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Home All Events Thena Launch

Date

Jan 05 2023
Expired!

TimeUTC

3:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jan 05 2023
  • Time: 10:00 am

Status

Active

Thena Launch

Protocol launch for a DEX with vote-escrowed; -ve(3,3) mechanics on BSC.

DETAILS
  • Launch Schedule
    • Launch is separated into weekly epochs;
      • Epoch 0 (January 5) – protocol launches, veTHE/$THE airdrops claimable by users and protocols, voting starts
      • Epoch 1 (January 9) – $THE emissions start, bribes start, fees claimable by veTHE holders, $THE/BNB liquidity added (fair launch on Thena DEX)
      • Epoch 2 (January 19) – All features launch, bribes deposited during Epoch 1 claimable by veTHE voters
    • Epoch-0 campaign – Provide liquidity between January 5 to January 11 to participate in the $5,000+ $THE prize pool
  • Mechanics & Features
    • Thena is a DEX that combines the concepts of vote-escrow (Solidly) + (3,3) game theory (Olympus DAO)
    • Trading fees will range from 0.04% for stable pools to 0.2% for variable pools
    • Liquidity providers receive $THE emission rewards, which can be locked to get $veTHE – $veTHE is the governance and vote-escrowed version of $THE
    • $veTHE holders receive protocol fees, bribes, rebases, and governance power
    • Users can lock their $THE tokens for up to 2 years – the longer the lock, the higher the amount of $veTHE voting power received (2 years lock = 1 $veTHE, 6 months lock = 0.25 veTHE)
    • $veTHE holders can vote weekly to decide which LPs receive $THE emissions the next week
    • $veTHE holders receive trading fees and bribes for the LPs they vote for – the pools with higher votes receive more $THE emissions
    • $THE emissions kick off at Epoch 1 – during Epoch 0, there will be no emissions distributed to liquidity providers, nor bribes or fees captured by veTHE voters
    • Users can also stake Thenian theNFT to also earn a share of the trading fees and royalties from secondary sales of theNFT – secondary markets; OpenSea, tofuNFT, NFTkey; 3% royalties
    • Users can also refer and receive 5% – 15% commission on each trade from referrals
  • Tokenomics
    • Token symbol: THE
    • Initial supply: 50,000,000
      • 4% — Initial liquidity
      • 25% — Ecosystem grants
      • 25% — $THE/veTHE airdrop for users (50% of $THE claimable at launch and 50% vested linearly over 3 weeks, 100% of veTHE claimable at launch)
      • 19% — veTHE airdrop to protocol (locked in veTHE for 2 years)
      • 18% — Team (60% as veTHE locked for 2 years, 40% as $THE vested 2 years with a 1-year cliff)
      • 9% — $THE/veTHE airdrop for theNFT minters (40% as veTHE locked for 2 years, 60% as $THE; no vesting)
Links & Resources
Related Launches

Blockchain

BSC

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