Binance Labs, the venture arm of Binance, announced its investment in Thena, a decentralized exchange and liquidity protocol on the BNB Chain.
What Is Thena?
Launched in January 2023, Thena has quickly gained traction in the DeFi space due to its unique ve(3,3) tokenomics model, optimizing liquidity and incentivizing user participation. The platform aims to become the 'SuperApp' of DeFi, offering a comprehensive suite of products for diverse user needs. Key features include THENA (spot DEX for digital asset swaps), ALPHA (platform for leveraged trading), ARENA (gamified social trading platform), and WARP (upcoming launchpad for new projects).
Why Binance Labs Chose Thena
The decision to invest in Thena stems from its innovative approach to liquidity management and user-centric design. Alex Odagiu, Investment Director at Binance Labs, described Thena as a key player in the next wave of DeFi growth, highlighting the platform's focus on creating a seamless user experience and its ability to attract a diverse user base.
The ve(3,3) Tokenomics
At the heart of Thena’s success is its ve(3,3) tokenomics model, incentivizing 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, granting them 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 donated by protocols. ● Flexibility: veTHE tokens can be increased, split, or sold on secondary markets, ensuring liquidity and engagement. This model fosters a positive feedback loop, benefiting all stakeholders.
Thena envisions itself as a decentralized alternative to centralized exchanges, providing a user-friendly ecosystem aimed at mass user onboarding and improved experience. Its focus on inclusivity and innovation makes it a significant player in the DeFi market.
