THENA Announcements

THENA Perps are entering a new chapter with a massive upgrade.

V2 is faster, cheaper, and more capable. Now live on https://perps.thena.fi/.

To access and close your old positions, go to https://perps-thena-v1.vercel.app/. You will need to withdraw your funds and deposit into the new platform to continue trading.

Enjoy.

https://x.com/thenafi_/status/2102392338064785691

bStocks are coming to THENA. Read our latest piece here:

https://x.com/thenafi_/status/2090813217274474779

The ARK Initiative is now live for a governance vote.

Over the past few days, we’ve had extremely valuable discussions with you around the proposed ARK framework.

Thank you to everyone who took the time to review the proposal, ask questions, and share feedback. Everything that’s been said will shape our path going forward.

The vote will remain open for 72 hours. If approved, we’ll begin implementing the proposed changes as soon as the vote concludes, allowing THENA 2.0 to move into its next phase of execution.

Beyond the proposed parameter changes, the Foundation is focused on bringing more partners, capital, and distribution into THENA. That includes strategic ecosystem partnerships, targeted TVL growth initiatives, broader routing and aggregation integrations, and new product formats designed to expand participation, trading activity and protocol fees.

Vote here:
https://snapshot.org/#/s:thenafi.eth/proposal/0x0f5685b31a3f0b5d44efdd4fa2859bb898be1ed6d8e2d867cd4d9a720bc25d30

For more context:
https://x.com/thenafi_/status/2086480091605848527

THENA is entering a new chapter.

Today, we’re introducing The ARK Initiative - a proposed update to fee distribution, emission allocation, and protocol resource framework, designed to strengthen THENA’s foundation and create more capacity for growth.

As part of this transition, we’ve revisited how to fund the next stage of THENA 2.0. After further review, we have decided not to proceed with the previously approved additional 10% mint of $THE at this stage.

Work to grow protocol revenue and TVL is already underway. If ARK is approved, the proposed changes will give us greater capacity to accelerate those efforts, with the first tangible results expected in the near future.

ARK now enters a community discussion period, giving everyone time to review the details, ask questions and share their views before the proposal moves to a governance vote.

https://forum.thena.fi/t/the3-ark-initiative-protocol-economics-restructuring-discussion/571
https://x.com/thenafi_/status/2085705109405659388

THENA 2.0 proposal is now live for a 5-day governance vote @everyone

Over the past two weeks, we've had valuable discussions with THE community, clarified key questions, and gathered feedback.

veTHE holders will now decide on the strategic direction for THENA 2.0 and the phased treasury expansion intended to support its execution.

It’s time to make your voice heard.

https://snapshot.org/#/s:thenafi.eth/proposal/0x1a9fff9bbc1c5aab8e7b9737cc198e3c81d04da1526add1b1572f17f15b8edec

The past year hasn’t been easy for THENA, or DeFi as a whole.

Lower onchain activity and a more competitive landscape have made one thing clear: to keep growing, we need to evolve.

We’ve been working to bring in the human and financial resources needed to accelerate THENA’s next chapter. As part of that effort, we’ve reached an agreement with an experienced team of builders who will add engineering, operations, and growth capacity to help execute the vision.

Today, we’re opening the discussion around THENA 2.0.

THE proposal outlines our long-term strategy to rebuild core liquidity, establish the resources needed for sustainable growth, and transform THENA into a consumer-facing financial application for the next generation of DeFi users on BNB Chain.

This is the start of the conversation. We encourage everyone to read the proposal, ask questions, and share feedback before it moves to governance.

https://forum.thena.fi/t/the2-thena-2-0-strategic-treasury-expansion-ecosystem-evolution/543

Chainlink is retiring its Automation service at the end of this month.

If you currently use Chainlink Automation for veTHE management, please cancel your automation as soon as possible.

