM). Users can seamlessly swap tokens using the liquidity pools available, benefiting from lower slippage and deep liquidity.

Stake

Users can stake their THRUST token to earn veTHRUST as a reward. They can choose a preferred staking duration, but users can earn more rewards by staking longer and larger amounts. Additionally, as a veTHRUST holder, users gain benefits such as earning fees, voting on emissions, and much more.

Analytics

Analytics tools in Thruster Finance allow in-depth analysis of liquidity pools, providing insights into pool performance, fees, APR, and TVL. Users can examine pool information on top external analytic tools such as DexScreener and GeckoTerminal.

Portfolio

The Portfolio feature in Thruster Finance allows users to track and manage their assets across liquidity pools. It provides an overview of token balances, yield earned, and the performance of staked or pooled assets.

Core Features of Thruster Finance?

Thruster Finance is built to streamline the user experience and maximize earning potential for liquidity providers. By integrating advanced Automated Market Maker (AMM) features, yield opportunities, and a fair token launch system, Thruster simplifies complex Dex interactions.

Automated Market Makers (AMM)

AMM allows users to make on-chain trades without any third party or order books. This approach mitigates inefficiencies and manipulation common in longer-tail assets and high-latency chains. Thruster Finance supports various AMM types, including full range (xy=k), concentrated liquidity (CL), and stableswap, allowing traders to access liquidity easily while liquidity providers earn fees on deposited positions.

Degen First UI & UX

Thruster Finance sets itself apart with a user interface designed to reduce complexity for both beginners and pros. The platform minimizes the typical noise found in other DeFi protocols, offering a cleaner and more intuitive experience. It features both “lite” and “pro” modes to cater to different user needs. The lite mode provides enhanced AMM trading interfaces with integrated price charts, social features, and critical token information. The pro mode includes additional tools for token discovery, active order flow, and leverage integration through partners.

Blast Native Yield Flywheels

Thruster Finance has Blast’s unique ability to generate yield from ETH and USD stablecoins that are otherwise trapped in bridges. Blast accomplishes this by depositing bridged ETH into Lido and USD stablecoins into Maker’s sDAI product. This functionality allows Dapp deployers to claim earnings earned on ETH and USD deposited in their contracts. This simple functionality opens up a wealth of opportunities for builders.

Constant Factor AMM

Thruster Finance, like Uniswap, allows users to control their pooled assets and supports diverse asset pairs with automated fee mechanisms for LPs. However, Thruster stands out with added fee tiers and coin deployment specifically designed for Blast-native teams, enhancing the value proposition for liquidity providers. Unlike Uniswap’s fixed swap fee of 0.3%, Thruster offers flexible fee options, allowing pool creators to tailor fee structures to better suit their liquidity needs. This flexibility strengthens Thruster’s appeal in the AMM space.

Concentrated Liquidity AMM

Concentrated liquidity AMM is also heavily inspired by Uniswap V3, which allows liquidity providers to focus their assets within specific price ranges, enhancing liquidity at popular levels and reducing slippage for traders. This gives liquidity providers flexibility to target popular price points and higher fee potential where transaction volumes are high. It also allows multiple positions in one pool, mimicking order book strategies, while traders still benefit from AMM’s automated swapping features. This flexibility makes concentrated liquidity highly adaptable to varying market conditions and user preferences.

Thruster Finance Incentives

Thruster Finance offers incentives to boost engagement and value within its platform, particularly for liquidity providers, traders, and developers. Currently, the platforms offer Blast Point, Blast Gold and Thruster Credit as incentives.

Blast Incentives

The Blast Point is for users ETH/USDB, while Blast Gold is for protocols built on Blast, who can then distribute the Gold to users.

Blast Point

Blast Points are distributed by the Blast Protocol to holders of ETH/WETH or USDB. When users transfer ETH/USD into smart contracts, those contracts earn points based on their balance over time. Thruster Finance, as a part of the Blast ecosystem, also receives these points and distributes them to its users, particularly to liquidity providers (LPs) and pools. This system enhances incentives for LPs on the platform, promoting deeper liquidity and greater engagement.

Blast Gold

Blast distributes Blast Gold as an incentive to promote long-term growth within its ecosystem. Thruster Finance, a recipient of Blast Gold, will allocate it to eligible users who contribute value to the platform. The goal of Blast Gold is to promote organic, sustainable growth by rewarding participants who engage positively with the ecosystem while avoiding activities like wash trading or market manipulation. Thruster Finance uses Blast Gold to enhance the user experience and support long-term protocol development. The distribution of Blast Gold depends on various factors, such as time-weighted TVL, total value and fee generated. The closer the users are to these factors, the higher Blast Gold each user will get.

Thruster Points (Credits)

Thruster Credit is for protocol liquidity providers and traders; it is like a VIP pass for protocol users. Like Blast Point, it is also user-centric to empower loyal users and offer them unique rewards. The core pillars of Thruster Credits are transparency, dynamic distribution, and composability. There are four different types of credit, and not all credits are created equal; liquidity Credits are weighted the highest.

