Chainwire, Helsinki, Finland, April 27, 2024

THENA is happy to announce the newest updates to ALPHA, THENA’s intent-based decentralized derivatives change. At the moment he’s powered by each IntentX, Orbs and SYMMIO. The brand new model is at the moment dwell on the BNB Good Chain and can quickly be dwell on opBNB, BNB's high-performance optimistic layer 2 answer.

This improve represents a big development and streamlines customers' buying and selling expertise with intuitive, helpful, and customizable options. THENA staff has additionally formally concluded the beta section with the introduction of the Trade2Earn program to extend buying and selling quantity, scheduled to begin on April 27, 2024 at 00:00 UTC.

Most important enhancements

Trade2Earn Program: Begins with a day by day reward pool of $1,000, distributed primarily based on buying and selling quantity share for every given day (24 hours), reset at 00:00 UTC. The transaction robotically enrolls the person within the day's rewards.

Enhanced person interface (NASDAQ:): Customers can get pleasure from new options like superior account analytics, grouped positions, and customizable layouts, in addition to enhancements like a glossy search bar and sooner web page masses . The staff additionally added an order depth view.

Order Administration Innovation: THENA staff launched a brand new polling system for extra environment friendly order processing, a variable order notification system, and a device to match estimated slippage to present slippage.

Danger Administration Instruments: Make the most of Cease Loss and Take Revenue (SL/TP) performance immediately inside the platform and supply front-end coordination with market makers for well timed and gas-free order execution. The staff additionally added estimated liquidation costs and improved solvency metrics.

ALPHA makes use of IntentX's proprietary SL/TP answer built-in with the SYMMIO core contract to make sure orders are triggered at user-specified value factors with minimal delay and no gasoline prices.

Essential observe: At this preliminary stage, the system is just optimized for medium- and long-term methods, and additional enhancements will likely be made at a later stage.

This checklist of enhancements just isn’t exhaustive and the THENA staff will proceed to work intently with IntentX and SYMMIO to offer customers with a buying and selling expertise that rivals the very best.

Innovation with INTENTS

ALPHA's revolutionary strategy solves a long-standing dilemma within the digital asset market: the trade-off between the liquidity of centralized exchanges (CEXs) and the safety of decentralized exchanges (DEXs). Leveraging a novel Request for Quote (RFQ) and intent-based structure, ALPHA bridges CEX liquidity to the on-chain world in a permissionless and safe method with out the danger of custody or chapter points. offers an remoted buying and selling surroundings.

The staff goals for ALPHA to turn out to be an OTC market facilitator, synchronizing market makers' quotes and merchants' order circulate, whereas SYMMIO will act as a decentralized international threat and publicity settlement layer. .

ALPHA's mannequin acts as a liquidity aggregator, making certain deep liquidity and capital effectivity, sourcing from varied channels akin to CEX, DEX, and OTC desks, offering merchants with the very best value execution and minimal slippage. Gives. This strategy offers important effectivity, safety, and scalability enhancements in comparison with vAMM and CLOB-based fashions.

ALPHA’s Newest Upgrades and the Way forward for Decentralized Derivatives

This improve marks the start of an thrilling journey to increase the decentralized derivatives change at BNB and past. With the upcoming launch of his ARENA, THENA's social hub that includes fully permissionless and customizable buying and selling contests (and extra!), THENA's staff plans to additional advance THENA's imaginative and prescient.

ALPHA’s cutting-edge expertise integration will change the sport for on-chain derivatives, offering safe, inexpensive, and ample liquidity to DeFi customers. This zero-to-one innovation is already remodeling the on-chain derivatives panorama, ushering in a brand new period of leveraged buying and selling on the BNB chain.

https://medium.com/@ThenaFi/introducing-alpha-v0-xa-new-era-of-derivatives-on-bnb-chain-297f5ff49835

About Tena

THENA is a collaborative effort to construct the final word decentralized spot and derivatives change. Harnessing the ability of ve3,3, it acts as a liquidity hub for the BNB chain.

From Algebra's centralized liquidity AMM to a liquidity hub powered by THE Orbs, THENA brings collectively the very best of DeFi with the final word purpose of simplifying DeFi.

Customers can comply with THENA

Web site | X | Discord | Telegram | Hyperlinks

contactCMO and co-founderHeikki PirhonenTena[email protected]

This text was initially printed on Chainwire