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Binance Labs Backs Thena: Decentralized Exchange on BNB Chain

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by A1

3 days ago


Binance Labs has announced an investment in Thena, a decentralized exchange and liquidity protocol on the BNB Chain. Thena offers a unique ve(3,3) tokenomics model that supports growth in DeFi.

What Is Thena?

Launched in January 2023, Thena is a newcomer in the DeFi space but has gained popularity due to its unique ve(3,3) model. The platform aims to become the 'SuperApp' of DeFi, offering a variety of products like the spot DEX THENA, perpetual DEX ALPHA with leveraged trading, social trading arena ARENA, and the upcoming launchpad WARP.

Why Binance Labs Chose Thena

The decision to invest in Thena is linked to its innovative approach to liquidity management and user-centric design. Alex Odagiu, Investment Director at Binance Labs, identifies Thena as a key player in the new wave of DeFi growth, thanks to its ability to attract a diverse user base and meet various liquidity needs.

The ve(3,3) Tokenomics

Thena’s success is driven by its ve(3,3) tokenomics model that incentivizes long-term participation and liquidity provision. Through the governance token veTHE, users can vote and earn revenue from the platform. veTHE holders receive 90% of trading fees and 10% of voting incentives deposited by protocols.

Thena aims to be a decentralized alternative to centralized exchanges, offering a wide range of services and simplifying access to DeFi for both beginners and experienced users.

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