THENA Overview
Trading hub and liquidity layer built on BNB Chain and op BNB
THENA Liquidity Layer on BNB
The THENA ecosystem includes a comprehensive suite of products and services, including:
THENA : An on-premise DEX exchange where users can trade, buy digital assets and generate passive income.
ALPHA : A permanent decentralized exchange offering trading on 270+ crypto pairs with up to 60x leverage.
ARENA : A social platform for trading competitions, providing gaming experiences for users and breakthrough growth tools for THENA partners.
WARP : (Launchpad – Coming Soon)
Vision
THENA’s vision is to become the “Super App” platform set to onboard the masses, on-chain, with a CEX level experience. THENA has a flexible approach as we envision to be the most modular liquidity layer ever built to cater to any type of liquidity needs from our Partners: Stable coins, LST, Tokenized RWA, Meme coins, AI tokens, etc.
Mass user registration
We built our platform with the goal of simplifying the onboarding process and enhancing the experience for users of all levels, from beginners to the most experienced. Our ultimate goal is to become the D e Fi Super App, providing a highly decentralized alternative to B n e, where users can benefit from:
Wallet Summary: Simplify the integration process.
FIAT On/Off Ramp : Facilitates the initial purchase.
Debit Card and Banking Services: Upcoming features to integrate traditional banking with De Fi.
Cross-chain bridge functionality: Enables seamless transfer of assets across different blockchains.
Digital Asset Acquisition: Instant access to spot market trades.
Self Custody Earning Service: Includes sole Staking of major assets such as BTC, ETH, BNB and USDT.
Crypto Derivatives Trading: Trade over 270 crypto assets with up to 60x leverage.
Trading Competition : Upcoming feature to earn from trading activities.
Exclusive Access: Upcoming opportunities to invest early in new projects.
Building the Most Modular Liquidity Layer for Partners
Incentivization: The ve(3,3) token omics architecture provides unparalleled flexibility in managing on-chain liquidity. Through our weekly open market deposits for incentives, partners can tailor the amount of token issuance their liquidity pool receives to their specific needs.
AMM Offerings: We offer a variety of AMM models, including concentrated liquidity AMMs, classic UniV2 AMMs, 80/20 balanced AMMs, and curve-stable AMMs.
Modularity of AMMs: Algebra Integral integration allows for detailed customization of our AMMs by implementing various plugins.
Liquidity Management: Our Automated Liquidity Management (ALM) partners offer a variety of strategies to address specific liquidity management needs.
THE Onboarding
How to connect your Billion wallet to THENA
Set up Binance Web3 wallet with THENA
Open Binance mobile app:
Launch the Binance mobile app on your device.
Navigate to “Wallet” in the bottom panel of the app.
Click “Web3” at the top.
Create new wallet:
Click “Create Wallet” to start creating a new wallet.
Follow the on-screen instructions to complete the wallet creation process.
If you already have a wallet, skip this step and move on to the next step.
Navigate to Explore:
Go to “Explore” at the bottom panel of the app.
Find THENA:
Use the search bar to search for “THENA”.
Select the correct application from the search results.
Visit THENA:
Click “Open App” to access THENA.
You are currently using THENA with Binance Mobile Web3 Wallet.
Point DEX
THENA’s Regular Swap engine is designed to provide users with efficient, low-cost trades across a wide range of digital assets. Leveraging ODOS’s advanced routing technology, it ensures optimal trades with minimal slippage across THENA’s liquidity pools. Users can benefit from seamless, instant swaps with competitive fees, all within an extremely secure and user-friendly interface.
Our swap engine also integrates ORBS Liquidity Hub, an optimization layer on top of the AMM, tapping external liquidity sources for better price execution and lower price impact for users. If the Liquidity Hub cannot execute a trade at a better price than the regular swap engine, the trade will move to the AMM contract and execute as normal.
Liquidity Hub Source:
On-chain settler auctions: Third-party settlers compete to fill swaps using on-chain liquidity such as AMM pools or their own private vaults.
Decentralized commands via API: Decentralized order books are accessible via API, allowing professional/institutional traders, such as market makers, to submit bids and compete for swaps.
Limit order
About limit orders
A limit order is a tool from Ce Fi where a user can buy or sell an asset at a specific price or better, rather than relying on the market price at the time of execution. In a limit order, although the price is guaranteed, the order execution is not - the limit order will only be executed if the price meets the conditions of the order.
THENA has integrated the d LIMIT protocol, powered by Orbs, bringing this type of order to De Fi in a decentralized way. Users can use this tool to create decentralized limit orders by following the instructions below.
The d LIMIT protocol for DEX ensures limit orders are executed at optimal prices and fair fees, in a decentralized and trustworthy manner.
Order TWAP
About d TWAP
TWAP (Time Weighted Average Price) is a popular order type used in Ce Fi, which divides orders into smaller trading volumes and executes them at regular intervals. The main goal of a TWAP order is to reduce the price impact of the order. It can also be useful if a user wants to implement a dollar cost averaging (DCA) strategy and buy a certain token on a consistent schedule (i.e. once a month).