  • Liquidity Credits: Users can earn this credit by providing liquidity in V2 or V3 pools on Thruster Finance. The reward is based on liquidity provided in the pool and duration. The higher the liquidity amount and duration, the more credits users will earn.
  • Trading Credits: Swaping crypto on Thruster Finance can allow users to earn credit. The credit amount depends on trading volume, meaning the more users trade, the more credits they can expect to earn.
  • Referral Credits: Thruster Finance allows users to earn a share of Thruster Credits through its referral program. When referrals engage with the platform and generate credits, the user (you) also receives a portion of their earnings. The more users share referral links and bring people into Thruster Finance, the more credits users can accumulate.
  • Social Credits: Active ambassadors will be awarded Credits for their contributions. Ambassadors are early contributors to the Thruster protocol, focused on community, marketing, and growth efforts.

Audit & Security on Thruster Finance

Thruster Finance’s Automated Market Maker (AMM) contract has been audited three times by Code4rena, Sparkware and Peckshield, with no medium or higher issues found in the AMM code. Additionally, the gauge contracts were audited by Halborn, further ensuring the security of the platform. The contracts have also been peer-reviewed by trusted technical partners and founder friends, adding another layer of inspection to the platform’s integrity.

Conclusion

Thruster Finance is designed with a user, liquidity provider, and developer-centric approach, ensuring the platform offers fair rewards and a seamless experience. Its core focus is creating a balanced ecosystem where users can easily engage with trading and yield opportunities, liquidity providers can optimize their returns, and developers have the tools to build and innovate.

Author: Abhishek Rajbhar
Translator: Cedar
Reviewer(s): Piccolo、Matheus
Translation Reviewer(s): Ashely
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.

What is Thruster Finance?

Beginner11/5/2024, 7:52:03 AM
Thruster Finance enhances the decentralized finance offering a user-friendly interface, yield opportunities, and flexible liquidity tools. With a focus on simplicity, liquidity management, and token launches.

Thruster Finance is a Blast network-based decentralized exchange that allows users to maximize their returns. It offers users to trade crypto, earn yields, and provide liquidity. Its fair launch mechanics and token management tools provide users unique yield opportunities, liquidity pools, social features, and an intuitive trading interface, making it an attractive choice for return seekers.

What Thruster Finance Can Do

Thruster Finance enhances the decentralized finance experience by offering a user-friendly interface, yield opportunities, and flexible liquidity pools. Focusing on simplicity, liquidity management, and token launches, It creates a comprehensive Dex platform for users and developers alike.

  • Trade Easier: Thruster simplifies trading by offering a reliable AMM DEX with intuitive UI improvements, making it easier for users to manage on-chain transactions.
  • Earn Yield: Users can earn yield through Thruster’s liquidity tools, benefiting from integrations and yield mechanisms for LPs.
  • Fair Launch Tokens: Thruster provides access to new tokens through Blast-native launchpads, allowing users to trade, farm, and earn fees on exciting token opportunities.
  • Maximize Returns: Harness the power of multiple liquidity pools, leverage, and collateral strategies to optimize returns, making Thruster’s pools versatile and composable for various strategies.

Thruster Finance App

The Thruster Finance App offers a streamlined decentralized finance (DeFi) experience, providing tools for swapping, analytics, portfolio, and stakes.

Swap

Exchange one token for another directly on the platform through its Automated Market Maker (AMM). Users can seamlessly swap tokens using the liquidity pools available, benefiting from lower slippage and deep liquidity.

Stake

Users can stake their THRUST token to earn veTHRUST as a reward. They can choose a preferred staking duration, but users can earn more rewards by staking longer and larger amounts. Additionally, as a veTHRUST holder, users gain benefits such as earning fees, voting on emissions, and much more.

Analytics

Analytics tools in Thruster Finance allow in-depth analysis of liquidity pools, providing insights into pool performance, fees, APR, and TVL. Users can examine pool information on top external analytic tools such as DexScreener and GeckoTerminal.

Portfolio

The Portfolio feature in Thruster Finance allows users to track and manage their assets across liquidity pools. It provides an overview of token balances, yield earned, and the performance of staked or pooled assets.

Core Features of Thruster Finance?

Thruster Finance is built to streamline the user experience and maximize earning potential for liquidity providers. By integrating advanced Automated Market Maker (AMM) features, yield opportunities, and a fair token launch system, Thruster simplifies complex Dex interactions.

Automated Market Makers (AMM)

AMM allows users to make on-chain trades without any third party or order books. This approach mitigates inefficiencies and manipulation common in longer-tail assets and high-latency chains. Thruster Finance supports various AMM types, including full range (xy=k), concentrated liquidity (CL), and stableswap, allowing traders to access liquidity easily while liquidity providers earn fees on deposited positions.

Degen First UI & UX

Thruster Finance sets itself apart with a user interface designed to reduce complexity for both beginners and pros. The platform minimizes the typical noise found in other DeFi protocols, offering a cleaner and more intuitive experience. It features both “lite” and “pro” modes to cater to different user needs. The lite mode provides enhanced AMM trading interfaces with integrated price charts, social features, and critical token information. The pro mode includes additional tools for token discovery, active order flow, and leverage integration through partners.

