Thena THE

1. Summary

Ranks

Liquidity

96

Developer

-

Social

92

Momentum (beta)

21

Stack Rank™

-

Price

$0.35 +3.9%

Market Cap

$19.32M (#1177)

Supply

55.13M / 245.83M

Tags

DeFi BNB Chain Ecosystem Decentralized Exchange (DEX) Binance HODLer Airdrops opBNB Ecosystem

More Metrics

Price
52W High price	$3.30
52W High date	29th Nov 2024 (5 months ago)
All Time High (ATH) Date	27th Nov 2024 (5 months ago)
ATH Price	$4.03
% From ATH	-85.57%
All Time Low (ATL) Date	2nd Sep 2023 (1 year ago)
ATL Price	$0.06
% From ATL	917.08%

Supply & Trading Volume
Trading Volume (24h)	$19.95M
Total Supply	245.83M
Max Supply	310.00M
Circulating Supply	55.13M

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Description

Thena is a decentralized exchange (DEX) and liquidity protocol built on the BNB Chain, aiming to become the native liquidity layer by offering efficient and cost-effective liquidity solutions. It combines the vote-escrow model from Curve and the anti-dilution mechanism from Olympus, where veTHE holders control 100% of Thena's emissions allocated to...

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Thena is a decentralized exchange (DEX) and liquidity protocol built on the BNB Chain, aiming to become the native liquidity layer by offering efficient and cost-effective liquidity solutions. It combines the vote-escrow model from Curve and the anti-dilution mechanism from Olympus, where veTHE holders control 100% of Thena's emissions allocated to gauges and benefit from weekly rebases, reducing dilution from emissions over time.

Gauge Voting Mechanism

The gauge voting mechanism is derived from Curve Finance's vote-escrowed model, where veTHE holders vote on emissions levels during weekly epochs. Emissions are proportionate to the vote share at the end of each epoch, introducing a Bribing Marketplace where protocols can deposit bribes to secure veTHE votes for their gauges.

Emissions Specifications

• Weekly emissions at inception: 2,600,000 THE
• Weekly emissions decay: 1%
• Weekly developer wallet allocation: 2.5%
• Weekly veTHE rebalance: Up to 30%
• Emissions for liquidity providers: 67.5%.

Tokenomics

• Initial supply:
  • Protocol airdrop: 19% of the initial supply
  • User airdrop: 25%
  • theNFT minters: 9%
  • Ecosystem grant: 25%
  • Team: 18%
  • Initial liquidity providers: 4%.

Features

• Advanced vAMM/sAMM technology for low slippage
• Gauge weight votes for incentivizing liquidity provision
• Real Yield-based incentives for liquidity providers
• Integration with theNFT and the THENA ecosystem.

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