Therefore, TWAP is best used when the order size is large relative to available liquidity or when the user anticipates a period of high price volatility without a clear upward or downward trend.
THENA has integrated the d TWAP protocol, powered by Orbs, bringing this type of order to De Fi in a decentralized way. Users can use this tool to create d TWAP orders by following the instructions below.
CROSS-CHAIN
Interoperability supported by Axelar and Squid Router
At the heart of THENA's Cross-Chain Swap lies the innovative combination of Axe lar's underlying infrastructure and Squid Router's application layer. Axe lar serves as a powerful blockchain "internet infrastructure", ensuring seamless and secure cross-chain communication. At the same time, Squid Router, leveraging the power of Axe lar, facilitates efficient transfer and swap of assets across chains with a single click. This service enables the exchange of assets across a multitude of blockchains.
Whether you are looking to swap assets or connect different blockchain ecosystems, THENA's Cross-Chain Swap, powered by Axelar and Squid Router, promises unparalleled efficiency and security.
THE Tokenomics
About THE token omics
A self-optimizing decentralized exchange and liquidity layer, owned by the protocols and the community. A great design with omics tokens that aim to inspire the best behavior from all participants for the greater good of all stakeholders.
Token (THE, ve THE, the NFT) THE — BEP-20 utility token of the ve THE protocol — ERC-721 governance token in the form of NFT (non-fungible token)
NFT — ERC-721 Founder Token as NFT (Non-Fungible Token) Initial Supply and Emission Schedule
Initial Supply and LP Token Analysis
Initial Supply
veTHE Protocol Airdrop
19% of the initial supply was reserved for airdrop protocols that expressed their willingness to participate in our liquidity layer. When evaluating available protocols, we considered many factors, such as TVL, trading volume, and products. We also sought to find a balance between native BNB protocols and protocols from other chains.
The list of airdrop protocols will be updated once completed.
More details: THENA x BINANCE HODLer AIRDROP
$THE/veTHE Airdrop for Users
25% of the initial supply is distributed to regular users of existing BNB Chain protocols, as well as new entrants to the chain via THENA. Users are selected based on behaviors that promote the long-term stability of the aforementioned protocols, such as: locking, stacking, holding, participating in governance, and continued support despite challenges faced.
$THE/veTHE Airdrop cho NFT Minters
9% of the initial supply is allocated to NFT minters and can be claimed immediately upon launch on THENA.
NFT miners Airdrop balance between THE and THE tokens:
40% as ve THE locked for 2 years
60% is $THE
Ecosystem Grant
25% of the initial supply is reserved for a specific fund that will be used to support various projects aimed at accelerating THENA's growth. Selected projects will receive significant support from the core team (smart contract development, marketing, business development, etc.)
TEAM
18% of the initial supply was distributed to the team to engage them in the long-term success of THENA. The team allocation is balanced between 5 THE tokens and THE has been vested.
Core team members will have aligned interests with THENA by receiving a percentage of the initial supply in the form of voted collateral tokens. This allocation allows team members to participate in the protocol's uptrend while still having a long-term directional position.
Team allocation balance between THE and veTHE:
60% of the coins are locked for 2 years
40% is $THE awarded in 2 years with a 1 year term
Initial Liquidity Providers
4% of the initial supply has been paired with $BUSD and/or $BNB to provide sufficient liquidity at launch.
Emissions
ve(3,3) Dynamics
The main stakeholders of a typical AMM (on the BNB Chain), including the five THE holders, LPs, users, and protocols, are all aligned according to the ve(3,3) dynamics that determine THE emissions.
ve THE holders - are incentivized to vote for pools with the highest volume (as the higher the volume, the higher the fee generated) or pools that protocols have deposited funds to incentivize voting to jumpstart their liquidity. This allows these protocols to create a positive feedback loop, if the token generates high volume.
Liquidity Providers (LPs) — incentivized by emissions driven metrics based on “Real Profit”.
Traders - benefit from low slippage thanks to the liquidity provided, combined with the latest and greatest, battle-tested AMM/s AMM technology.
Protocols - have access to a collaboration-oriented liquidity layer. They benefit from capital-efficient trading conditions for their tokens and they can incentivize their liquidity through bribes offered to THE token holders.
Emissions specifications
veTHE Specs
Weekly emissions (at start): 2,600,000 $THE
Weekly Emission Reduction: 1%
Weekly Developer Wallet Allocation: 2.5% (down from 4%)
Weekly veTHE rebase: Up to 30%
Emissions to liquidity providers: 67.5% (1.5% added from development allocation)
Maximum supply based on 1% weekly decrease: 310,000,000 THE (adjusted from 315M)
veTHE Specs
Lock your THE into THE tick to start accessing THENA revenue
veTHE Utility
Protocol Revenue Access: Holders can vote on weekly metered coins and access 90% of transaction fees and 100% of voting rewards for the relevant pool.
Participate in governance: Holders can participate in governance and vote on protocol improvement proposals.
veTHE voters receive:
Transaction fees are set by the group of people they vote for.
Voting rewards are sent to the groups they vote for.
