Thruster Finance, a decentralized exchange protocol built on the Ethereum Layer 2 network Blast, has raised $7.5 million in a seed funding round.
Thruster began raising funds for the seed round in late February, just a week before Blast's mainnet launch on Feb. 29, and quickly closed the round last month, 0xFri, a pseudonymous contributor to Thruster told The Block. Blast is described as the first Ethereum Layer 2 network with native yield. Its yield comes from ether staking and real-world asset tokenization protocols. The yield from these protocols is passed back to Blast users automatically. The default interest rate on Blast is 3.7% for ETH and 13% for stablecoins, according to Blast's website. Blast currently has a TVL of $1.4 billion, per DeFiLlama data.
They went on to say that Thruster's developers and growth team have contributed to several top 50 protocols before, without giving specific details given the team's pseudonymity.
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