Thena, a well-known decentralized exchange (DEX), has announced an exclusive partnership with Lido Finance, a reputable player in the crypto market known for its exceptional liquid staking Ethereum (ETH) services. The news was shared by Thena on its official X account, extending a warm welcome to Lido Finance in the BNB Chain ecosystem.
We are thrilled to welcome @LidoFinance and Ethereum’s leading liquid staking token to @BNBCHAIN!
Our partnership kicks off with two strategies, now LIVE with exciting rewards:
✨ $ETH/wstETH by @GammaStrategies
✨ $wstETH/BNB by @ichifoundation pic.twitter.com/eagXMvLoHU— THENA (@ThenaFi_) August 16, 2024
Through this collaboration, Lido Finance will introduce its popular liquid staking token, wrapped staked Ether (wstETH), to the BNB Chain ecosystem. This partnership signifies a significant milestone for both Lido Finance and Thena, paving the way for exponential growth for both crypto entities.
Thena and Lido Finance Partnership: Launching Two Strategies
This partnership is a major achievement for Lido Finance, as it brings its sought-after leveraging token wstETH to Thena. The partnership has unveiled two innovative and enticing strategies.
The first strategy, $ETH/wstETH, will be managed by Gamma Strategies, a prominent DeFi player. This strategy allows users to earn rewards by providing liquidity for the $ETH/wstETH pair and staking Ether.
The second strategy, $wstETH/BNB, is introduced by the Ichi Foundation, known for its expertise in stablecoin solutions. Users can earn rewards by staking the $wstETH/BNB pair through this strategy.
Empowering Users to Earn Rewards and Maximize Profits through Leveraging
This collaboration between Thena and Lido Finance offers attractive rewards for users, along with the opportunity to maximize earnings through leveraging, a core strength of both platforms. This partnership aims to create a win-win situation for all parties involved.