Vanguard: Venus Pre-V5 Proposal - Acquisition of Thena.fi

Summary

Venus is poised to redefine the DeFi landscape through a series of calculated strategic moves proposed by the Vanguard Team, which are designed for long-term growth and competitive advantage. Our proposal begins with a transformative acquisition of a 33% stake in Thena.fi for $4.5M, positioning Venus to build a comprehensive DeFi SuperApp on the BNB Chain with enhanced liquidity, premium asset pools, and robust DAO-to-DAO collaborations.

In this first step, the Vanguard team is proposing for Venus to make the strategic acquisition of 33% of Thena.fi , with the goal of establishing The DeFi SuperApp on the BNB Chain. After several months of negotiations with Thena’s leadership, Vanguard’s leadership has reached an agreement on a purchase price of $4.5 million dollars.

This acquisition represents a pivotal move for Venus, significantly strengthening both protocols’ positions within the rapidly evolving DeFi ecosystem, particularly on the BNB Chain. By leveraging Thena’s modular liquidity layer and advanced decentralized exchange (DEX) infrastructure, Venus gains access to enhanced liquidity, while promoting its native stablecoin (VAI) and token (XVS) through high-priority incentivized pools.

The partnership also opens the door to a variety of synergistic opportunities, including unique yield strategies, DAO-to-DAO governance collaboration, and the development of cutting-edge DeFi solutions, such as integrated lending and leveraged yield farming. In an increasingly competitive DeFi landscape, this acquisition not only expands Venus’ ecosystem and user base but also cements its position as a key infrastructure player within the BNB Chain ecosystem.

This acquisition is not only strategic but also transformative, positioning Venus at the forefront of DeFi innovation. This partnership solidifies Venus’s role as a central infrastructure provider, enhances its market competitiveness, and unlocks significant value for its users and stakeholders. As the DeFi landscape continues to evolve, this acquisition ensures that Venus remains a dominant force, driving long-term growth and establishing a solid foundation for future success.

This acquisition includes a range of valuable assets that will significantly contribute to Venus revenue streams. These assets include 33% of the current Thena Treasury assets which is currently composed of:

• veTHE holdings: as of today: 4 million veTHE, valued at approximately $1.6 million.
• NFT Portfolio: 170 NFTs, collectively worth +/- $500,000 at the time of writing the proposal, which represent around 1% of the fees generated by Thena’s decentralized exchange (DEX).
• Liquidity Reserves: 1.6 million USDT, ensuring robust liquidity for the protocol.
• $THE Emissions: A 2.5% share of the weekly $THE emissions, equal to +/- 25,000 $THE per week in equity.
• Fee Revenues: A stake of 8% to 12% in the fees generated by non-staked positions, further bolstering ongoing revenue potential.

Operational management of the acquired assets will be overseen collaboratively by the Vanguard and Labs teams, acting on behalf of the Venus DAO and community to maximize weekly revenues. All generated revenues will be transferred to the Venus Treasury on a weekly basis.

Together, these assets provide a strong foundation for consistent, long-term revenue generation, enhancing Venus DAO’s financial position and supporting its strategic objectives within the DeFi ecosystem.

If approved by the community, the post acquisition Strategic Business Value will include the following:

• Liquidity Depth and Incentivized Markets
• Stablecoin (VAI) Adoption Through THENA’s Ecosystem
• Enhanced Yield Opportunities for Venus and THENA Users
• Strategic DAO-to-DAO Collaboration
• Shared User Base and Ecosystem Growth
• Creation of a joint DEFI Launchpad Platform
• Dominating Market Share on BNB Chain
• Direct Integration of Venus Product Suite into THENA’s ve(3,3) Model with Hooks
• Unlocking New Strategies and User Flows
• Competitive Differentiation and Market Leadership

Conclusion

The proposed acquisition of a 33% stake in Thena.fi represents a bold and strategic step for Venus, reinforcing its position as a leading force in the DeFi space on the BNB Chain. By securing a significant share of Thena’s treasury assets, liquidity reserves, and revenue streams, Venus strengthens its financial foundation while unlocking powerful synergies that enhance both platforms' long-term growth.

This acquisition not only accelerates Venus' roadmap toward becoming a DeFi SuperApp but also fosters a deeper integration between two of the most innovative protocols on the BNB Chain. The resulting collaboration will drive ecosystem-wide adoption, expand liquidity depth, and introduce innovative financial products that benefit both Venus and Thena users.

With a strong foundation for sustainable revenue generation and a well-aligned strategic vision, this move positions Venus for continued leadership in the evolving DeFi landscape. We encourage the Venus community to support this acquisition, as it marks the beginning of an ambitious, value-driven expansion that will shape the future of decentralized finance on BNB Chain.