Gauges & Voting Incentives

The Open Marketplace for Liquidity

The veTHE gauge voting system establishes a dynamic & self-optimizing marketplace for liquidity. Incentives are directed toward the most productive pools — those generating the highest trading volumes and fees — ensuring that liquidity flows where it is most efficiently utilized. This mechanism makes THENA a resilient, adaptive and capital-efficient DEX.

• Bootstrapping Liquidity: Protocols can solve the initial cold-start of liquidity by depositing voting incentives.

• Liquidity Management: Protocols can adjust their liquidity levels by modifying their weekly incentives deposit, enabling them to grow and maintain their pools in line with their strategic objectives

• Self-Optimizing Liquidity Allocation: THENA’s ve(3,3) tokenomics structure automatically directs emissions toward pools generating the highest trading volumes and fees.

Voting Incentives Specifications

• Voting incentive claim: veTHE holders receive rewards after the following Epoch in the form of a claimable lump sum

• Epoch duration: 1 week (Thursday to Thursday)

• Tokens: Any whitelisted tokens can be deposited as voting incentive

• Voting incentive deposits: Any time during the epoch

To attract votes from veTHE holders, voting incentive must be deposited at least a few hours before the Epoch changes at 00:00 UTC Wednesday-Thursday night.

Earning voting incentives (and trading fees) requires weekly voting.

Learn more about veTHE Voting Mechanisms.