Thena: enabling deep liquidity for DEUS’s future BNB expansions
DEUS’s multichain vision is supported by a next-gen AMM, incentivizing deep liquidity and supporting protocols in the BNB ecosystem. With Thena’s emission structure having just kicked off, let’s take a closer look at what it means for DEUS and for DeFi on BNB.
Institutional-grade derivatives trading accessible by anyone is the vision of DEUS Finance. To see this come to fruition, we envision a fully multichain future, with users able to trade on the DEUS engine via 3rd-party protocols deployed on any chain. To qualify for lower trading fees on v3 apps, users need to exchange with $DEI or hold xDEUS — the liquid staking token of DEUS Finance. In order to offer this solution to users across an array of chains, deep liquidity is required wherever a v3 front-end is deployed.
Chain-agnostic architecture is one part of the puzzle and goes hand-in-hand with deep liquidity. Thena provides just that.
Thena: Native liquidity layer for BNB chain
Thena is a next-generation AMM built on the BNB network with the aim of becoming the native liquidity layer for the BNB ecosystem. BNB has a unique value proposition, in that it has grown and developed with an emphasis on scalability.
Thena’s vision is that by deploying on BNB they will be able to reach a large audience of early adopters and play a major role in the continued growth of BNB. Thena assists protocols expanding to BNB by providing them with an innovative way of incentivizing liquidity and bootstrapping new projects.
Thena has spent much time developing a platform that aligns incentives, solves pricing inefficiencies, and builds a demand-driven model that can drive sustainable revenue generation for all participants.
Read more about Thena here:
The DEUS — Thena connection
The benefits of being a launch partner and maintaining a close relationship with Thena is obvious for DEUS. As we expand to further chains, deploying our architecture for 3rd party protocols building across the DeFi landscape, so increases the need for liquidity.
Thena will incentivize deep liquidity for our tokens and pools, offer low-slippage swaps for traders and help introduce DEUS to partner protocols through their network. There is a perfect balance of vision and opportunity at play here. With BNB building and scaling as a network ready to embrace the future of DeFi, Thena providing sustainable, incentivized liquidity that considers all participants, and DEUS offering the framework for the future of derivatives trading, a symbiotic relationship between the three elements will provide a home for current and future DeFi users alike.
Be a part of the future of DeFi on BNB
Thena’s emissions have only just gone live and the market has responded positively. At the time of writing, TVL on the platform has exceeded $45m. Let’s take a look at the various strategies that users have available to them on the Thena platform.
Provide Liquidity
Users can provide liquidity to an array of pairs on Thena and earn $THE tokens.
The current DEUS pairs are DEUS/BNB and DEI/BUSD.
To bridge existing tokens to BNB, use Multichain.
Check out this guide if you need help with providing liquidity.
Earn fees and bribes
In order to earn fees from the Thena platform and obtain voting power, you require veTHE tokens, which enable you to vote for your favorite pools weekly. veTHE is obtained by locking $THE tokens for a period of time.
Follow this guide to build your veTHE position and start earning.
The future expansion of DEUS on BNB chain is given a major boost with the introduction of Thena. Let’s support them as a community in their vision of becoming the native liquidity layer on BNB.
Make sure to join the Thena Discord and Telegram communities and give their Twitter a follow.
