[BNB Chain] Add support for $THE on Core pool

Summary

THENA is a decentralized exchange (DEX) and liquidity hub built on the BNB Chain and opBNB, comprising several key components: THENA (spot DEX), ALPHA (perpetual DEX), ARENA (social hub for trading competitions), and WARP (an upcoming launchpad designed to support new projects and tokens).

The spot DEX, THENA, utilizes ODOS to ensure optimal trade execution with minimal slippage via THENA’s liquidity pools. Additionally, the platform integrates the ORBS Liquidity Hub, a decentralized optimization layer that allows DEXs to access additional liquidity sources, including on-chain solver auctions and decentralized limit orders via API. If the Liquidity Hub cannot execute a trade at a better price than the standard swap engine, the trade defaults to the AMM contract and proceeds as usual.

Swap Using Liquidity Hub

$THE is the utility token within the THENA ecosystem, serving two primary purposes: maintaining liquidity and promoting decentralized governance. veTHE, a vote-escrowed version of $THE, is issued as an NFT. Users can lock their $THE tokens for up to two years in exchange for veTHE. To incentivize sustained participation, the veTHE balance gradually decreases over time, reaching zero at the end of the initial lock period.

$THE Locking Mechanism

veTHE offers two key utilities. First, holders can vote on gauges—pools with dynamic $THE rewards, determined by weekly veTHE voting allocations. This grants them access to 90% of trading fees and 100% of the voting incentives tied to their selected pool. Second, veTHE holders can participate in governance by voting on protocol improvement proposals.

Market & Ecosystem THENA’s spot DEX demonstrated impressive growth in TVL within the first three months after launch, peaking at $170 million. Since then, the TVL stabilized between $30 million and $45 million from September 2023 onward. However, a noticeable surge occurred between late November and early December 2024, with TVL climbing to nearly $100 million. As of now, THENA DEX’s TVL stands at approximately $79.69 million.

THENA DEX TVL

The total supply of $THE has been increasing steadily according to its predefined emission schedule, reaching 232 million $THE to date.

$THE Supply Distribution

veTHE statistics show a positive trend in token locking. As the supply of $THE grows, the amount being locked also continues to rise. Currently, the proportion of $THE locked remains consistently above 50%, stabilizing between 60% and 70%.

Liquidity At present, most of $THE’s liquidity is sourced from THENA DEX, which supports multiple $THE trading pairs and offers a total liquidity pool of $4.79 million in $THE.

In November 2024, THENA announced a strategic partnership with Binance, and $THE was officially listed on Binance on November 27, 2024.

Market Details

To bootstrap the market supply, THENA will provide an initial $10,000 USD worth of $THE tokens, alongside nearly $125,000 USD in $THE token incentives to be issued over 90 days to $THE token suppliers on Venus.

$THE Contract Address: 0xF4C8E32EaDEC4BFe97E0F595AdD0f4450a863a11

RedStone Price feed Oracle: https://app.redstone.finance/app/token/THE/