Binance Labs, the venture arm of Binance, has announced its investment in Thena, a decentralized exchange and liquidity protocol on the BNB Chain.
What Is Thena?
Launched in January 2023, Thena is a newcomer in the DeFi space. It has quickly gained traction thanks to its unique ve(3,3) tokenomics model, which optimizes liquidity and incentivizes user participation. The platform offers a range of products including a DEX for digital asset swaps and passive income, and an upcoming launchpad for new projects.
Why Binance Labs Chose Thena
The investment in Thena is based on its innovative approach to liquidity management and user-centric design. Alex Odagiu, Investment Director at Binance Labs, described Thena as a crucial player in the next wave of DeFi growth.
The ve(3,3) Tokenomics
At the core 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 for up to two years to receive veTHE, allowing them governance rights and access to platform revenue. 90% of the trading fees are distributed to veTHE holders, creating a self-sustaining ecosystem beneficial to all stakeholders.
Thena aims to become a decentralized alternative to centralized exchanges, offering a user-friendly and comprehensive ecosystem. Its development plan focuses on mass user onboarding and providing a CEX-grade experience.
