Our decision to expand to opBNB was a natural one. THENA is a BNB Smart Chain native liquidity layer, and deploying on a faster, cheaper, and more capable chain with a better user experience within the same ecosystem was an easy decision.
Now, we are ready to unleash THENA’s and BNB Chain’s new potential with opBNB, the high-performance layer-2 solution built using the OP Stack. It brings to the table vastly improved speed, magnitudes lower cost, and better compatibility with EVM.
THE Anniversary Airdrop for opBNB
In order to celebrate THENA’s one year anniversary and the expansion to opBNB, we are doing an airdrop exclusively for those that try out the improved experience during the first week.
The campaign is part of BNB Chain’s Airdrop Marathon.
Campaign page link
QuestN link (if the link above doesn’t work): https://app.questn.com/quest/842354048371961919
Airdrop amount: $20,000 worth of THE
Period: 12th of December to 19th of December, 00:00 UTC
Distribution: 300 randomly chosen lucky winners share the prize equally
You will need to complete 4 offchain tasks, and 2 onchain ones (swap, provide liquidity) on THENA using opBNB.
You can use thena.zkbridge.com for bridging THE between BNB and opBNB.
$THE token address on opBNB: 0x9d94a7ff461e83f161c8c040e78557e31d8cba72
WARNING: Liquidity on opBNB for certain assets may be low. Be careful when transacting large mounts.
One entry per person.
THE Timeline and opBNB Incentive Program
THE emissions kick in TODAY December 12th at 6 PM UTC, with the following V1 pools available from launch.
BTC / ETH Volatile
THE / BNB Volatile
ETH / BNB Volatile
BNB / USDT Volatile
USDT / FDUSD Stable
WARNING: A pool with low liquidity may experience significant impermanent loss.
This means we start scaling up the TVL on opBNB immediately, with a target of doubling the chain’s total liquidity within the first week. This is part of our efforts to compete in BNB Chain’s new Incentive Program and bootstrap liquid markets for Ethereum, Bitcoin, and BNB. We will slowly shift the incentives towards CLAMM.
Cross-chain powered by CCIP voting will not be live for this deployment. We earlier announced the integration of Chainlink’s CCIP as our go-to interoperability solution. However, it’s not yet available on opBNB. Our current target for the release is early 2024, likely aligning with the launch of THENA V3. We are currently using Polyhedra for bridging. You can also use Binance to withdraw funds to the chain.
Concentrated liquidity, powered by Algebra and Gamma Strategies, will be released later this week. However, THE emissions will at this stage have a focus on V1 pools.
THE Future on opBNB
This launch sets the stage for high-speed DeFi on opBNB. While the chain is still at an early stage of development, it has already proven its place for the future.
With THENA V3 comes a plethora of upgrades and changes to take the user experience to the next level with account abstraction and completely reworked user interface. We will also be introducing Algebra Integral, giving THENA Uniswap V4 -like capabilities and an extra edge over the competition.
ALPHA, too, is coming to opBNB, vastly improving the existing user experience in terms of cost and speed. For this launch, we are releasing the next version of the SYMMIO’s intent-based derivatives trading engine, featuring funding rates and other improvements.
What we are most excited about is the permissionless trading competitions, which the community, KOLs, and partners can all tap into for significant benefits in terms of token volume, community engagement, and more.
Ready to enter THE ARENA?
