- THENA V3,3 adds modular Plugins for flexible, upgradeable AMM pools without redeployment.
- New gauge model lets CL LPs earn emissions using NFTs staked based on custom price ranges.
- Governance overhaul enables cross-chain voting and automates rewards with Chainlink tools.
Helsinki, Finland, May 21, 2025 — THENA, a decentralized trading and liquidity platform on BNB Chain, has rolled out its V3,3 upgrade, introducing structural changes to its automated market maker (AMM) framework. The upgrade, which went live on May 22, 2025, includes a modular architecture and governance overhaul, offering dynamic liquidity tools and automated strategies designed to streamline capital allocation and reward mechanisms.
The V3,3 version introduces Plugins, composable innovative contract modules that allow liquidity pools to adopt custom behaviors and change without redeployment. Algebra Integral supports this approach and is structurally similar to Uniswap v4’s Hooks. At launch, plugins will include features such as volatility-based fees, sliding fee models, and an upcoming zero-knowledge plugin developed by Brevis. This future module will allow identity-based fee discounts.
By eliminating the need for pool redeployment during upgrades, THENA’s modular layout aims to prevent liquidity fragmentation and enables pools to remain adaptable. Pools can now adopt governance policies or strategic behaviors in real time. This may support longer-term stability across decentralized finance protocols built on BNB Chain.
Governance Changes and Gauge Voting Model
Alongside its modular design, V3,3 introduces a new unified gauge model. Manual concentrated liquidity providers (CL LPs) can define custom price ranges and receive NFT representations of their positions. These NFTs can then be staked into a pool-specific gauge. These NFTs qualify for $THE emissions, which are now allocated from a single reward pool per gauge.
The emissions pool aggregates trading fees, emissions, and governance-based incentives. veTHE token holders determine vote allocations, and they will end all emissions for legacy pools on May 29. Voting on the new V3,3 gauges opens today. A migration guide has also been released to support both concentrated and classic LPs.
The new governance structure allows veTHE holders to vote across chains without bridging assets. Users can maintain their preferences across multiple epochs and schedule bribe campaigns over extended periods. Automation tools, powered by Chainlink, handle tasks such as vote execution, reward claims, and lock extensions.
THENA has introduced a Kyber-powered Zapper tool to assist users with capital deployment. This enables users to join any pool, including concentrated pools, using a single asset. Custom price range options are also available for advanced users, allowing more strategic liquidity placement.
About THENA
THENA is the trading and business development hub of BNB Chain, combining spot and perpetual markets with a next-generation liquidity layer. Built on the ve(3,3) model, it drives capital efficiency while creating long-term value for traders, liquidity providers, and protocols. By onboarding leading projects and forming strategic alliances, THENA is shaping the future of decentralized finance. Backed by YZi Labs (formerly Binance Labs) and Orbs, it is laying the foundation for the DeFAI SuperApp—an all-in-one ecosystem designed for the next era of finance.
For more information about THENA, visit: Website | Medium | Discord | Telegram | LinkedIn
