Thruster (THRUST): An Advanced AMM for the Blast Ecosystem
The world of Ethereum (ETH) Layer 2 chains has plenty of solutions offering minuscule fees, excellent scalability and nearly instant transactions. Seemingly countless sidechains, rollups and other types of Layer 2 networks servicing the Ethereum blockchain have been launched in recent years. However, many, if not most, of these chains struggle to offer anything beyond low fees and fast transaction processing capacity. While these benefits are nothing short of remarkable — especially considering Ethereum's never-ending network congestion issues — the innovation in this area needs to move beyond another platform offering the same cost and speed advantages.
The arrival of the Blast (BLAST) Layer 2 blockchain in early 2024 was a refreshing change — finally, an Ethereum Layer 2 solution that provides something more than just cost and speed efficiencies. Blast is known as a unique Layer 2 chain that offers native yields for ETH and stablecoins, a feature that has attracted significant capital and decentralized finance (DeFi) actors to the platform. Leveraging Blast's unique capabilities and popularity in DeFi, the Thruster Finance decentralized exchange (DEX) was launched on Blast’s blockchain in March 2024.
Thruster offers both the tried-and-tested automated market maker (AMM) model and a more advanced AMM model derived from the Uniswap (UNI) v3–inspired concentrated liquidity provision. Despite offering sophisticated options for token swaps and liquidity provision, Thruster aims to be as beginner-friendly as possible for traders, liquidity providers (LPs) and developers. It has also tightly integrated Blast's own loyalty programs — Blast Gold and Blast Points.
Key Takeaways:
Thruster Finance (THRUST) is a DEX on the Blast Layer 2 network that features standard (constant factor) and concentrated liquidity AMM swap pools.
Among the key advantages of Thruster are a beginner-friendly interface mode, flexible fee tiers for pools and a range of additional rewards — Blast Gold, Blast Points and Thruster Credits.
The app's native crypto token, THRUST, can be staked to obtain veTHRUST, which entitles holders to a share of revenues from protocol fees, additional bonuses for liquidity provision, voting rewards and participation in the platform's governance processes.