In a recent announcement from Helsinki, Finland, it was revealed that THENA has launched a new upgrade to ALPHA, their intent-based decentralized derivatives exchange. This upgrade is powered by a combination of IntentX, Orbs, and SYMMIO, and is now live on the BNB Smart Chain.
One of the major improvements introduced with this upgrade is the Trade2Earn Program, which offers a daily $1,000 reward pool distributed based on trading volume share per day. The platform also boasts an enhanced user interface, providing features like advanced account analytics, grouped positions, and customizable layouts. Additionally, improvements to the search bar and faster page loading have been implemented.
The new version of ALPHA includes innovations in order management, such as a new polling system for more efficient order handling and a floating order notification system. Users can also take advantage of risk management tools like Stop Loss and Take Profit functions directly within the platform. These tools offer front-end coordination with market makers for timely and gas-free order execution.
ALPHA’s innovative approach aims to solve the trade-off between centralized exchanges (CEXs) liquidity and decentralized exchanges (DEXs) security. By utilizing a unique Request for Quote (RFQ) and intent-based architecture, ALPHA bridges CEX liquidity to the on-chain world. This allows for a permissionless, secure, and isolated trading environment without the risk of custody or insolvency issues.
Future Developments and Integration
The recent upgrade to ALPHA marks the beginning of a journey to scale decentralized derivatives trading on BNB and beyond. With the upcoming release of ARENA, THENA’s social hub featuring fully permissionless and customizable trading competitions, the platform is set to expand its offerings even further. By integrating cutting-edge technology, ALPHA is changing the game for on-chain derivatives, delivering secure, affordable, and abundant liquidity to DeFi users.
THENA is a collaborative effort aimed at building the ultimate decentralized spot and derivatives exchange. It leverages the power of ve3,3 to serve as THE Liquidity Hub on BNB Chain, bringing together the best of DeFi solutions. The platform’s ultimate goal is to simplify DeFi and provide users with a seamless trading experience.
The latest upgrade to ALPHA by THENA represents a significant advancement in the world of decentralized derivatives trading. With enhanced features, improved user experience, and innovative solutions to common trading dilemmas, ALPHA is poised to become a leading player in the DeFi space. As the platform continues to evolve and integrate new technologies, users can expect even greater efficiency, security, and scalability for their trading needs.