Binance Labs, the venture capital arm of Binance, has announced its latest investment in Thena, a decentralized exchange on the BNB Chain. This move signifies Binance's growing interest in innovation in the DeFi space.
What Is Thena?
Launched in January 2023, Thena is quickly gaining traction among users due to its unique ve(3,3) tokenomics model. The platform offers a comprehensive suite of products, including a spot DEX for earning passive income, leveraged trading, and a gamified social trading platform.
Why Binance Labs Chose Thena
Binance Labs chose Thena for its innovative approach to liquidity management and user-centric design. Alex Odagiu, Investment Director at Binance Labs, highlighted Thena as a key player in the next wave of DeFi growth. The platform addresses 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. Users can lock their $THE tokens to receive veTHE, providing voting power and revenue shares. This creates a positive feedback loop beneficial to all stakeholders.
Through Thena, Binance Labs aims to support the future of decentralized finance, enhancing the accessibility and usability of DeFi for a broader range of users.
