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<p>Thruster Finance, a decentralized exchange that is working on the Layer 2 storage installed in Ethereum called Blast, just has raised $7.5 million in seed funding, which now is going to bring about a new stage of increase and innovation. The fundraising event, spearheaded by Pantera Capital, was a big turning point for Thruster, as it boosted the startup’s valuation to an estimated $70 million. The investment knocked in billions from multiple participants which included OKX Ventures, Mirana Ventures, Paradise Capital, Manifold Ventures and Arche Fund, the latter formerly known as Coin98 Ventures.&nbsp;</p>
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   <p lang="en" dir="ltr">We’re excited to announce a seed round led by <a href="https://twitter.com/PanteraCapital?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@panteracapital</a> to help power yield-first DeFi!<br><br>The round saw strategic participation from <a href="https://twitter.com/OKX_Ventures?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@okx_ventures</a>, <a href="https://twitter.com/mirana?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@mirana</a>, <a href="https://twitter.com/paraficapital?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@paraficapital</a>, <a href="https://twitter.com/DewhalesCapital?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@dewhalescapital</a>, <a href="https://twitter.com/ManifoldTrading?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@manifoldtrading</a>, founders and backers across the <a href="https://twitter.com/Blast_L2?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@Blast_l2</a> eco, amongst others. <a href="https://t.co/skdD0rsSAv" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/skdD0rsSAv</a></p>— Thruster (@ThrusterFi) <a href="https://twitter.com/ThrusterFi/status/1780946789325033739?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">April 18, 2024</a>
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<p>With angel investors like Santiago Santos from Frax, Sam Kazemian from Stacked, TN Lee from Pendle, Alex Lin from Stacked, Kratik Lodha from Renzo, and Georgios Vlachos from Axelar among others participating in the round, we are confident about the impact this funding round is going to make. The funding arrangements encompassed a primarily SAFE structure and token warrants, proving a straightforward indication of strong investor confidence in the Thruster Company.</p>
<h2 class="wp-block-heading" id="expansive-growth-and-mentions-of-strategy">Expansive growth and mentions of strategy</h2>
<p>Thruster, the newest product launched in March on the newly adopted Blast platform, has gained hundreds of thousands of users and become the leading DeFi protocol on Ethereum Layer 2 after just three months. Within just two months of the blockchain platform Thruster’s rise, the amount of active users has already exceeded 100,000 and the trading volume is close to $2 billion. A platform has a total value locked (TVL) in the amount of $320 million, according to information on the DeFiLlama site. The Thruster DEX gets its appeal in that users of the DeFi community, who would mainly be looking for services that offer high returns and reliable services, have found it to fit the kind of service that most of them would want.</p>
<p>First, Thruster has capitalized on market demands by offering provisions of deep liquidity that serve to provide agility for the Blast-native assets. Second, the portal is designed in such a way that it is tailored to suit the needs of Blast-native assets and in the process optimizing their fair market prices. The DEX is very competitive to other DEXs in terms of asset diversity, or the amount of assets available for trade, and liquidity which denotes the ability to carry out instantaneous exchange of large volumes of resources at corresponding values without a potential impact on the market.</p>
<h2 class="wp-block-heading" id="enhancing-the-crypto-ecosystem">Enhancing the crypto ecosystem</h2>
<p>Thrustex’s strategic plan would definitely be the addition of a bigger engineering crew and enhancing the platform to duplicate the function and user experience of the centralized platforms. It is achieved by making the structure of decentralized platforms easy to understand and use which works as a means of stimulating wider adoption. The instrument’s primary principle of this system is to ensure that the platform earns higher liquidity providers and, as a result, remains a prime choice for traders and investors who are just into maximizing their yields in the crypto market.</p>
<p>In addition, the company’s roadmap involves networking with more new partners, building profitable collaborations, and expanding it across DeFi, NFTFi, and other sectors. The integrations to such leaders of De-Fi protocols As well as liquidity provisioning to these protocols are anticipated to enable Thruster to take a leadership position in this field by integrating Thruster’s products and liquidity into the other top protocols. Here cooperative vision boosts the functionality in general and makes the DeFi network innovative and agile.</p>
<p>A revamp and expansion of Thrusters’s strategic planning, as well as the CEO’s farsighted vision, reflect the industry’s readiness to embrace the emerging area of decentralized finance. The latest capital infusion, together with its aggressive development ideas, lends a hint that Thruster is on the fast-paced path of exceptional growth and disruptive innovation, with the ultimate aim of changing the way cryptocurrencies are regulated and managed in the decentralized ecosystem. While the cryptocurrency ecosystem continues to evolve, we can expect that those structures will be the ones that put yield, liquidity, and user experience front of the line in their future dealings.</p>

Thruster Finance Secures $7.5M in Seed Funding to Boost DeFi Innovations

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