Binance Labs has made an undisclosed investment in Thena, a decentralized exchange (DEX) and liquidity system built on the BNB Chain. This announcement was made by Binance Labs on Tuesday.
The goal of Thena, which was introduced in January 2023 and uses the cutting-edge ve(3,3) tokenomics model, is to develop a comprehensive, decomposable liquidity layer that integrates the greatest aspects of the most popular DeFi protocols into a single platform.
Thena wants to empower individual users, promote a vibrant ecosystem based on openness and cooperation, and accelerate the widespread adoption of DeFi by giving security, scalability, and user experience top priority.
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Raised funds to boost Thena’s expansion
The money generated will be carefully used to boost Thena’s platform’s growth and development, improve security protocols, scale user acquisition initiatives, fortify alliances and collaborations within the BNB Chain ecosystem, and spur innovation in DeFi.
“Binance Labs is always looking to invest in projects that unlock meaningful use cases and foster ecosystem development. Thena’s approach to liquidity and their strong focus on user experience position them as a key player in the next wave of DeFi growth, and we are thrilled to support them in their quest to become the ‘SuperApp’ platform set to onboard the masses on-chain,” said Alex Odagiu, Investment Director, Binance Labs.
“Welcoming Binance Labs as a strategic partner marks a pivotal moment in our growth journey. Renowned for their expertise in Web3 and their investments in top-tier DeFi protocols, Binance Labs’ support will greatly accelerate our mission to bring our state-of-the-art DEX to a global audience. We are eager to share more exciting developments in the coming weeks,” said Theseus, CEO & Co-Founder of Thena.
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About Binance Labs
Binance Labs is a premier venture capital and incubator dedicated to advancing the Web3 ecosystem’s growth and development while empowering early-stage enterprises.
It has continuously prioritized the long term since its foundation in 2018 and has funded and supported projects strategically, irrespective of market cycles.
It supports everything from infrastructure to application layers as a leading venture financing firm in the Web3 domain that is not sector or chain-specific.
It has always prioritized tech innovation with a significant product-market fit and long-term income streams.
The more than 250 projects in Binance Labs’ portfolio come from more than 25 nations on six continents. Projects that have completed its incubation programs make up over 65 of Binance Labs’ portfolio companies.
About Thena
Thena’s goal is to provide a comprehensive, decomposable liquidity layer that integrates the greatest aspects of top DeFi protocols into a single platform. It has done this by embracing the cutting-edge ve(3,3) tokenomics model.