Binance Labs Supports Thena: A New Milestone in DeFi

user avatar

by Giorgi Kostiuk

2 years ago

Binance Labs, the venture capital arm of Binance, has announced its latest investment in Thena, a decentralized exchange and liquidity protocol on the BNB Chain. Let's take a closer look at what Thena is and why it attracted the attention of Binance Labs.

What is Thena

Launched in January 2023, Thena quickly gained popularity thanks to its unique ve(3,3) tokenomics model. This approach optimizes liquidity and incentivizes participation, setting it apart from other decentralized exchanges. The platform aims to become a 'SuperApp' of DeFi, offering a comprehensive suite of products catering to various user needs.

This approach aims to optimize liquidity and incentivize participation, distinguishing Thena from other decentralized exchanges.

Why Binance Labs Chose Thena

The decision to invest in Thena was driven by 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. Thena's unique model allows it to meet various liquidity needs, including stablecoins and tokenized assets.

Thena as a key player in the next wave of DeFi growth.Alex Odagiu

Thena's Ecosystem and Community

Thena has dedicated a significant portion of its tokens to ecosystem growth and community participation. 44% of its initial token supply was distributed through airdrops to users and projects. Additionally, 25% was allocated to grants for supporting innovation, and 18% was reserved for the team to ensure long-term involvement.

Binance Labs' investment in Thena highlights its importance in the DeFi sector. The unique ve(3,3) tokenomics model and pragmatic approach to liquidity create conditions for further growth and innovation in the industry.

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

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Uniswap Proposes Protocol Fee Rollout to Circles Arc Blockchain

Uniswap Labs has introduced a proposal to extend its protocol fee collection and UNI burn infrastructure to the Arc blockchain.

user avatarAyman Ben Youssef

Aave V4 Now Live on Circle's Arc Blockchain

Aave V4 has officially launched on Circle's newly established Arc blockchain, featuring key assets such as USDC, EURC, cirBTC, and WETH.

user avatarTando Nkube

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.