1. What is Thena (LA)?
Thena (LA) is a decentralized exchange and liquidity platform (DEX) that operates on 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, offering a seamless CEX-level 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 designed to address a wide range of its partners' liquidity needs, including stablecoins, liquid staking tokens (LST), real-world tokenized assets (RWA), memecoins, ai tokens, and more.
2. Thena Ecosystem
THE punctual DEX
Thena's Spot DEX offers users fast, low-cost trades on a wide range of digital assets. Powered by ODOS routing technology, it ensures optimal trading with minimal slippage across Thena liquidity pools, all within a secure and easy-to-use interface.
The platform also integrates ORBS Liquidity Hub, an advanced optimization layer that leverages external liquidity sources for better price execution and reduced price impact. If external sources cannot provide a better rate, trades are executed smoothly on Thena AMM contracts.
ALPHA: The perpetual DEX
ALPHA is a cutting-edge perpetual DEX created by Thena, offering up to 60x leverage on over 150 crypto assets.
The platform features the Automated Market For Quotes (AMFQ) engine, which combines order books and AMM for better capital efficiency. With isolated counterparty risk and agreements backed by collateral, ALPHA ensures a secure and trustless trading experience.
<img class="alignnone br-lazy" src="https://docs.thena.fi/~gitbook/image?url=https%3A%2F%2F1601725461-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252Fp4Ew3qUZPqMSVg5hJI12%252Fuploads%252F8WuFGwFAstB9774RBE0Q%252FScreenshot%25202024-10-31%2520at%25201.07.10%25E2%2580%25AFPM.png%3Falt%3Dmedia%26token%3Df2d954d7-04a1-4c86-8427-c892d412b039&width=768&dpr=4&quality=100&sign=5e276eab&sv=1″ decoding=”async” alt=”ALPHA: THE PERPETUAL DEX” width=”2304″ height=”1048″/>
ARENA: where SocialFi meets commerce
ARENA is a social hub for trading competitions, fully integrated into the Thena ecosystem. Allows whitelisted partners to create customizable, permissionless trading competitions in spot and perpetual markets.
Designed as a growth tool, ARENA helps partners drive community engagement, increase brand awareness, and drive user acquisition and retention. It also improves website traffic and deepens liquidity within Thena, offering valuable benefits to both partners and users.
WARP: next launch pad
WARP is an upcoming launchpad within the Thena ecosystem, designed to support new projects and tokens. It will provide a platform for innovative companies to launch, gain exposure and grow within the DeFi space, helping to foster the next wave of decentralized projects.
3. THENA Key Features
ve(3,3) Governance Model
Inspired by Solidly and Aerodrome, THENA's issuance allocation system allows veTHE holders to vote on liquidity pool incentives. This model encourages alignment between stakeholders, promoting an efficient and sustainable ecosystem.
Advanced liquidity tools
THENA V3.3 introduces cutting-edge features such as plugins (comparable to Uniswap V4 Hooks), modular designs, weighted pools, and metastable pools. These tools improve customization and optimize liquidity management.
Cross-chain governance
THENA expands its governance framework across multiple networks, starting 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 driven by its community and strategic collaborations with ecosystem partners.
4. Thena Tokenomics
Through its $THE utility token, veTHE governance token (as nft), and nft collection, Thena creates a sustainable and rewarding ecosystem for users, liquidity providers, and token holders.
$THE – BEP-20 Utility Token
$THE is the main utility token of the Thena protocol. It is mainly used for:
- Facilitate liquidity: Issued as a farming reward to encourage high 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 voted 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-up periods granting more voting power.
- Dynamic rewards: The veTHE balance decreases over time, promoting sustained participation.
- revenue sharing: veTHE holders earn 90% of the trading fees and 10% of the protocol's voting incentives.
<img class="alignnone br-lazy" src="https://docs.thena.fi/~gitbook/image?url=https%3A%2F%2F1601725461-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252Fp4Ew3qUZPqMSVg5hJI12%252Fuploads%252FqQUxaiGUCvR2tSwCrLIY%252Fimage.png%3Falt%3Dmedia%26token%3Dbe071e38-d2c9-49bf-9a3b-2afa6a1264f3&width=768&dpr=4&quality=100&sign=a55ac718&sv=1″ decoding=”async” alt=”veTHE – Governance Token (nft)” width=”1920″ height=”183″/>
theNFT – Founders Token (nft)
theNFT is a non-dilutive collection that can be staked for revenue sharing.
- revenue sharing: Staking the nft gives holders 10% of the total trading fees and royalties from secondary sales of the nft.
5. Thena Token (THE) on Binance Airdrop HODLER
Symbol: HE
Blockchain: BNB Chain
Smart contract: 0xF4C8E32EaDEC4BFe97E0F595AdD0f4450a863a11
Current price: $3.67
Market capitalization: $281.61 million
Circulating supply: 78.14 million EL
Data obtained from CoinMarketCapNovember 28, 2024
THE Token Allocation
<img class="alignnone br-lazy" src="https://docs.thena.fi/~gitbook/image?url=https%3A%2F%2F1601725461-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252Fp4Ew3qUZPqMSVg5hJI12%252Fuploads%252FKf3AGaA1tNU5BH8l95lM%252F3D%2520Pie%2520graph.png%3Falt%3Dmedia%26token%3Dd1ce378c-80e3-441e-a810-688dcd077747&width=768&dpr=4&quality=100&sign=1c726bd6&sv=1″ loading=”lazy” decoding=”async” alt=”THE Token Allocation” width=”1920″ height=”1080″/>
Thena's initial token distribution is structured as follows:
- Airdrops for users and partners: 25%
- Ecosystem Development Fund: 25%
- Protocol airdrops: 19%
- Development team: 18%
- nft Minters: 9%
- Initial Liquidity Provision: 4%
Token issuance schedule
<img class="alignnone br-lazy" src="https://docs.thena.fi/~gitbook/image?url=https%3A%2F%2F1601725461-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252Fp4Ew3qUZPqMSVg5hJI12%252Fuploads%252FfIJP3RIHV92qr10G5n72%252Ftotalsupply.png%3Falt%3Dmedia%26token%3Dcb2c5f3b-1086-46db-904f-98c92cdb3897&width=768&dpr=4&quality=100&sign=cae17939&sv=1″ loading=”lazy” decoding=”async” alt=”Token issuance schedule” width=”960″ height=”591″/>
Every week, $THE releases 2.6 million tokens, with issuances decreasing by 1% each week. This gradual reduction aims to control symbolic inflation over time. The final effect of this approach on the ecosystem will depend on user participation and protocol activity.
- Weekly emissions: 2,600,000 THE (reduced by 1% weekly).
- Maximum bid based on a 1% weekly decay: 310,000,000 $THE.
