As we look back on the third quarter of 2024, we’re excited to announce a major milestone — over 1,000 users have interacted with our app! We’ve made significant progress, from strong community growth to kicking off our beta and gathering valuable insights from our early users. We’re looking forward to what’s ahead in the next quarter and continuing to build on this momentum!
Revisiting Thane’s Core Mission
At the heart of Thane lies a commitment to simplify the DeFi experience. We’ve dedicated ourselves to making decentralized finance accessible, intuitive, and community-driven.
Simplifying DeFi
We streamline the most popular chains and dApps into an intuitive, easy-to-use interface, making self-custody and cross-chain trading frictionless. Our goal is to eliminate the barriers that often deter users from engaging with DeFi. By integrating multiple chains into a single platform, we allow users to trade, invest, and manage their assets without navigating complex workflows. Plus, our social features transform DeFi into a community-driven experience, allowing users to explore and invest together.
Our Key Principles
- Your Keys, Your Crypto: We empower users with full asset custody, ensuring that they maintain complete control over their funds without relying on third parties. Our onboarding process is designed to be quick and straightforward, featuring social login options that make it easy for anyone to get started.
- Easily Discovery DeFi Trends: Navigating the DeFi landscape can be overwhelming. Thane simplifies this journey by providing curated insights and trends that help users make informed decisions. Whether you’re a novice or an experienced trader, our platform offers the tools needed to explore what others are doing in the space.
- Experience DeFi Effortlessly: With Thane, users can access DeFi’s full potential from a single portal. We handle the complexities of various chains and protocols so that you can focus on what truly matters — trading and investing effectively.
- Explore DeFi Together: Our social features enable users to showcase their trading strategies and follow others on-chain. This transparency allows for portfolio tracking and strategy sharing within Telegram, making DeFi a collaborative experience.
Opening up the DeFi ecosystem
Fragmentation is a well-known challenge in the crypto space, often preventing users from fully exploring the diverse ecosystems available. Moving assets across chains can be cumbersome, causing many to abandon the process altogether. At Thane, our mission is to make onboarding into these ecosystems seamless, whether users are transitioning from another chain or entirely new to the space. While the infrastructure for a smooth cross-chain experience exists in theory, our focus is on integrating the pieces and delivering an optimal user experience to make this a practical reality for end users.
Currently, Thane supports trading across 6 EVM chains: Ethereum, Polygon, Base, Arbitrum, Avalanche, and Binance Smart Chain, and Solana. Looking ahead, we’re excited to add even more chains from different ecosystems to truly make all of DeFi accessible to our users.
Highlights and Achievements
Product Development Milestones
- User Engagement: Since launching the Thane App Beta, we’ve seen over 1,000 users engaging with our platform. This milestone reflects our commitment to creating a user-friendly environment where everyone can participate in DeFi.
- Token Offerings: We’ve expanded our token offerings to more than 150 assets. This diverse selection enhances trading options for our users and allows them to explore various investment opportunities across different sectors.
- Cross-Chain Swaps: Implementing cross-chain swaps with optimized routing has been a game-changer for our platform. Users can now execute trades seamlessly across multiple chains without worrying about the underlying complexities.
Community Growth and Engagement
Our community is the backbone of Thane, and we’re thrilled to see it flourish:
- Thane Learn to Earn Program: We recently launched this initiative featuring daily trivia challenges combined with social quests and referral mechanisms. Early results have shown great engagement levels as users participate in fun ways while learning about DeFi Join Here.
- Community Conversations: The community is growing strongly, leading to insightful discussions about market trends and investment strategies. We encourage all members to engage actively in these conversations through our Telegram channel Join Here.
Partnerships and Recognitions
We’re excited to announce:
- Grant from Polygon x Farcaster: We were awarded a grant to help make Thane accessible as a Farcaster Frame — an exciting milestone that enhances our social experience and allows us to tap into a crypto-savvy audience. This group will serve as an ideal early user base as we refine our platform, to ultimately onboard newcomers to the crypto space.
- Radar Hackathon Participation: We’re thrilled to be participating in the Radar Hackathon and couldn’t be more excited to integrate Solana as part of it. The support from Solana, especially Superteam Singapore, has been invaluable and highlights the strength and vibrancy of this wonderful community.
Early User Feedback
Your feedback is invaluable, and we’re listening:
- Positive Reception: Users have praised the app’s interface for its intuitiveness and ease of use. We’re continuously working on enhancements based on your suggestions.
- Key Poll Results: Recent polls indicate that users love the interface of the app but are looking forward to a social login option for easier access.
- Identified Challenges: Some users are struggling with understanding the criticality around seed phrases and the complexities associated with different blockchain technologies. Many have expressed confusion regarding gas fees associated with transactions across various chains. We recognize that abstracting away these complexities is key to making DeFi accessible for everyone.
Educational Initiatives
We believe in empowering our users with knowledge:
- Learn to Earn: Our daily trivia challenges feature 5 questions, with 2 specifically designed to enhance financial literacy and deepen understanding of DeFi and crypto.
- Weekly Articles: Our team has been publishing weekly articles focused on current DeFi trends, helping users stay informed about market movements and new opportunities.
- Myth-Busting Content: We’ve created content aimed at dispelling common misconceptions in DeFi. This initiative helps clarify complex topics so that all users can engage confidently in their financial decisions.
Roadmap: Charting Our Future Course
As we look to the future, we’re excited about the innovations and improvements on the horizon:
Product Enhancements
- Saving & Yielding Opportunities: We’re close to releasing our first saving option based on stablecoin yield via Aave. This feature will allow users to earn passive income while maintaining control over their assets.
- Building Social DeFi Capabilities: At Thane, we believe SocialFi is essential for making DeFi more accessible. Traditional methods of copying investment strategies can be cumbersome; therefore, we’re enabling users to share portfolios and trades directly on our platform while verifying performance through on-chain data.
- Farcaster Frame Integration: As part of our ongoing commitment to accessibility, we will be integrating Farcaster Frame into our platform soon. This integration will further enhance our social features and provide users with more ways to interact with DeFi in a community-driven environment.
Closing Thoughts
As we continue to grow and evolve, our commitment to the Thane community remains unwavering. Your feedback and support mean the world to us and help shape the future of Thane to better meet your needs!
We invite you all to:
- Continue participating in our beta testing — your input is crucial.
- Share Thane within your network; together we can expand this vibrant community!
Stay Connected
Stay tuned for regular updates via Telegram Join Here and follow us on social media channels for real-time news about upcoming events or initiatives!
As we embark on this next phase of our journey together, we’re excited about the possibilities that lie ahead. Together, we’re not just using DeFi; we’re redefining it! Thank you for being an integral part of the Thane revolution!