To do so:
1. Click Cancel Automation
2. Confirm the cancellation transaction
3. Confirm the LINK withdrawal transaction

Important: The LINK withdrawal transaction may occasionally fail and require another attempt. Please make sure your LINK has been successfully withdrawn.

🕛 You have until 29 June 2026, 12:00 AM UTC to complete these steps. 🕛

Fee and emissions automation will migrate to Chainlink CRE. However, there will be no automation solution available for veTHE holders once Chainlink Automation is retired.

We recommend completing this process well before the deadline.

Over the past 2 days, there has been a lot of discussion, concern, and misinformation around $THE.

Let’s clarify what actually happened.

THENA was not exploited.

The incident originated from $THE market on Venus Protocol. Our own smart contracts and liquidity pools remain safe and operational.

We had been monitoring suspicious accumulation patterns for months and shared observations with security and protocol partners as early as 2025. Venus was always a potential risk surface. We also worked closely with zeroShadow and Hypernative, who helped flag early signals and coordinate with relevant parties, including law enforcement.

While market conditions and liquidity can influence price dynamics during extreme events, the root cause of this incident was a known architectural gap in Venus’s supply cap enforcement, previously identified but not remediated.

No one could predict how, if, or when an event like this would occur. But we were watching closely and ready to respond.

So what’s next?

1. Later today $THE Single Sided Vaults will see a large increase in APR, driven by fees generated during the incident. These update weekly on Tuesdays.

2. This Epoch’s voters will see outsized returns following the extreme volatility on Sunday.

We’re also planning to shed a bit more light on what THE future looks like.

Yes, it’s a challenging time, but we’re doing everything we can to push through and remedy the situation.

Onwards.

Update on the Recent Events

At around 12PM UTC, our security systems flagged a high-severity incident involving the THE market on Venus Protocol. We immediately coordinated with all involved security partners and the Venus team to assess the situation.

We would like to inform that THENA is not directly affected by this exploit.

What You Need to Know:

1️⃣ THENA Smart Contracts are Safe: A malicious actor targeted the $THE market on Venus Protocol.

2️⃣ Protocol Integrity: Your funds and positions on THENA remain secure and are functioning normally.

3️⃣ Context of the Incident: More details will be provided with the post mortem. Our team is in constant communication with all the parties involved.

We take security seriously and will continue to monitor the situation closely. Thank you for your continued trust in THENA.

ICHI Strategies are back. 🔥

You can now deposit single-sided tokens into ICHI vaults for the following pairs.

The following pairs will be removed from gauges after the epoch flip today. This means that you will no longer be able to vote for these pools starting from the next epoch.

You can still farm $THE until the following epoch next week if you are providing liquidity in one of these pools but you will need to withdraw afterwards. You can continue farming fees instead once the epoch flips next week.

Conc. Liquidity

AIA/BNB
AITECH/BNB
AIV/BNB
ANDY/BNB
ankrBNB/ankrETH
ankrBNB/BNB
ankrBNB/LINK
BR/BNB
BTCB/ynBTCk
CA/BNB
DEUS/BNB
ETH/FRAX
FTM/BNB
ICHI/TON
lisUSD/USDT
MATIC/BNB
MILK/BNB
RWA/BNB
SDM/BNB
SPK/BNB
TWT/BNB
USDT/LISTA
USDT/PENDLE
USDT/PUNDIAI
USDT/USD1
WLFI/BNB
WoD/BNB
XVS/BNB
wstETH/BNB
ynBNBx/BNB

Classic

BNBx/SD
BUSD/THE
ETH/JARVIS
ETH/MIX
ETH/XCAD
IDIA/BUSD
MAI/BNB
MAI/USDC
MIX/BNB
PSTAKE/BUSD
USDC/MIX
USDT/AIAGENT
USDT/THE
USDT/TTM

Stable

MAI/FRAX
mLista/LISTA

Note: qTHE-QUO (Classic), QUO-USDT (Classic) and ETH/QI (Classic) were originally listed but they have been removed later on per update from BD team.

