Innovative Thena Attracts Investment from Binance Labs with Unique Model

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 (DEX) and liquidity protocol operating on the BNB Chain.

What is Thena

Launched in January 2023, Thena quickly gained traction among users, thanks to its unique ve(3,3) tokenomics model. The platform offers a comprehensive suite of products, including the spot DEX THENA, the perpetual DEX ALPHA, the gamified social trading platform ARENA, and the upcoming launchpad WARP.

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. Its model allows it to meet various liquidity needs, including stablecoins and tokenized assets.

The ve(3,3) Tokenomics

At the heart 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 for voting and access to platform revenue. veTHE can be traded on secondary markets, ensuring flexibility and engagement.

Thena aims to become a decentralized alternative to centralized exchanges, offering a range of features to make DeFi accessible for both beginners and experienced users.

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

Apex Group Joins Hedera Council to Enhance Governance in Digital Assets

Apex Group has joined the Hedera Council to enhance governance in digital assets and explore tokenization initiatives.

user avatarZainab Kamara

American Securities Association Raises Concerns for Retail Investors in CFTC Case

The American Securities Association (ASA) has filed a motion in federal court emphasizing the potential harm to retail investors in the ongoing legal battle over single-stock perpetuals.

user avatarSon Min-ho

PNC Bank Introduces Pilot Program for USDC Payments

PNC Bank has launched a pilot program for eligible clients to receive Ethereum-based USDC payments, automatically converted to US dollars.

user avatarAyman Ben Youssef

Circle and Global Citizen to Implement USDC Payments for Move Afrika Vendors

Circle and Global Citizen announce a partnership to implement USDC payments for vendors involved in the Move Afrika initiative, starting in Rwanda in 2027.

user avatarTando Nkube

Fold Focuses on Customer Retention with New Products

Fold focuses on customer retention and balances with new products like Fold Reserve and Lead Bank spending accounts.

user avatarNguyen Van Long

Onramp Introduces New Business Bitcoin Account with Enhanced Security Features

Onramp has launched a new business Bitcoin account focusing on security and governance, supporting up to three named users and role-based permissions.

user avatarKofi Adjeman

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.