THE Open Marketplace for Liquidity

The Open Marketplace for Liquidity is the cornerstone of THENA

veTHE gauges voting system serves as an open marketplace for liquidity, offering protocols the ability to execute tailor-made liquidity management strategies through voting incentives deposit. This unique approach ensures that protocols can bootstrap, scale, and maintain an adequate level of liquidity according to their specific needs. Additionally, THENA operates as a self-optimizing DEX, directing liquidity towards the most productive pools based on the fees they generate.

• 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 ve33 tokenomics structure directs liquidity towards the most productive pools based on trading volumes and fees, ensuring efficient use of liquidity across the ecosystem.

THENA’s marketplace for liquidity is designed to be both flexible and efficient, enabling protocols to manage their liquidity effectively while ensuring that users benefit from a robust and adaptative trading environment.

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.