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News

BNB Chain-based DEX Thena To Go Live In January

December 28, 2022 - Around 2 mins mins to read

Key Points:

  • DEX Thena announced it would launch on January 5. All eligible users may simultaneously claim their THE airdrop.
  • Thena employs the vote-escrowed mechanism, which enables holders of veTHE to vote on how the THE reward is distributed among many pools. The rewards will be claimable on January 12.
  • Previously, Thena planned to launch the mainnet on December 29. Due to a flaw discovered in its bug bounty program, the debut date has been postponed.
DEX Thena, a BNB Chain-based platform, declared that it would launch on January 5. All eligible users may simultaneously claim their THE airdrop.
BNB Chain-based DEX Thena To Go Live In January

Thena employs the vote-escrowed mechanism, which enables holders of veTHE to vote on how the THE reward is distributed among many pools. The incentives can be redeemed starting on January 12.

Thena is the native liquidity layer of the BNB Chain, facilitating value creation by opening the gates for both established protocols searching for a long-term solution to lower costs to reward their liquidity and for new protocols wishing to tackle the cold start liquidity challenge.

The DEX is a shared resource held by protocols and users, who both help to make Thena the dominant automated market maker (AMM). To beat the competition and establish your product as the market leader in a decentralized and open-source economy, you need a collaborative strategy.

BNB Chain-based DEX Thena To Go Live In January

Thena takes on these challenges and offers an appealing solution by fixing the fundamental flaws of Solidly, an AMM and a liquidity layer initially created by Andre Cronje on Fantom.

To recap, Solidly’s core innovation went beyond just rewarding liquidity to correlate protocol emissions with fees produced. By acquiring and locking THE, our native token, protocols, and other major stakeholders would be able to direct future emissions and collect fees (referred to as bribes in Solidly) from the pools they supported, so controlling the emissions.

The DEX had previously intended to introduce the mainnet on December 29. Due to a flaw discovered in its bug bounty program, the debut date has been postponed.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

AMM

BNB Chain

Dex

Solidly

The

Thena

veTHE

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

BNB Chain-based DEX Thena To Go Live In January

Key Points:

  • DEX Thena announced it would launch on January 5. All eligible users may simultaneously claim their THE airdrop.
  • Thena employs the vote-escrowed mechanism, which enables holders of veTHE to vote on how the THE reward is distributed among many pools. The rewards will be claimable on January 12.
  • Previously, Thena planned to launch the mainnet on December 29. Due to a flaw discovered in its bug bounty program, the debut date has been postponed.
DEX Thena, a BNB Chain-based platform, declared that it would launch on January 5. All eligible users may simultaneously claim their THE airdrop.
BNB Chain-based DEX Thena To Go Live In January

Thena employs the vote-escrowed mechanism, which enables holders of veTHE to vote on how the THE reward is distributed among many pools. The incentives can be redeemed starting on January 12.

Thena is the native liquidity layer of the BNB Chain, facilitating value creation by opening the gates for both established protocols searching for a long-term solution to lower costs to reward their liquidity and for new protocols wishing to tackle the cold start liquidity challenge.

The DEX is a shared resource held by protocols and users, who both help to make Thena the dominant automated market maker (AMM). To beat the competition and establish your product as the market leader in a decentralized and open-source economy, you need a collaborative strategy.

BNB Chain-based DEX Thena To Go Live In January

Thena takes on these challenges and offers an appealing solution by fixing the fundamental flaws of Solidly, an AMM and a liquidity layer initially created by Andre Cronje on Fantom.

To recap, Solidly’s core innovation went beyond just rewarding liquidity to correlate protocol emissions with fees produced. By acquiring and locking THE, our native token, protocols, and other major stakeholders would be able to direct future emissions and collect fees (referred to as bribes in Solidly) from the pools they supported, so controlling the emissions.

The DEX had previously intended to introduce the mainnet on December 29. Due to a flaw discovered in its bug bounty program, the debut date has been postponed.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News