In the decentralized finance (DeFi) market, innovation and creativity are key factors that help platforms attract and retain users. THENA, a decentralized exchange (DEX) built on the BNB Chain and opBNB, is a prime example of the combination of advanced technology and innovative products, aiming to provide the best trading experiences for the DeFi community. So, what is THENA? Let's explore the Liquidity Layer on the BNB Chain through the following article!
What is THENA (THE)? Exploring the Liquidity Layer on the BNB Chain
What is THENA?
THENA is a comprehensive opBNB and BNB Chain cryptocurrency trading ecosystem, including a spot DEX, a perpetual DEX (ALPHA), a social trading hub (ARENA), and an upcoming launchpad (WARP).
THENA's homepage
This ecosystem focuses on simplifying the user onboarding process, providing access to a diverse range of financial products, and building a modular liquidity layer for partners. THENA aims to become the DeFi "super app" platform, providing a centralized-like experience with a high degree of decentralization. It supports various types of transactions, including cross-chain trading and passive income features.
Distinctive Features of THENA
THENA's ve(3,3) tokenomics model is one of the project's standout features, combining the rebase mechanism from Olympus DAO and the vote-escrowed model of Curve. The primary goal of this model is to ensure long-term protocol stability, encourage decentralized governance, and enhance sustainable community participation.
The veTHE operating model
Within the THENA ecosystem, the THE token is the primary BEP-20 token, responsible for maintaining liquidity and driving governance. Users can receive veTHE, the vote-escrowed version of the THE token, by locking THE for up to 2 years. The longer the lock-up period, the more veTHE they receive, which translates to greater voting power and rewards. However, the veTHE balance will gradually decrease over time to encourage long-term participation and flexible distribution.
veTHE holders can vote for liquidity pools (gauges) to receive up to 90% of the trading fees and 100% of the protocol incentives. They also receive rewards from the weekly rebase mechanism, protecting the value of their investment. Voting takes place on a 7-day cycle, with rewards distributed after each epoch. Users only receive rewards from the pools they have voted for, so regular voting participation is necessary, unless using optimization tools. Votes can be changed or reset after each epoch.
THENA's Features
THENA Spot DEX
The operating model of THENA Spot DEX
On the THENA platform, users can trade hundreds of asset pairs with competitive trading fees and low slippage, thanks to the advanced routing technology from ODOS and the ORBS Liquidity Hub. THENA also provides various liquidity pools suitable for different assets and strategies, including:
- Classic AMM: Traditional pools for uncorrelated asset pairs.
- Stable AMM: Stable pools for correlated or pegged asset pairs.
- FUSION: Concentrated liquidity pools that automatically combine centralized AMMs like Algebra with partners like ALM, DefiEdge, and ICHI.
- Manual CLAMM: Concentrated liquidity pools that allow providers to adjust the price range.
Users can also earn passive income by providing liquidity and staking LP tokens to receive THE tokens, or simply provide liquidity to earn trading fees.
ALPHA Perpetual DEX
The operating model of ALPHA Perpetual DEX
ALPHA Perpetual DEX allows trading of over 270 cryptocurrency pairs with up to 60x leverage. The "Intent-Based" model connects DeFi users with liquidity providers (Hedgers) in a decentralized manner. The AMFQ tool combines the order book and AMM, optimizing capital. ALPHA uses cross-margin accounts to offset losses and reduce liquidation risk. Funding fees will be applied in the future to balance the perpetual contract price and the spot price.
ARENA Social Hub
ARENA is a social platform for trading competitions, providing a gamified experience and supporting partners in creating competitions without the need for licensing, applicable to both spot and trading. It benefits multiple parties: traders earn rewards for trading performance, partner projects enhance liquidity and brand recognition, and KOLs expand their influence and earn from the community.
Other Features
- THENA IDs: A naming service that allows replacing wallet addresses with custom names within the ecosystem.
- theNFT Collection: An NFT collection that provides revenue sharing from trading fees and royalties.
- WARP Launchpad: A platform to support the launch of new projects (expected to be implemented in the future).
Basic Information about THE Token
Technical Specifications of THE Token
Token Name | THENA |
Ticker | THE BNB Chain: 0xF4C8E32EaDEC4BFe97E0F595AdD0f4450a863a11 opBNB: 0x9d94a7ff461e83f161c8c040e78557e31d8cba72 BEP-20 233,085,887 THE 310,000,000 THE 55,131,121 THE : 19% : 25% : 9% : 25% : 18% : 4%
THE Token Vesting Schedule
- : THE token is used as , incentivizing users to provide liquidity on the platform.
- : Users can lock THE to receive , a governance token, to vote and contribute to protocol development decisions.
- : veTHE holders are entitled to receive 90% of transaction fees and 10% of voting rewards from the protocols.
- : The longer the locking period, the higher the veTHE received, increasing voting power and rewards.
Currently, investors can buy and sell THE token on the following exchanges:
: , , Binance.
: , THENA.
THENA Project Roadmap
<2023>
- Concentrated liquidity
- Limit and TWAP
- Perpetual dEX
- THE liquidity hub
- On-chain market making
- Single token vaults
- New branding and UI
- THE smart wallet
- ARENA V1
- ALPHA V0.X on opBNB
- THENA V3
- Cross-chain voting
- THE card and Fiat off-ramp
- WARP launchpad platform
- THE Ambassador program
- THENA R&D
- THENA VIP
- ALPHA V1
- THE club
THENA Core Team
- : He is passionate about DeFi and an expert in tokenomics, starting as a Web3 advisor in 2020 and aiming to build a community-connected system.
- <0xApollo (CMO and Co-founder)>: He is a DeFi expert with over 10 years of experience, passionate about knowledge exploration and innovation.
- : He has effective organizational skills and stands out in DeFi community management.
- : He combines banking experience and ancient economic knowledge to drive innovation in DeFi.
- : He is a smart contract expert, focusing on security and driving technological progress for the community.
- : He comprehensively develops the THENA system and was an early contributor to the ecosystem.
- : He is a expert with experience founding and advising many projects, providing clear strategies for the team.
THENA Investors. Source: crypto-fundraising
In December 2023, Thena raised $600,000 through a strategic funding round from the ORBS investment fund.
The above is all the information about the THENA project. Coin68 hopes that readers will understand the basic information about the project to make their own investment decisions. Wish you successful investments!
: The information in the article is not considered investment advice, Coin68 is not responsible for any of your investment decisions. Wish you success and make a lot of profits from this promising market.
|
