What is Thena (THE)?
THENA is a decentralized finance (DeFi) protocol designed to help projects establish deep liquidity for their tokens while directing resources to their most productive use.
The protocol’s utility token, $THE, serves multiple purposes:
Building and Sustaining Liquidity: $THE is distributed as farming rewards to incentivize liquidity providers, ensuring optimal trading conditions.
Decentralized Governance: Users can lock $THE to obtain veTHE, enabling participation in governance, ongoing platform development, and access to weekly revenue. The long-term vision is to achieve full decentralization.
THENA’s ecosystem includes the following key components:
Spot Trading: Facilitates low-slippage decentralized trading with full fund custody.
Perpetual Futures Trading: Offers leverage up to 60x across more than 270 trading pairs for advanced strategies.
Concentrated Liquidity AMM (CLAMM): Allows efficient liquidity provisioning with custom range strategies and enhanced functionality in THENA V3.
Automated Liquidity Management (ALM): Integrates Gamma and ICHI solutions to automate yield optimization, with new vault strategies in collaboration with Lobster.
Yield Farming: Enables users to earn $THE emissions by providing liquidity.
ve(3,3) Governance Model: Lock $THE to earn veTHE, vote on gauges, and boost ecosystem rewards.
Voting Incentives Marketplace: Liquidity pools can attract votes through incentives, enhancing emissions and liquidity.
Trading Competitions: The THENA ARENA offers a gamified trading experience, rewarding top performers.
Institutional Solutions: Custom offerings are available for family offices, crypto hedge funds, and market makers seeking on-chain yield opportunities.
At the time of writing, the maximum supply of $THE is 326.12M, with a circulating supply of 78.35M. This includes around 146,000,000 $THE locked in veTHE for an average period of 1.78 years and about 31,000,000 allocated to the ecosystem fund.