Blast Native Yield Flywheels

Thruster Finance has Blast’s unique ability to generate yield from ETH and USD stablecoins that are otherwise trapped in bridges. Blast accomplishes this by depositing bridged ETH into Lido and USD stablecoins into Maker’s sDAI product. This functionality allows Dapp deployers to claim earnings earned on ETH and USD deposited in their contracts. This simple functionality opens up a wealth of opportunities for builders.

Constant Factor AMM

Thruster Finance, like Uniswap, allows users to control their pooled assets and supports diverse asset pairs with automated fee mechanisms for LPs. However, Thruster stands out with added fee tiers and coin deployment specifically designed for Blast-native teams, enhancing the value proposition for liquidity providers. Unlike Uniswap’s fixed swap fee of 0.3%, Thruster offers flexible fee options, allowing pool creators to tailor fee structures to better suit their liquidity needs. This flexibility strengthens Thruster’s appeal in the AMM space.

Concentrated Liquidity AMM

Concentrated liquidity AMM is also heavily inspired by Uniswap V3, which allows liquidity providers to focus their assets within specific price ranges, enhancing liquidity at popular levels and reducing slippage for traders. This gives liquidity providers flexibility to target popular price points and higher fee potential where transaction volumes are high. It also allows multiple positions in one pool, mimicking order book strategies, while traders still benefit from AMM’s automated swapping features. This flexibility makes concentrated liquidity highly adaptable to varying market conditions and user preferences.

Thruster Finance Incentives

Thruster Finance offers incentives to boost engagement and value within its platform, particularly for liquidity providers, traders, and developers. Currently, the platforms offer Blast Point, Blast Gold and Thruster Credit as incentives.

Blast Incentives

The Blast Point is for users ETH/USDB, while Blast Gold is for protocols built on Blast, who can then distribute the Gold to users.

Blast Point

Blast Points are distributed by the Blast Protocol to holders of ETH/WETH or USDB. When users transfer ETH/USD into smart contracts, those contracts earn points based on their balance over time. Thruster Finance, as a part of the Blast ecosystem, also receives these points and distributes them to its users, particularly to liquidity providers (LPs) and pools. This system enhances incentives for LPs on the platform, promoting deeper liquidity and greater engagement.

Blast Gold

Blast distributes Blast Gold as an incentive to promote long-term growth within its ecosystem. Thruster Finance, a recipient of Blast Gold, will allocate it to eligible users who contribute value to the platform. The goal of Blast Gold is to promote organic, sustainable growth by rewarding participants who engage positively with the ecosystem while avoiding activities like wash trading or market manipulation. Thruster Finance uses Blast Gold to enhance the user experience and support long-term protocol development. The distribution of Blast Gold depends on various factors, such as time-weighted TVL, total value and fee generated. The closer the users are to these factors, the higher Blast Gold each user will get.

Thruster Points (Credits)

Thruster Credit is for protocol liquidity providers and traders; it is like a VIP pass for protocol users. Like Blast Point, it is also user-centric to empower loyal users and offer them unique rewards. The core pillars of Thruster Credits are transparency, dynamic distribution, and composability. There are four different types of credit, and not all credits are created equal; liquidity Credits are weighted the highest.

  • Liquidity Credits: Users can earn this credit by providing liquidity in V2 or V3 pools on Thruster Finance. The reward is based on liquidity provided in the pool and duration. The higher the liquidity amount and duration, the more credits users will earn.
  • Trading Credits: Swaping crypto on Thruster Finance can allow users to earn credit. The credit amount depends on trading volume, meaning the more users trade, the more credits they can expect to earn.
  • Referral Credits: Thruster Finance allows users to earn a share of Thruster Credits through its referral program. When referrals engage with the platform and generate credits, the user (you) also receives a portion of their earnings. The more users share referral links and bring people into Thruster Finance, the more credits users can accumulate.
  • Social Credits: Active ambassadors will be awarded Credits for their contributions. Ambassadors are early contributors to the Thruster protocol, focused on community, marketing, and growth efforts.

Audit & Security on Thruster Finance

Thruster Finance’s Automated Market Maker (AMM) contract has been audited three times by Code4rena, Sparkware and Peckshield, with no medium or higher issues found in the AMM code. Additionally, the gauge contracts were audited by Halborn, further ensuring the security of the platform. The contracts have also been peer-reviewed by trusted technical partners and founder friends, adding another layer of inspection to the platform’s integrity.

Conclusion

Thruster Finance is designed with a user, liquidity provider, and developer-centric approach, ensuring the platform offers fair rewards and a seamless experience. Its core focus is creating a balanced ecosystem where users can easily engage with trading and yield opportunities, liquidity providers can optimize their returns, and developers have the tools to build and innovate.

Author: Abhishek Rajbhar
Translator: Cedar
Reviewer(s): Piccolo、Matheus
Translation Reviewer(s): Ashely
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.
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