Binance Labs Backs Thena: An Innovative Platform on the BNB Chain

user avatar

by Giorgi Kostiuk

2 years ago

Binance Labs, the venture arm of Binance, announced its latest investment in Thena, a decentralized exchange and liquidity protocol on the BNB Chain. Let's explore what Thena is and why it's generating so much buzz.

What Is Thena?

Launched in January 2023, Thena is a relatively new entrant in the DeFi space, quickly gaining traction due to its unique ve(3,3) tokenomics model. This approach optimizes liquidity and incentivizes user participation, setting Thena apart from other decentralized exchanges. The platform aims to become the "SuperApp" of DeFi by offering a comprehensive suite of products that cater to a wide range of user needs. Key features of Thena include a spot DEX for digital asset swaps, a social trading platform, and an upcoming launchpad for new projects.

Why Binance Labs Chose Thena

The decision to invest in Thena comes from its innovative liquidity management approach and user-centric design. Alex Odagiu, Investment Director at Binance Labs, described Thena as a crucial player in the next wave of DeFi growth. Thena's flexible model attracts a diverse user base by meeting various liquidity needs, including stablecoins and tokenized real-world assets.

The ve(3,3) Tokenomics

At the heart of Thena’s success is its ve(3,3) tokenomics model, which incentivizes long-term participation and liquidity provision. Key aspects include:

* Governance via veTHE: Users can lock their $THE tokens for up to two years to receive veTHE, an ERC-721 governance token, providing voting power and access to platform-generated revenue. * Revenue Sharing: veTHE holders earn 90% of the platform's trading fees and 10% of the voting incentives deposited by protocols. * Flexibility: veTHE tokens can be increased, split, or sold on secondary markets, ensuring liquidity and engagement.

Thena aims to become a decentralized alternative to centralized exchanges, offering a robust yet user-friendly ecosystem for users. The platform makes DeFi accessible to both beginners and experienced users, focusing on mass user onboarding and a CEX-grade experience.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

SEC Updates Cryptoassets FAQ with New Governance Questions

On November 2, 2026, the SEC Division of Corporation Finance added new questions to its cryptoassets FAQ, addressing governance through foundations and organizations, control over participation, and the distinction between functional and decentralized networks.

user avatarDiego Alvarez

Chainalysis Reports Security Incident Affecting Customer Data

Chainalysis reported a security incident on October 30 that impacted a subset of customer-related information, including names and email addresses.

user avatarKenji Takahashi

Hong Kong Launches Postquantum Cryptography Toolkit

On November 2, the Hong Kong Monetary Authority and the Hong Kong University of Science and Technology launched a postquantum cryptography assessment toolkit to help banks identify necessary upgrades to their cryptographic systems as quantum computing evolves.

user avatarMaria Fernandez

NYSE Partners with Major Firms for Tokenized Securities Initiative

On November 2, the New York Stock Exchange announced partnerships with Broadridge, Computershare, Equiniti, and Superstate to support a proposed tokenized securities venue aimed at enhancing infrastructure and improving market operations.

user avatarGustavo Mendoza

BTCPay Servers 247 Release Addresses Security Vulnerabilities

The latest release of BTCPay Servers, version 247, includes critical security fixes to enhance security for businesses operating their own Bitcoin payment servers.

user avatarRajesh Kumar

Aave Freezes tBTC Supply and Borrowing Amid Threshold's Pause

Aave contributors announced a freeze on additional tBTC supply and borrowing in its Ethereum Core market following Threshold's temporary pause of the token's mint and redeem functions.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.