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Helsinki, Finland, May 21st, 2025, Chainwire
THENA, the trading hub and liquidity layer for BNB Chain, is set to release V3,3—an upgrade that brings a modular architecture, advanced liquidity tooling, and a reengineered governance model. V3,3 integrates Plugins—composable smart contract modules that enable pools to adopt dynamic behaviors, setting the foundation for future-proof, programmable liquidity.
With the launch of V3,3 going live May 22nd, the full vision for THENA’s self-optimizing ve3,3 based system designed to sustainably reward all contributing participants, are fulfilled. Notably, this means all ecosystem participants, including Binance, are now aligned.
Akin to Uniswap v4’s Hooks, the Plugins upgrade is powered by Algebra Integral. The modular approach allows liquidity pools to evolve over time without redeployment, unlocking a new degree of adaptability in AMM design. V3,3 pools launch with a built-in Plugin suite, including volatility-based fees, sliding fee scale, and an upcoming Brevis ZK Plugin offering identity-based fee discounts. These modular features allow pools to adapt in real time—enabling strategy customization, policy enforcement, and future upgrades without redeployment or liquidity fragmentation.
“We see V3,3 as the beginning of a new chapter—for both THENA and all DeFi infrastructure on BNB Chain,” said Theseus, CEO and Co-founder of THENA. “This upgrade is focusing on the steps that DeFi must take in the near future: modular, composable, and centered on capital efficiency.”
V3,3 also brings a unified gauge model, enabling manual concentrated liquidity providers (CL LPs) to provide liquidity manually within a custom price range and receive an NFT representing that position. This NFT can be staked into a gauge to earn $THE emissions. This levels the playing field between manual and managed LPs, creating a streamlined reward system based on performance. Emissions are allocated through a single gauge per pool, voted on by veTHE holders, with rewards drawn from a common pool that integrates trading fees, emissions, and governance incentives.
THENA has already released its official migration guide. Users have had access to an Open Beta to test the new interface and features. Voting on V3,3 gauges begins today, followed by the full migration of emissions on May 29. From that point, rewards will cease on legacy pools. A step-by-step interface and visual guide support the transition for both concentrated and classic LPs.
Governance in V3,3 is a marked shift from earlier iterations, designed to be more accessible and automated. veTHE holders will be able to vote across chains without bridging, thanks to cross-chain voting infrastructure. Vote persistence allows preferences to carry forward across epochs, and protocols can now schedule multi-epoch bribe campaigns. Chainlink Automation powers features like auto-claiming rewards, extending locks, and auto-voting—reducing friction and improving participation across the board.
To lower the barrier for liquidity provisioning, THENA introduces a Kyber-powered Zapper. This tool means that users can enter any pool—including CL pools—using a single asset. Advanced users can also specify custom price ranges when deploying capital, streamlining active LP strategies.
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.
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Contact
CMO & co-founder
Heikki Pirhonen
ben@thena.fi
Disclaimer
This article is provided for information only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