We are pleased to announce a series of technical updates designed to enhance the trading experience, improve data accuracy, and streamline our farming infrastructure.

1- Deployment of the THENA Router

The official THENA Router is now live at the following address: 0x146c3126932B6908DF8a4e8664f22082A97a0840

Our Swap module has been upgraded to provide a more robust price discovery engine. It now executes real-time comparisons across the ODOS aggregator, Liquidity Hub, and the THENA Router to ensure users consistently receive the most competitive pricing.

This integration allows for the immediate trading of new tokens as soon as liquidity pools are established, marking a pivotal milestone in our strategy to host upcoming token launches.

2- Enhanced Data Precision and Price Feeds

To provide our community with superior market insight, we have transitioned to a new service provider for our price feeds.

Previous interval: 1 hour

Current interval: 5 minutes

This upgrade ensures that our price charts reflect market movements with significantly higher granularity, allowing for more informed and accurate trading decisions.

3- Farming Center Implementation

Following our recent farming ecosystem update⁠, we have deployed a new Farming Center to fix a few APR display issues.

While no immediate migration is necessary, users manually farming $THE will be prompted to provide a one-time approval for the new Farming Center contract during their next interaction with the UI.

PS ICHI strategies are coming back very soon.

We appreciate your continued support as we build a more efficient and scalable ecosystem.

We’ve applied a fix to address predatory farming practices in our concentrated liquidity pools, effective immediately.

This introduces a restriction on $THE earning pools during the first 10 minutes after entry. During this window, positions cannot be modified. This measure is designed to protect long-term participants and improve reward distribution.

For regular farmers, this results in higher and more consistent payouts across affected pools such as ETH/BNB.

As part of this update, only users farming $THE through ICHI strategies are asked to withdraw. This update does NOT affect THE Single Sided Vaults such as BTC/THE and ETH/THE.

You may also be prompted to approve the new farming center contract.

Join our community or open a ticket if you have any further questions.

https://x.com/ThenaFi/status/2011487663333761305

Community Call #2 record is now available! 💜

https://x.com/ThenaFi/status/1993673597768921539

Live now!

The call has been postponed to Tuesday.

Meanwhile, you can read our CEO's memos & ask your questions on Discord.

Have a nice weekend. 💜

Thenians, it’s time!

We’re hosting our second ever community call this Friday at 1 PM UTC to talk openly about where THENA is today, and where we’re going next.

Our CEO and cofounder Theseus has published two personal memos that dive into:
• what’s been happening behind the scenes
• lessons from the journey so far
• and the vision for THE future of THENA

Part 1:
https://medium.com/@Theseus_fi/memo-to-the-community-part-1-9ce06038e01d

Part 2:
https://medium.com/@Theseus_fi/memo-to-the-community-part-2-2c30b255aa10

Announcement on X:
https://x.com/ThenaFi/status/1990421697594273993

Set a reminder for the event on Discord:
https://discord.com/events/1024239646357594122/1439972720568827954

See you there 💜

Live now! 🔥

https://x.com/ThenaFi/status/1988607716269453455

Dear Thenians,

$THE Bridge is now available to transfer your tokens between opBNB & BNB Chain: https://thena.fi/bridge

The infrastructure is powered by Chainlink's CCIP and you can read more information on this technology here: https://docs.chain.link/ccip

For others assets, please use BNB Chain's official bridge solutions here: https://opbnb-bridge.bnbchain.org/deposit

Thank you for your support and patience during the creation of this service. Happy Voting Day! 🗳

Your wait is over! THE Roadmap is officially here. 💜

This time around we’ve intentionally made the timeline a bit less strict so that we have a bit more flexibility. There are also items left out that are still under discussion. 💭

Let us know what you think and what you would add to THE list.

X: https://x.com/ThenaFi_/status/1975932750466052465

Medium: https://medium.com/@ThenaFi/thena-roadmap-building-the-future-of-bnb-chain-49ab1dab7e78