Thruster is a DeFi financial service platform that uses blockchain technology. It was started to create an open, accessible financial system. It helps users with its tools for lending, borrowing, and investing. It operates without traditional intermediaries to make financial services more independent and transparent. Let’s learn more about Thruster Finance.
Description
Access global investments and RoI with Thruster Finance, blending smart contracts and DeFi assets.
Key Facts
- Thruster Finance supports numerous blockchain networks.
- The platform offers liquidity mining opportunities.
- Users can stake various tokens to receive additional rewards.
- Thruster Finance uses advanced algorithms to optimize yield farming and staking results.
- The platform offers integrated risk management tools to deal with market volatility.
Exploring Thruster Finance
Evolution and Launch
- Thruster Finance surfaced as part of the DeFi to address traditional financial system drawbacks. It was launched after extensive development and testing in Q2-2022 and started building its communities and partnerships. In Q3-2022, it began its lending and borrowing services. In Q4-2022, it expanded its operations and offered additional features and assets.
Purpose and Vision
- Thruster Finance is keen to enhance financial accessibility and efficiency by utilizing the DeFi concept. Thruster Finance eliminated central authorities and intermediaries and supported smart contract automation. Hence, it ensures user control over their assets and reduces dependence on traditional banks and conventional financial systems.
Features
- Users can lend digital assets and earn interest supported by smart contracts.
- The users can borrow assets by offering collateral securities.
- It supports yield farming and staking.
- It eases liquidity pools for users who are contributing their liquid assets to generate rewards.
- It supports multiple blockchains and networks. Hence, it eases interoperability.
- Regular audits and reviews are conducted targeting loopholes.
Benefits
- Reduces reliance on intermediaries at lower fees.
- Available to users globally
- Supports multiple income opportunities from lending, staking, and liquidity.
- Smart contract, encryption, blockchain transaction records and technology, Etc., provides high security and transparency.
- Token holders (voters) can mold their proposals/decisions.
Lending and Borrowing in the Finance Horizon
- Disintermediation, decentralization, improved efficiency, lower transaction costs, innovative investment opportunities, the DeFi ecosystem’s growth, opportunities for financial stability, automated processes, and risk management tools are the vital features supported by Thruster Finance.
Associations with Cryptocurrencies
- Thruster Finance integrates Wrapped Bitcoin (WBTC, ERC-20 token symbolizing Bitcoin) for lending, borrowing, staking, and investments.
- for lending, staking, and liquidity pools within Thruster Finance, Wrapped Ethereum (WETH, ERC-20 token for Ether) can be utilized.
- It eases Cryptocurrency Investments by supporting USDC for stable collateral lending, trading, liquidity, and reduces volatility.
- DAI (a DeFi stablecoin by MakerDAO) is supported by Thruster Finance as an alternative to traditional stablecoins.
- THRUST (THU, native utility token) is used for governance, staking, and distributing rewards within the platform.
- BLAST (another native token) is used for governance and RoI in the form of rewards within the platform.
Social Media Links
(https://discord.com/invite/thrusterfi)
User Guide(https://docs.thruster.finance/user-guide/making-swaps)
BLAST(https://docs.thruster.finance/incentives/blast-incentives)
Points(https://docs.thruster.finance/incentives/thruster-points-credits)
X*Y(https://docs.thruster.finance/products/x-y-v2-amm)
CL-AMM(https://docs.thruster.finance/products/cl-amm)
Stableswap(https://docs.thruster.finance/products/stableswap-amm)
Treasure(https://docs.thruster.finance/products/thruster-treasure)
Conclusion:
It allows crypto asset management to optimize users’ portfolios and generate passive income. However, it is volatile, and RoI does fluctuate, leading to losses! Smart contracts’ vulnerabilities, evolving regulations, and uncertain government regulations still affect Thruster Finance’s(https://pitchbook.com/profiles/company/594310-51#overview) operations.
