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

US Treasury Acts Against MEXC Global for Illegal Transactions.

The US Treasury's FinCEN has issued a measure prohibiting US financial institutions from processing transfers involving MEXC Global due to $16 billion in illicit transactions linked to sanctions evasion and cybercrime.

user avatarSatoshi Nakamura

Yaroch's Theft Compromises Investigations and Raises Security Concerns

Yaroch's fraudulent activities compromised investigations and raised security concerns regarding cryptocurrency managed by government agencies.

user avatarJesper Sørensen

Former FBI Agent Admits to Stealing $25 Million in Cryptocurrency

Former FBI agent Patrick Steven Yaroch pleaded guilty to stealing nearly $25 million in cryptocurrency from federal investigations, compromising sensitive operations.

user avatarRajesh Kumar

Labor Department Submits Crypto Retirement Rule for Review

The Labor Department's proposal includes guidelines for evaluating cryptocurrencies as investment options.

user avatarLucas Weissmann

Political Opposition to Crypto in Retirement Plans

Lawmakers express concerns over the risks of including cryptocurrencies in retirement savings.

user avatarEmily Carter

Trump Administration Proposes Crypto Inclusion in Retirement Plans

The US Department of Labor has proposed a regulatory framework to include cryptocurrencies in 401k plans, potentially opening a $10 trillion retirement market, pending White House approval.

user avatarFilippo Romano

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.