Orbs announced a $600,000 investment in THENA (THE) to expand its core product and increase its Total Value Locked (TVL). In addition to the funding, Orbs will provide technical solutions to the decentralized finance (DeFi) protocol.
Notably, the blockchain infrastructure company Orbs operates the Orbs Network (ORBS). The project has existed since 2017, and both the network and token since 2019. Meanwhile, THENA is a decentralized exchange (DEX) and liquidity protocol running on the BNB Chain (BNB).
As communicated to Finbold, the $600,000 investment aims to refine THENA’s user experience. Both projects also want a larger share of the Asian onchain market, which should be facilitated with the funding.
This endeavor will focus on growth-hack strategies, user engagement, and onboarding. In particular, THENA will allocate a tranche of the investment to its treasury as a strategic reserve.
Orbs and THENA partnership
Ankit Saxena, THENA co-founder and CEO, expressed his views on this grow
We współpracy z: https://finbold.com/orbs-invests-600k-to-improve-a-bnb-chain-dex-protocol/
