The Good Tech Companies - How THENA Plans to Evolve DeFi Without Breaking Liquidity Pools

Episode Date: May 21, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/how-thena-plans-to-evolve-defi-without-breaking-liquidity-pools. THENA V3,3 introduces modular liquidity and cross-chain governance, setting a new standard for DeFi on BNB Chain. Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #thena-news, #blockchain, #dlt, #cryptocurrency, #good-company, #defi, #thena-announcement, #bnb-chain, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. THENA V3,3 introduces modular liquidity and cross-chain governance, setting a new standard for DeFi on BNB Chain.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. How Thena Plans to Evolve DeFi Without Breaking Liquidity Pools, by Aishan Pandey. Can liquidity infrastructure evolve without breaking? Thena thinks so. In decentralized finance, DeFi, change often comes at a cost, usually in the form of fragmentation or disruption. When protocols upgrade, users are often forced to migrate capital, adapt to new tools, or abandon positions entirely. THENA's new upgrade, V3.3, proposes a different path. THENA introduces a modular liquidity system that can evolve over time

without disrupting existing pools. By integrating plugins, smart contract modules that add dynamic behavior to liquidity pools, Thena aims to offer adaptability without requiring redeployment. This could mean lower costs for users, fewer liquidity splits across versions, and a smoother transition for protocols building on BNB chain. Greater than, we see v3, 3 as the beginning of a new chapter, for both thena and alldefy greater than infrastructure on bnb chain," said Theseus, CEO and co-founder of thena. What are plugins and how do they work? Plugins are modular extensions for liquidity pools. They function similarly to hooks in Uniswap v4, but are built using algebra integral,

which is a set of composable tools for automated market makers, AMMs. In practical terms, plugins allow pools to introduce logic such as volatility-based fees that adjust automatically based on market conditions, sliding fee scales to optimize trading cost versus risk, Brevis ZK plugins that offer identity-based discounts using zero-knowledge proofs. These modules can be attached or upgraded without forcing users to move their liquidity to a new contract. This reduces liquidity fragmentation, which has historically been a problem in DeFi every time a new version of a protocol launches. By making these features modular, Thena provides developers and liquidity providers with programmable pools that can respond to real-time market conditions, user identities, or governance signals.

How V3.3 changes the game for liquidity providers. One of the standout features of V3.3 is the unified gauge system. This allows both manual concentrated liquidity providers, CLLPs, and managed liquidity pools to participate in the same reward mechanism. Manual LPs can define a custom price range for trading, receive an NFT representing their position, and then stake that NFT into a gauge. From there, they are eligible to earn dollar-the-emissions, the protocol's reward token. Previously, rewards were often limited to managed pools or required separate

interfaces. Now, they are centralized through a single pool-specific gauge, with emissions distributed based on votes from VATHE holders. This system aims to level the playing field. Whether users prefer passive, automated strategies or want to actively manage capital within narrow bands, they can now compete on equal terms and receive rewards based on performance and P.R. dissipation. Governance Overhaul From manual voting to cross-chain automation Governance in V3, 3 departs from earlier DeFi models by focusing on automation and cross-chain access.

The upgrade introduces Cross-chain voting with no need for bridging Vote persistence so preferences carry over across multiple epics multi epic bribe scheduling for protocols seeking sustained influence chain link automation for features like auto voting reward claiming and extending token locks these tools reduce the time and effort required to participate in governance and lower the barrier for smaller holders who often disengage due to complexity.

The system is designed to make voting a continuous background process, not a task requiring constant attention. Greater than, this upgrade is focusing on the steps that DeFi must take in the near future. Greater than modular, composable, and centered on capital efficiency, said Theseus. Simplifying liquidity provisioning through the Zapper tool, entering a liquidity pool traditionally requires providing two assets in equal proportion. This can be inefficient, particularly for new users. Thena addresses this by launching a Kyber-powered Zapper, which allows users to provide a single asset to enter any pool.

Even enter concentrated liquidity CL pools without manual configuration. Optionally set custom price ranges for active LP strategies. This feature is important for encouraging broader participation in DeFi. By reducing friction at the entry point, thena makes complex trading strategies

accessible to users who are not professional market makers. Migration timeline and what users need to know. The V3.3 upgrade goes live on May 22, with voting on the new gauges already open. The emissions tied to the legacy pools will be phased out by May 29, at which point rewards will be fully redirected to V3.3 pools. A migration guide is available, along with a step-by-step visual interface designed to help users, whether they are active LPs or casual token holders, transition smoothly.

Classic LPs and CLLPs can both migrate without needing Tor deploy liquidity manually. My opinion and final thoughts. THENA's V3.3 upgrade is one of the more technically ambitious changes in DeFi infrastructure this year. It brings together multiple innovations, modular smart contracts, dynamic liquidity strategies, unified reward systems, and automated governance, under one interface. From a user experience perspective, the impact of modular plugins and zapper tools could be significant. Instead of forcing users to constantly monitor Andre Deploy, THENA is trying to make liquidity more adaptive,

while preserving choice between manual and automated strategies. The real test, however, lies in ecosystem adoption. If developers build on the plugin system and users migrate to v3.3 smoothly, THENA might set a standard for future protocol upgrades. But like many infrastructure overhauls, success depends on real world traction, not just architectural elegance. DeFi often suffers from reinventing itself every few months. THENA's bet is that it can evolve without forcing its community to start over. That alone makes it worth watching.

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