Binance Labs has announced its investment in Thena, a decentralized exchange and liquidity protocol on the BNB Chain. Thena offers innovative tokenomics and a wide range of products for users.
What Is Thena?
Launched in January 2023, Thena quickly gained traction thanks to its unique ve(3,3) tokenomics model. The platform aims to become a 'SuperApp' of DeFi, offering comprehensive products including a spot DEX for asset swaps, a perpetual DEX for leveraged trading, a gamified social trading platform, and an upcoming launchpad for new projects.
Why Binance Labs Chose Thena
The decision to invest was driven by Thena's innovative approach to liquidity management and user-centric design. According to Alex Odagiu, Investment Director at Binance Labs, Thena is set to be a key player in the next wave of DeFi growth, offering flexibility for 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, incentivizing long-term participation and liquidity provision. Users can lock their $THE tokens to receive veTHE, an ERC-721 governance token, granting them voting rights and a share of the platform's revenue.
Thena aims to be a decentralized alternative to centralized exchanges, offering a user-friendly experience comparable to traditional CEXs with full governance and liquidity support.
