Orbs Invests $600,000 in THENA to Enhance DeFi Protocol
Orbs, a blockchain infrastructure company, has announced a $600,000 investment in THENA (THE) to support the expansion of its core product and increase its Total Value Locked (TVL). This partnership will also involve Orbs providing technical solutions to the decentralized finance (DeFi) protocol.
THENA is a decentralized exchange (DEX) and liquidity protocol running on the BNB Chain. The collaboration aims to refine THENA’s user experience and capture a larger share of the Asian onchain market.
Ankit Saxena’s Views on the Partnership
“We’re excited to see our collaboration with Orbs evolve into a deeper strategic partnership. The Orbs team, builders like us, consistently demonstrates a forward-thinking approach and immense DeFi expertise. This investment is a testament to our shared vision of developing THENA into the premier DEX on BNB Chain.”
— Ankit Saxena
Integration of Orbs Protocols
In June, THENA integrated two protocols developed by Orbs: dLIMIT and dTWAP. These protocols enable advanced order types on THENA, including limit orders and algorithmic trading strategies using decentralized time-weighted average price (TWAP) orders.
Orbs’ Vision for Web3 and Blockchain Projects
Orbs aims to leverage the capabilities of EVM chains to empower web3 and blockchain projects. By investing in THENA on the BNB Chain, Orbs demonstrates its commitment to achieving its goals across various ecosystems.
Hot Take: Strengthening DeFi with Strategic Investments
The investment made by Orbs in THENA showcases the importance of strategic partnerships in the DeFi space. By providing financial support and technical solutions, Orbs aims to enhance the user experience and drive growth in the Asian onchain market. This collaboration also highlights the potential of integrating Orbs’ protocols into existing platforms to offer advanced trading features. As the DeFi industry continues to evolve, investments like these contribute to the overall development and expansion of decentralized finance.
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