Yes, with Thena v3 currently in beta testing, v3 is almost here!!!
But what can we expect, from $THE DEX that will onboard the masses to Web3, DeFi in general and #BNBChain in particular?
Not just a totally reworked Dashboard that improves the UI and simplifies the user experience, even for new users, but totally new features in liquidity management.
For instance, v3 introduces Weighted Pools, where you can create LPs with up to 8 tokens!! This is a totally new feature, and we can expect more capital efficiency, given that v3 is built on top of Algebra’s Integral framework.
Great products are built when the market is in turmoil. For great builders, THE faith never wavers ☝🏻💯
THENA’s soft merger with Venus Protocol is a strategic move to combine THENA's strengths in decentralized exchange (DEX) functionality with Venus Protocol's expertise in lending and borrowing.
There’s no way this volatility does not arouse (negative) emotions, even for professional traders.
Trading, especially with leverage is clearly not advisable. At the very least it’s not ideal 🙅🏽♂️
Indeed, on Feb 3, over $2.3b in leveraged positions was liquidated within 24 hours 🤯
But at Thena ($THE ), volatility means more fees and more revenue generated 😎💪🏼 #BinanceAlphaAlert
Instead of trading during these conditions it’s smarter to earn passive income☝🏻💯
You can lock your $THE to get $veTHE, vote for your favourite pool and earn from a share of trading rewards 🔥🔥🔥
There are also liquid wrappers if the idea of locking up $THE makes you uncomfortable, such as liveTHE, which you can stake at abacus where you will receive a share of the voting rewards and earn extra income also.
After $THE binance listing, Thena has introduced many new pools, and formed new partnerships.
Of these partnerships, the one that stood out most to me is the partnership with Brevis, in that it will improve the user experience on Thena.
Thena will work closely with Brevis to launch Brevis-powered intelligent plugins, which bring data driven features to Thena.
The plugins (token-holding-based fee tiering, trading volume based user loyalty program and loss-versus-rebalancing protection for LP) will greatly benefit users, traders, and liquidity providers on Thena.
I can’t wait to see these features on Thena.
More info on this partnership can be found on Thena’s X page.
Late September, BNB Chain announced a grant for Thena 🔥
This strategic grant is meant to accelerate innovation with Thena’s revolutionary SocialFi trading platform THENA ARENA 🚀🚀
In addition to generating value for users through bribes and fees, Thena introduced THE Story, with a series of chapters that include trading competitions where users can earn rewards.
Already 3 chapters in, and having distributed rewards for the first 2 chapters, this clearly demonstrates the power of THENA ARENA.
The last few days have seen extreme volatility in the market.
This came after a sharp decline. It’s counterintuitive, but the increased onchain activity actually generated more fees and revenue for users of Thena.
You can provide liquidity in the single staking pools at impressive APRs, or convert your $THE to $veTHE and vote in each epoch to be eligible for a share of the revenue and fees generated, and bribes.
Regardless of market conditions, we’re all good at Thena.
Over the last couple of days, we have seen a steady increase in the TVL on Thena.fi, to almost $THE $40m level.
This reflects the recent shift in market sentiment.
More people are feeling confident to generate passive income on Thena.fi, regardless of the prevailing market conditions, thus obtaining value from the assets they hold.
Can you imagine providing liquidity to earn rewards without the risk of impermanent loss? That’s right. With Thena.fi you can stake your single assets and earn rewards in $THE without the risk of impermanent loss.
Additionally you can bridge your assets across ecosystems through simple swaps, while enjoying top-notch security. Trade without worries at Thena.fi