THENA, the innovative blockchain platform, is thrilled to announce the latest update to ALPHA, its intent-based decentralized derivatives exchange. Powered by IntentX, Orbs, and SYMMIO, the new version is now live on the BNB Smart Chain, with opBNB, BNB's high-performance optimistic layer 2 solution, set to follow soon.

This upgrade represents a significant advancement, enhancing the user trading experience with intuitive, informative, and customizable features. Additionally, the end of the beta phase heralds the launch of the Trade2Earn Program, designed to scale up trading volume and scheduled to commence at 00:00 UTC on April 27, 2024.

Key Improvements:

Trade2Earn Program: The program launches with a daily $1,000 reward pool distributed based on trading volume share per day, automatically enrolling users in the rewards for the current day upon trading activity.

Enhanced User Interface: Users benefit from advanced account analytics, grouped positions, customizable layouts, a refined search bar, faster page loading, and an order depth view.

Order Management Innovations: New polling system for more efficient order handling, floating order notification system, and a comparison tool for estimated vs. current slippage.

Risk Management Tools: Introduction of Stop Loss and Take Profit functions directly within the platform, estimated liquidation prices, and improved solvency indicators.

ALPHA leverages IntentX's proprietary SL/TP solution integrated with SYMMIO core contracts, ensuring orders are executed at user-specified price points with minimal delay and no gas cost.

At this stage, the system is optimized for medium and long-term strategies, with further enhancements planned for the future.

Innovating with INTENTS:

ALPHA's innovative approach addresses the liquidity-security dilemma in the digital assets market by bridging CEX liquidity to the on-chain world through a unique Request for Quote (RFQ) and intent-based architecture. This approach provides a permissionless, secure, and isolated trading environment without custody or insolvency risks.

The integration of SYMMIO as a decentralized risk and exposure settlement layer ensures ALPHA's role as an OTC market facilitator, synchronizing market maker quotations with trader order flows.

ALPHA's Latest Upgrade and the Future of Decentralized Derivatives:

This upgrade marks the beginning of an exciting journey to scale the decentralized derivatives exchange on BNB and beyond. With the upcoming release of ARENA, THENA's social hub featuring fully permissionless and customizable trading competitions, the vision is set to reach new heights.

ALPHA's integration of cutting-edge technology revolutionizes on-chain derivatives, offering secure, affordable, and abundant liquidity to DeFi users. This innovation is poised to transform the on-chain derivatives landscape, ushering in a new era of leverage trading on the BNB Chain.