- The whole concept for THENA’s self-optimizing ve3,3-based system, which is intended to sustainably reward all contributing players.
- A new level of flexibility in AMM design is made possible by the modular architecture, which allows liquidity pools to change over time without requiring redeployment.
THENA, BNB Chain’s trading hub and liquidity layer, is about to launch V3,3, an upgrade that includes a redesigned governance model, additional liquidity tools, and a modular architecture. By integrating Plugins—composable smart contract modules—V3,3 lays the groundwork for future-proof, programmable liquidity by allowing pools to adopt dynamic characteristics.
The whole concept for THENA’s self-optimizing ve3,3-based system, which is intended to sustainably reward all contributing players, has been realized with the introduction of V3,3 coming live on May 22nd. Notably, this indicates that Binance and all other ecosystem members are now on the same page.
Similar to Hooks in Uniswap v4, Algebra Integral powers the Plugins upgrade. A new level of flexibility in AMM design is made possible by the modular architecture, which allows liquidity pools to change over time without requiring redeployment. V3,3 pools come with a variety of built-in plugins, such as sliding fee scales, volatility-based costs, and a planned Brevis ZK plugin that offers identity-based price reductions. With the help of these modular features, pools may adjust in real time, facilitating future upgrades, strategy customization, and policy enforcement without requiring redeployment or fragmenting liquidity.
Theseus, CEO and Co-founder of THENA stated:
“We see V3,3 as the beginning of a new chapter—for both THENA and all DeFi infrastructure on BNB Chain. This upgrade is focusing on the steps that DeFi must take in the near future: modular, composable, and centered on capital efficiency.”
A unified gauge model is another feature of V3,3 that allows manual concentrated liquidity providers (CL LPs) to manually provide liquidity within a certain price range and get an NFT that reflects that position. To earn $THE emissions, this NFT may be staked into a gauge. This creates a simplified performance-based incentive system that levels the playing field for managed and manual LPs. veTHE holders vote on the allocation of emissions using a single gauge per pool, and rewards are taken from a common pool that combines trading fees, emissions, and governance incentives.
THENA’s official migration guide is now available. To evaluate the new features and interface, users have had access to an Open Beta. Today marks the start of the V3,3 gauge voting, and on May 29, the entire emissions migration will take place. Rewards on legacy pools will stop after that. For both concentrated and traditional LPs, the transition is supported with a visual guidance and a step-by-step interface.
Compared to previous versions, governance in V3,3 is significantly different and is intended to be more automated and accessible. Cross-chain voting infrastructure will enable the holders to cast their votes across chains without bridging. Vote persistence enables protocols to plan multi-epoch bribe campaigns and allows preferences to endure over epochs. Features like auto-voting, extending locks, and auto-claiming rewards are powered by Chainlink Automation, which lowers barriers and boosts participation overall.
A Kyber-powered Zapper is introduced by THENA to reduce the barrier to liquidity provisioning. With this tool, customers may utilize a single asset to access any pool, including CL pools. In order to streamline active LP strategies, advanced users may additionally define unique price ranges when allocating funds.
