1. What is Thena (THE)?
Thena (THE) is a decentralized exchange (DEX) and liquidity platform operating on the BNB Chain and opBNB. It simplifies token swaps, cross-chain transfers, and liquidity management, creating a seamless experience for DeFi users.
Vision
Thena aims to revolutionize decentralized finance by becoming the ultimate “SuperApp” for on-chain users, delivering a seamless, CEX-grade experience in a fully decentralized environment.
The platform’s vision extends beyond trading, positioning itself as the most adaptable liquidity layer in the ecosystem. Thena is built to address a wide range of liquidity needs for its partners, including stablecoins, liquid staking tokens (LSTs), tokenized real-world assets (RWAs), memecoins, AI tokens, and more.
2. Thena Ecosystem
THE Spot DEX
Thena’s Spot DEX offers users fast, low-cost swaps across a wide range of digital assets. Powered by ODOS routing technology, it ensures optimal trades with minimal slippage through Thena’s liquidity pools, all within a secure and user-friendly interface.
The platform also integrates the ORBS Liquidity Hub, an advanced optimization layer that taps into external liquidity sources for better price execution and reduced price impact. If external sources cannot provide a better rate, trades seamlessly default to Thena’s AMM contracts for execution.
ALPHA: The Perpetual DEX
ALPHA is a cutting-edge perpetual DEX created by Thena, offering up to 60x leverage on 150+ crypto assets.
The platform features the Automated Market For Quotes (AMFQ) engine, blending order books and AMMs for better capital efficiency. With isolated counterparty risk and collateral-backed agreements, ALPHA ensures a secure and trustless trading experience.
ARENA: Where SocialFi Meets Trading
ARENA is a social hub for trading competitions, fully integrated into the Thena ecosystem. It allows whitelisted partners to create customizable, permissionless trading competitions across spot and perpetual markets.
Designed as a growth-hacking tool, ARENA helps partners boost community engagement, increase brand awareness, and drive user acquisition and retention. It also enhances website traffic and deepens liquidity within Thena, offering valuable benefits for both partners and users.
WARP: Upcoming Launchpad
WARP is an upcoming launchpad within the Thena ecosystem, designed to support new projects and tokens. It will provide a platform for innovative ventures to launch, gain exposure, and grow within the DeFi space, helping to foster the next wave of decentralized projects.
3. Key Features of THENA
ve(3,3) Governance Model
Inspired by Solidly and Aerodrome, THENA’s emissions allocation system empowers veTHE holders to vote on liquidity pool incentives. This model fosters alignment among stakeholders, promoting an efficient and sustainable ecosystem.
Advanced Liquidity Tools
THENA V3,3 introduces cutting-edge features like Plugins (comparable to Uniswap V4’s Hooks), modular designs, Weighted Pools, and Metastable Pools. These tools enhance customization and optimize liquidity management.
Cross-Chain Governance
THENA expands its governance framework across multiple networks, beginning with opBNB. This allows veTHE holders to shape liquidity strategies beyond a single blockchain.
Community-Driven Success
Operating without venture capital, THENA has redistributed over $25 million in total revenue directly to token holders. Its growth is powered by its community and strategic collaborations with ecosystem partners.
4. Thena Tokenomics
Through its $THE utility token, veTHE governance token (as an NFT), and theNFT collection, Thena creates a sustainable and rewarding ecosystem for users, liquidity providers, and token holders.
$THE – BEP-20 Utility Token
$THE is the core utility token of the Thena protocol. It is primarily used to:
- Facilitate liquidity: Emitted as farming rewards to encourage deep liquidity for optimal trading.
- Decentralized governance: $THE can be used in platform governance, supporting the path towards decentralization.
veTHE – Governance Token (NFT)
veTHE is a vote-escrowed version of $THE, issued in the form of an NFT. Users lock their $THE tokens for up to 2 years to receive veTHE, with longer lock periods granting more voting power.
- Dynamic rewards: The veTHE balance decreases over time, promoting sustained participation.
- Revenue share: veTHE holders earn 90% of trading fees and 10% of protocol voting incentives.
theNFT – Founders’ Token (NFT)
theNFT is a non-dilutive collection that can be staked for revenue sharing.
- Revenue share: Staking theNFT gives holders 10% of total trading fees and royalties from secondary sales of theNFT.
5. Thena Token (THE) on Binance Airdrop HODLER
Symbol: THE
Blockchain: BNB Chain
Smart Contract: 0xF4C8E32EaDEC4BFe97E0F595AdD0f4450a863a11
Current Price: $3.67
Market Cap: $281.61 million
Circulating Supply: 78.14 million THE
Data fetched from CoinMarketCap, 28 November 2024
THE Token Allocation
Thena’s initial token distribution is structured as follows:
- User & Partner Airdrops: 25%
- Ecosystem Development Fund: 25%
- Protocol Airdrops: 19%
- Development Team: 18%
- TheNFT Minters: 9%
- Initial Liquidity Provision: 4%
Token Emission Schedule
Each week, $THE releases 2.6 million tokens, with emissions decreasing by 1% every week. This gradual reduction aims to control token inflation over time. The ultimate effect of this approach on the ecosystem will hinge on user engagement and protocol activity.
- Weekly Emissions: 2,600,000 THE (reduced by 1% weekly).
- Maximum supply based on 1% weekly decay: 310,000,000 $THE.
