Binance Labs, the venture arm of Binance, has announced its latest investment in Thena, a decentralized exchange (DEX) on the BNB Chain.
What Is Thena
Launched in January 2023, Thena quickly gained user attention with its unique ve(3,3) tokenomics model. The platform aims to become the "SuperApp" of DeFi by offering a variety of products for diverse user needs. Key features of THENA include a DEX for digital asset trading and earning, ALPHA for leveraged trading, ARENA as a gamified social trading platform, and WARP, an upcoming project launchpad.
Why Binance Labs Chose Thena
The investment in Thena was driven by its innovative liquidity management approach and user-centric design. Alex Odagiu, Investment Director at Binance Labs, described Thena as a key player in the next growth wave of DeFi. Thena's unique model addresses various liquidity needs, making it a valuable partner for DeFi protocols.
The ve(3,3) Tokenomics
At the core of Thena's success is its ve(3,3) tokenomics model, which incentivizes long-term participation and liquidity provision. Users can lock their $THE tokens for up to two years in exchange for veTHE, granting them voting power and access to platform-generated revenue. veTHE holders earn 90% of trading fees and 10% of voting incentives, creating a positive feedback loop for all ecosystem participants.
Thena envisions itself as a decentralized alternative to centralized exchanges with accessible user solutions. The company aims to onboard mass users and offer a CEX-grade experience, making DeFi accessible to everyone.
