THENA is a DeFi primitive that enables the cold start of liquidity for protocols seeking to build deep markets for their tokens, while directing the capital where it is the most productive. T
THE is THENA’s utility token and is used in the following functions:
Reach and maintain adequate liquidity to facilitate optimal trading conditions — $THE tokens are emitted as farming rewards to incentivize deep liquidity
Encourage decentralized governance —$THE can be locked into veTHE to take part in the governance for continuous development of the platform and access the weekly revenue being generated. The long term goal is to achieve true decentralization.
THENA consists of the following major components working in conjunction:
Spot Trading: Trade digital assets directly on a decentralized platform with low slippage and full custody of funds.
Perpetual Futures Trading: Access over 270 pairs with leverage up to 60x for advanced trading strategies.
Concentrated Liquidity AMM (CLAMM): Enable efficient liquidity provision with custom range strategies and upcoming tailored hook deployment with THENA V3.
Automated Liquidity Management (ALM): Gamma and ICHI solutions to optimize and automate LP yield. Delta Neutral and Directional single sided vault strategies to be released in partnership with Lobster.
Yield Farming: Generate passive income by providing liquidity and earning $THE emissions.
ve(3,3) Governance Model: Lock $THE to earn veTHE, vote for gauges, and maximize rewards through ecosystem participation.
Voting Incentives Marketplace: Attract votes for liquidity pools using bribes to scale emissions and liquidity.
Trading Competitions: Join trading competitions in THENA ARENA to access a gamified trading experience and earn rewards based on your performance.
Institutional Solutions: Tailored offerings for family offices, crypto hedge funds, and market makers keen on accessing on-chain yield opportunities
As of November 26th of 2024, the max supply of THE is 326,120,291 and the circulating supply upon listing will be ~233,000,000 (including ~146,000,000 locked into veTHE for an average locking period of 1.78 year and ~31,000,000 in the ecosystem fund)
Key metrics (as at December 26th 2024)
Token Distribution
Token Allocation
Community