THENA Launches V3,3 Upgrade With Modular Liquidity Layer on BNB Chain

THENA, a major decentralized trading platform on BNB Chain, has rolled out its much-anticipated V3,3 upgrade, introducing a new era of modular, programmable liquidity across decentralized finance (DeFi). 

The upgrade, going live on May 22, brings a flexible infrastructure that’s designed to adapt over time, without needing to redeploy smart contracts or fragment liquidity.

Programmable Liquidity with Plugins

At the heart of V3,3 is a new feature called Plugins, modular smart contract components that add dynamic functionality to liquidity pools .

These Plugins enable pools to adjust behavior in real time, whether through volatility-based fees, sliding fee scales, or new integrations like the upcoming Brevis ZK Plugin, which introduces identity-based fee discounts using zero-knowledge technology.

“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.”

Fairer Rewards and Smarter Governance

The upgrade also introduces a unified gauge model that brings parity between manual and managed liquidity providers (LPs). 

Manual LPs can now provide concentrated liquidity, setting custom price ranges, and receive an NFT representing their position. The NFT then can be staked to earn $THE rewards, with emissions determined through a single gauge per pool and voted on by veTHE holders. 

This model makes sure that rewards are based on actual performance and avoids spreading them too thin across many users or pools.

Governance is now simpler and more accessible. veTHE holders can vote on proposals across different blockchains without needing to move their tokens between them.

Additionally, protocols can plan incentive campaigns that run over multiple voting periods. Thanks to Chainlink Automation, key actions like claiming rewards, extending token locks, and voting can now happen automatically, making it easier for more people to take part.

Smooth Onboarding and the Road Ahead

Finally, to make it easier for new users to get started, THENA is launching a Kyber-powered Zapper. This tool lets users join any liquidity pool by depositing just one type of asset, instead of needing to match pairs. It simplifies the process for beginners while still offering flexibility for experienced liquidity providers.

To support this transition, THENA has published a step-by-step migration guide and a user-friendly interface. The project is backed by YZi Labs and Orbs, further reinforcing its development and vision.

Starting May 29, all rewards will move to the new V3,3 pools, and payouts on the old pools will stop.

Why This Matters

As THENA unlocks modular liquidity, BNB Chain’s DeFi future could become more programmable and competitive than ever before.

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