Weekly ve THE rebase (early adopter anti-dilution mechanism).
veTHE Specifications
Ve(3,3) Mechanism: Olympus DAO's anti-dilution method, commonly known as the rebase mechanism, is combined with Curve's vote escrow model in the concept of a firmly initialized Ve(3,3) Mechanism. To protect THE tick holders from dilution and allow for dynamic distribution of THE ticks among participants over time, the anti-dilution level has been capped at 30%.****
Meter: A pool with dynamic rewards based on weekly vote allocation. No negative votes.
Voting Incentives: The amount of custom tokens sent by the meter protocol to the holders in exchange for their votes.
Maximum course: 2 years.
Farming Boost: This feature is not included to prevent the emergence of any maxi-yield protocols on THENA. On the contrary, a dynamic and decentralized management of THE emissions is promoted over time.
Flexibility: Positions can be merged, split and sold on the secondary market.
VOTE
To vote, you need to know about epochs. Each epoch lasts for 7 days, after which voting incentives and transaction fees are distributed. You only earn from the meters (groups) you voted for.
Transaction fees and voting incentives may be required to be paid once after the next Era ends (n+2).
You must vote weekly to qualify for voting fees and incentives, unless you use an optimizer.
You can pre-approve your vote for a number of weeks (coming soon).
You can change or reset your vote at any time.
Voting weights will be reset every Epoch. You need to vote every Epoch to earn voting rewards and trading fees.
veTHE Guide
How to create THE ve slot, How to vote and earn money, Voting FAQ and How to collect rewards
ALPHA: DEX Forever
Introduce
ALPHA is an advanced “Purpose Based” perpetual decentralized exchange powered by SYMMIO and hosted by THENA, allowing users to trade with (up to) 60x leverage across a range of 150+ crypto assets.
Trade on ALPHA
Hedgers
Plug into SYMMIO and start filling intents from De Fi users
SYMMIO essentially mirrors the on-chain risk, creating a unique hybrid model that balances the strengths of both centralized and decentralized systems. It acts as a marketplace that facilitates third parties, called hedgers, to execute orders. These hedgers can essentially be anyone, opening up a myriad of possibilities. They can operate on any exchange, be it Bi n ce, By bit, Ku Coin, Bit fin ex, or even run their own market making or product structuring operations.
If you want to become a Hedger, contact us via Discord or contact the SYMMIO team directly
Delta Neutral Strategy Example
Institutional actors such as Market Makers can leverage ALPHA to carry out their operations.
A simple and profitable strategy consists of filling an intention and opening an opposite position in a CEX. As such, the Hedger's P n L profile is delta neutral and its profit consists of the initial spread and the premium calculated on the funding rate. Additionally, cross-collateralizing multiple positions with one user makes it possible to replicate this risk-free strategy while reducing the collateral requirement.
Chart by Trading View
ALPHA, THENA’s perpetual decentralized derivatives platform, is proud to use Trading View as our chart provider. Here is a comprehensive guide on how to navigate Trading View charts to enhance your trading experience.
NFT Collection
THENA Founders
The NFT is a non-dilutive collectible of just 1,734. Initially minted by THENA's early users to kickstart the ecosystem, each NFT grants non-dilutive access to THENA-generated swap fees and a dedicated role in the community.
The benefits
allows holders to enjoy 10% of transaction fees from THENA****
The royalties calculated from secondary sales are 3%, 2% will go into a pool that the original minters own — forever, while 1% will go into the NFT staking pool
Fees and royalties are distributed to a staking pool. If your NFT is listed for sale, it cannot be staked and therefore will not earn fees.
Secondary market
NFT has been listed on 3 different NFT marketplaces:
Element Market - main market
to fu NFT - good UX
NFTKEY - rarity rating
Liquidity pools
THENA offers multiple liquidity pools to suit a wide range of asset pairs and combination strategies. Our innovative pools combine centralized liquidity AMMs, dynamic fee structures, and seamless integration with our Automated Liquidity Management (ALM) partners to enhance user experience and capital efficiency. From classic UniV2 AMMs and Curve-like stable AMMs, to innovative FUSION pools and soon Balancer-like 80-20 weighted pools, they enable protocols to achieve their liquidity goals.
Earn THE
Provide liquidity and stake your LP tokens to earn $THE. There are no deposit or withdrawal fees. You can withdraw and remove liquidity at any time.
In which proportion should I provide my liquidity ?
FUSION (Auto CLAMM): Tokens need to be added in a 50:50 ratio
Classic AMM: Tokens need to be added in a 50:50 ratio
Stable AMM: The UI will automatically suggest the correct ratio, which may be different than 50:50
Manual CLAMM: The user interface will automatically suggest the correct ratio, which may differ from 50:50
Earn Trading Fees
You can provide liquidity without staking LP tokens. In this case, you will earn all trading fees for your respective share in the pool. There are no deposit or withdrawal fees. You can remove liquidity at any time.
Classic AMM: LPs earn 100% of fees
CLAMM User Guide: LPs Earn 97% of Fees
FUSION (Automatic CLAMM): LPs earn nothing if their positions are not staked
Route
Cooperation
Join the Ecosystem
Hopefully through this detailed article about THENA project, everyone will BELIEVE that the project can reach $10 in the near future. Believe it!
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