# Thena Fusion Token incentives Methodology

## 1. Overview

Token incentives is measured as the value of native THE tokens paid out to liquidity providers within Thena Fusion. These distributions are primarily utilized to compensate users for providing liquidity to the protocol's automated market maker (AMM) pools. The metric is analogous to stock-based compensation in traditional finance, representing the cost of attracting and maintaining capital within the ecosystem.

## 2. Data sources

- **Blockchain events**: `Gauge_Harvest` events from `Gauge` contracts and `Pool` events from `AlgebraFactory` contracts, covering BNB Chain
- **External data**: End-of-day price feeds for the native THE asset

## 3. Step-by-step calculation

### Component A: Reward distribution tracking

- **Purpose**: Captures the raw quantity of THE tokens distributed to stakeholders
- **Logic**: `Gauge_Harvest` events are parsed from `Gauge` contracts to identify reward distributions. The incentive amount is extracted from the reward field of each event. Each event is associated with a specific gauge contract address, which serves as the distribution point for an individual liquidity pool.

### Component B: Incentive account and pool mapping

- **Purpose**: Associates distributed rewards with specific Thena Fusion liquidity pools
- **Logic**: Incentive distribution addresses are joined with protocol-specific dimensions to identify the corresponding exchange accounts. Gauge addresses are mapped to their respective liquidity pool addresses using metadata captured from factory contracts, specifically `Pool` events from `AlgebraFactory` contracts. This mapping ensures that only incentive distributions related to Thena Fusion are included and facilitates the retrieval of pool-specific metadata, such as asset symbols and decimal precision.

### Component C: USD conversion and aggregation

- **Purpose**: Normalizes incentive values into a standardized USD denomination for reporting
- **Logic**: Raw token amounts are normalized by the asset's decimal precision. These normalized quantities are multiplied by end-of-day price feeds for the THE asset. Values are aggregated at a daily granularity using UTC day boundaries. A zero-filling strategy is applied to ensure a continuous time series for the product.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

Token incentives

Exchanges (DEX)

Liquidity providers deposit funds into Thena and stake their LP tokens to receive THE tokens (token incentives).

Thena is a non-custodial exchange protocol built on BNB Chain. Thena was founded by an anonymous team and launched in 2023.

THE tokenholders own and govern the protocol. They vote for pools where they wish to receive trading fees and external bribes from, while pools receive THE emissions in respect to their share of votes.

Thena Fusion

Archived

Token incentives

Token incentives

Chain breakdown