Thena was designed to onboard the next generation of protocols to the BNB chain by opening up a free market for THE emissions. Protocols can bribe veTHE holders or acquire veTHE to redirect emissions to their pools, offering a flexible and capital efficient solution to bootstrap and scale liquidity.
Inspired by the vote-escrow model from Curve and the anti-dilution mechanism from Olympus, veTHE holders control 100% of Thena’s emissions allocated to gauges and benefit from weekly rebases, reducing dilution from emissions over time. THE Model rewards long-term supporters, and aligns stakeholders interests by incentivizing fee generation.
