What Is THENA (THE) and How Does It Work?
At its core, THENA operates using a ve(3,3) tokenomics model, inspired by successful DeFi liquidity coordination systems. Liquidity providers earn rewards by supplying assets to pools, while users can lock THE tokens to receive veTHE, which grants governance rights and a share of protocol fees. This mechanism aligns incentives between traders, liquidity providers, and long-term token holders, helping reduce mercenary liquidity and improve market depth.
THENA also goes beyond a traditional
AMM by supporting multiple pool types, dynamic fee structures, and integrations with advanced trading products such as perpetual contracts. Governance participants can vote on emissions and pool incentives, allowing the protocol to adapt based on market demand. Together, these features position THENA as a flexible, community-driven DeFi protocol focused on sustainable liquidity and efficient on-chain trading.
When Did THENA Launch?
THENA was introduced to the public with its first Medium article in October 2022, and the protocol’s mainnet launch took place on January 5, 2023, marking the official debut of the THENA DEX and liquidity hub on BNB Chain. From its inception, the project has been built by a community-driven team focused on sustainable DeFi infrastructure and advanced liquidity tools. The founding members include co-founders such as Theseus (CEO), 0xApollo (CMO), Xermes (Community Lead), Theonysus (Business Development Lead), Prometheus (CTO) and Hyperion (Developer), bringing a mix of DeFi, engineering, and community experience to the protocol.
THENA Roadmap Highlights
- Early 2023: Mainnet launch and initial liquidity bootstrapping.
- 2023: Expanded liquidity features, integrated perpetuals and advanced pool types.
- Late 2024: Listing on major exchanges including Binance and ecosystem growth.
- October 2025: Roadmap release announcing future products like Native On-Chain Options,
DeFAI Agent, and THE Launchpad.
What Is the THE Token Used for?
The THE token is the native utility token of the THENA ecosystem, and it plays a central role in powering liquidity incentives and decentralized governance on the platform. Holders can provide liquidity to THENA’s pools and earn THE rewards, helping to maintain deep markets and low slippage for traders, while those who lock THE can receive veTHE (vote-escrowed THE) to participate in protocol governance and share in fee distributions. Additionally, THE tokens are used within the ve(3,3) tokenomics model to align user incentives across liquidity providers, traders, and long-term supporters, promoting sustainable growth of the ecosystem.
To trade THE tokens on the
BingX spot market, you can simply search for the
THE/USDT trading pair in the Spot section, place a buy or sell order at the
market or limit price you prefer, and execute the trade. Once completed, the purchased THE tokens will appear in your BingX wallet, where you can hold, transfer, or trade them further based on your investment strategy.
What Is THENA Tokenomics?
The THENA (THE) tokenomics model is built around a ve(3,3) emissions and governance framework, designed to align liquidity providers, traders, protocols, and long-term token holders. THE has a maximum supply of 335,000,000 tokens, with emissions released gradually to incentivize sustainable liquidity rather than short-term yield farming.
THENA (THE) Initial Supply Allocation
The initial supply of THE was distributed to prioritize ecosystem growth, long-term participation, and protocol alignment:
- veTHE Protocol Airdrop – 19%: Allocated to external protocols that actively integrate with and support THENA’s liquidity layer. Selection criteria included TVL, trading volume, product quality, and ecosystem relevance, with a balance between native BNB Chain protocols and cross-chain projects.
- THE/veTHE Airdrop for Users – 25%: Distributed to active users of BNB Chain protocols and new users onboarded through THENA. Eligibility was based on long-term behaviors such as locking, staking, holding, governance participation, and sustained protocol usage.
- THE/veTHE Airdrop for theNFT Minters – 9%: Allocated to theNFT minters and claimable at launch:
- 40% distributed as veTHE, locked for 2 years
- 60% distributed as liquid THE
- Ecosystem Grants – 25%: Reserved to support projects building on or integrating with THENA. Grants include funding plus hands-on support from the core team across smart contracts, marketing, and business development.
- Team – 18%: Designed to align the team with long-term protocol success:
- 60% as veTHE, locked for 2 years
- 40% as THE, vested over 2 years with a 1-year cliff
- Initial Liquidity Providers – 4%: Paired with BUSD and/or BNB to ensure sufficient liquidity at protocol launch.