Thena
Market Making
Thena is a native decentralized exchange built on BNB Chain.
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Thena?
Information
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: THE
- Tags: Market Making
Key Metrics
- TVL: $2.4M (Rank #228)
- TVL Ranking by Market Making: #0
- Blockchain: Binance, Op_Bnb
- Chain TVL
- Binance: $2.42M
- Op_Bnb: $11.97K
Risk Assessment
Watch Out
Protocol Code Quality
- Code reviewed by at least one experienced auditor; PeckShield audited in March 2023
- Anonymous team reduces transparency
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2023; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 5% by total value locked reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of at least 4 signers, which means the protocol is less susceptible to centralization risks
- Timelock is less than 48hrs, which provides users with less time to exit if any malicious upgrades are approved
- Low voting power concentration reduces risk
Protocol Design
- No death spiral concerns
- This protocol is susceptible to risks related to decentralized exchanges (DEXs), such as impermanent loss
Things to know about Thena