Thruster is a decentralized exchange (DEX) operating on the Blast network. The project boasts notable achievements, such as winning Blast's Big Bang hackathon and securing a Total Value Locked (TVL) of $380 million (ranking second in the ecosystem).
With a user-friendly interface and a familiar DeFi model, Thruster is a fork of Uniswap V2 and Uniswap V3, making it accessible to seasoned DeFi participants.
How Thruster Works
Thruster currently offers two versions: Thruster V2 and Thruster V3, each featuring distinct liquidity provision models.
Thruster V2
Forked from Uniswap V2, Thruster V2 employs a liquidity provision model ranging from zero to positive infinity. Key advantages include:
- Simplified liquidity addition
- Reduced Impermanent Loss risks
However, compared to CLMM models, Thruster V2 has limitations:
- Lower capital efficiency for volatile token pairs
At the time of writing, Thruster V2 supports 20 trading pairs. Notably, â…“ of trading fees from Thruster V2 pools convert into Blast Points, Blast Gold, and Credits, which are later airdropped to users.
How to Add Liquidity on Thruster V2:
- Navigate to Thruster's platform.
- Select Analytics > Create Position.
- Switch to Thruster V2 mode (top-right).
- Choose token pairs and fee tiers.
👉 Learn more about Uniswap V2 models
Thruster V3
As a fork of Uniswap V3, Thruster V3 uses the Concentrated Liquidity Market Maker (CLMM) model, allowing liquidity providers (LPs) to optimize profits by specifying price ranges.
Drawbacks of Thruster V3:
- Higher Impermanent Loss risk if prices exit specified ranges.
- Suboptimal for highly volatile token pairs.
How to Add Liquidity on Thruster V3:
- On Thruster’s homepage, click Analytics > Create Position.
- Select token pairs, fee tiers, and price ranges.
👉 Deep dive into Uniswap V3 mechanics
Thruster Tokenomics
Thruster has not yet launched a native token. Updates will follow upon official announcements.
Thruster Roadmap & Updates
Key milestones include:
- Big Bang Hackathon win (2024)
- $380M TVL milestone
- Strategic partnerships with Blast, Renzo, etc.
Team, Investors & Partners
Team
The Thruster team remains anonymous.
Investors
Thruster raised $7.5M+ across two funding rounds, backed by prominent crypto VCs.
Partners
Notable partners: Blast, Renzo, and other leading DeFi projects.
Alternatives to Thruster
Similar DEX projects:
- Uniswap
- PancakeSwap
- SushiSwap
FAQs
Q1: Is Thruster safe to use?
A: Thruster’s fork of audited Uniswap code and its high TVL suggest robust security. Always verify contracts before interacting.
Q2: How do I earn Blast Points on Thruster?
A: Provide liquidity in Thruster V2 pools—⅓ of trading fees convert to Blast Points.
Q3: When will Thruster launch its token?
A: No official date yet. Follow Thruster’s social media for updates.
Q4: What makes Thruster V3 different from V2?
A: V3 uses CLMM for higher capital efficiency but carries greater Impermanent Loss risks.