THE1: THENA’s First Governance Proposal is LIVE for voting!🚀
THE proposal suggests minting 25M additional $THE tokens to strengthen THENA’s ecosystem!
Here’s what you need to know:
🔸Why is this necessary?
THENA was designed for decentralized ownership, with 53% of $THE airdropped to users & protocols!
But with rapid growth, the ecosystem fund is currently insufficient to sustain & accelerate continued expansion!
🔸What’s the solution?
Mint 25M $THE to increase the total supply from 302.19M to 327.19M, boosting the ecosystem fund to support key initiatives!
🔸What will the tokens be used for?
🌟Strategic Exchange Listings! 🌟Market Making (DEX and CEX) 🌟Grant Fund to Attract Builders! 🌟Marketing & Global Expansion! 🌟veTHE Allocation for Future Team Members! 🌟Community Engagement & Governance Participation!
🔸Current Tokenomics:
🔹Circulating supply: 53M $THE 🔹Minted tokens: 65% of max supply 🔹Revenue to veTHE holders: $23.7M 🔹veTHE locking rate: 76% (average lock: 1.78 years)
🔸How will the minting work?
A new Minter contract will allow THENA Multisig to mint 25M $THE tokens once!
The funds will be managed transparently, with regular updates to the community on how they are being used to boost the ecosystem!
🔸Why now?
The DeFi landscape moves fast & THENA needs the resources to act on strategic opportunities, like securing major exchange listings & attracting builders to stay competitive!
🔥THENA has been on an absolute tear, setting new benchmark & redefining the DEX landscape!
🤿 Dive into these staggering stats & see the incredible growth for yourself!
1- THENA Trading Volume: 2023 vs 2024!✨
2024 Volume Growth vs 2023:
⏫Jan: 641% (620M vs 83M) ⏫Feb: 448% (1.73B vs 317M) ⏫Mar: 460% (2.54B vs 454M) ⏫Apr: 326% (1.23B vs 288M) ⏫May: 332% (804M vs 186M) ⏫Jun: 256% (1.11B vs 312M)
📊Avg Growth: 411% in the first 6 months!
🌟THENA's trading volume has skyrocketed in 2024, surp
🚨BIG NEWS: @ThenaFi_’s First Governance Proposal Passed! 🚀
THE proposal has PASSED with a resounding 97.4% approval!✅ 25M veTHE will be minted soon, stay stuned!👀
🔸What will the tokens be used for? 🌟Strategic Exchange Listings! 🌟Market Making (DEX and CEX) 🌟Grant Fund to Attract Builders! 🌟Marketing & Global Expansion! 🌟veTHE Allocation for Future Team Members! 🌟Community Engagement & Governance Participation!
🔍THENA will provide full transparency on how these funds are used!
On the other hand, Epoch9️⃣2️⃣Highlights:
1- THENA's revenue Hits $183.46K in Epoch 9️⃣2️⃣!🚀
Since Epoch 5️⃣6️⃣: 🛡️Revenue over $140k! 💹30.72% revenue increase!
An insightful discussion with THENA, Algebra, Gamma Strategies & ICHI on the future of DeFi liquidity!
Key takeaways:
🌟Mitigating Impermanent Loss: Strategies are being developed to help liquidity providers protect their capital!
🌟Institutional Adoption: Growing interest from institutions in DeFi, with a focus on stablecoin and low-volatility pairs!
🌟Dynamic Fees: This mechanism can improve the efficiency of liquidity provision by adjusting fees based on market conditions!
🌟Modular AMMs: The rise of platforms like Algebra Integral will enable more customization and innovation in liquidity management!
🌟THENA V3: The upcoming migration to Algebra Integral will bring new features & possibilities for liquidity management. Plugins will enable customizable features like portfolio management & rebalancing!
The speakers believe that 2025 will be a big year for DeFi, with a potential "great DeFi comeback" & the rise of modular AMMs!
Vs last Epoch: ⏫Lkd $THE: 0.4% ⏫veTHE: 0.97% ⏬Holders: 0.59%
🔒Avg Locked Duration is 1.78 years!
4- ALPHA Volume soars to $5.26M!🚀
💹43.25% vs last week! 💹60.31% of April's volume! 💹88.05% of Dec's volume!
📊Total traded since Dec: $307.44M+
Trade on ALPHA & win your share of $1,000 in $THE every week!🤑
5- DefiEdge Shifts Focus: Key Actions for THENA Users!📢
DefiEdge is shifting focus to institutions. As a result, their strategies on THENA & other DEXs will be closing down!
What to do: 🗳️Vote for new strategies in the next Epoch! 🏦BKN stakers: Stay tuned for migration options! ↔️Migrate funds to alternative strategies before Oct 17th!
⚠️THE emissions for DefiEdge will cease on Oct 17th!
6- THENA x HashKey HSK: A Powerful Partnership!🚀
HashKey HSK is a leading platform revolutionizing digital asset services in Asia!🌏
The collaboration has started with a TaskOn campaign!✨
THE1, THENA’s First Governance Proposal is LIVE for Discussion!🚀
1- THENA x ICHI: transforming liquidity on BNB Chain!🚀
🌊Single-sided liquidity! 💰Earn $ICHI & $THE rewards! 🤖Automated vaults with 35-75% APR! 🪙Deposit $BTC , $ETH , $USDT, $BNB or $USDC 🛡️65-95% in the deposited asset, the rest in $THE!
Maximize your yields with ease!✨
2- Locked $THE surges🚀13.35% since Epoch 6️⃣5️⃣, fueling⚡️: