Author: OKX Ventures
OKX Ventures, the investment arm of OKX, a leading global Web3 technology company, announced a strategic investment in Thruster, the largest dAPP on Blast. Thruster is not only a liquidity center for excellent builders, yield seekers, and traders on Blast, but also one of the fastest growing DeFi protocols. According to on-chain data, within a month of its launch on March 1, Thruster has attracted more than 100,000 users, deposited more than $300 million, and traded about $2 billion.
Thruster's seed round totaled $7.5 million, led by Pantera Capital, with participation from industry leaders and investment institutions including OKX Ventures, Mirana Ventures, ParaFi Capital, Manifold Ventures, Arche Ventures, and angel investors including Santiago R. Santos, Frax founder Sam Kazemian, Pendle founder TN Lee, Stacked founder Alex Lin, Renzo founder Kratik Lodha, Axelar founder Georgios Vlachos, Metastreet founder David Choi, Omega/Juice founder Eric Ryklin and Dingaling.
Thruster builds a liquidity center by integrating into the best teams and their platforms. On the one hand, by integrating with protocols such as Juice, Particle, Wasabi, Hyperlock, etc., it ensures that liquidity providers get greater utility and benefits; on the other hand, by increasing order depth, it provides better execution for traders on Thruster. In addition, Thruster is currently integrated with top Ethereum DeFi protocols such as Renzo, Kelp and Frax, and plans to integrate more high-quality protocols in the future.
0xFri, a contributor to Thruster Finance, said: “We are excited to work with OKX Ventures and the OKX Web3 ecosystem to bring our vision of composable yield-first DeFi to market. This financing will help us continue to work with leading builders to integrate Thruster products and liquidity into other top protocols such as DeFi, NFTFi, etc.”
Jeff Ren, Partner at OKX Ventures, said: “We are pleased to support Thruster and work together to promote the development of DeFi within the Blast ecosystem. This round of investment reflects our commitment to supporting pioneering projects and innovative teams. Thruster’s emphasis on yield optimization and partnership integration provides an excellent case for the future of DeFi, and we look forward to continuing to work with Blast and its ecosystem projects.”
About Thruster
Thruster is a decentralized financial protocol that is building a liquidity center for the Blast ecosystem, through which developers and users can maximize returns and conduct deep transactions on the chain. Thruster works closely with leading Blast protocols, large liquidity providers and investors. Since its launch, Thruster has been used by more than 100,000 independent wallets and deposited nearly $300 million.
About OKX Ventures
OKX Ventures is the investment arm of OKX, a leading global crypto exchage and Web3 technology company, with an initial capital of $100 million. It focuses on exploring the best blockchain projects worldwide, promoting the healthy development of the global blockchain industry by supporting cutting-edge blockchain technology innovation, and investing in long-term structural value. OKX Ventures will provide global resources and experience support to entrepreneurs and projects that contribute to the development of the blockchain industry.
