Thala’s token generation event (TGE) will begin tomorrow, running from March 31st 11PM UTC to April 5th 11PM UTC. Please note that only LayerZero USDC ($zUSDC) will be supported for our liquidity bootstrapping pool (LBP).
Thala has partnered with LayerZero for their highly secure bridging technology and their existing USDC liquidity on Aptos. Both $THL and $MOD will be available on other Move blockchains through LayerZero’s omnichain fungible token (OFT) standard in the near future.
There have been several questions from the community regarding best practices for bridging to Aptos and acquiring $zUSDC, which is the token asset paired against $THL in the LBP.
LayerZero USDC: 0xf22bede237a07e121b56d91a491eb7bcdfd1f5907926a9e58338f964a01b17fa::asset::USDC
In this short blogpost, we will cover the process of bridging $USDC from other networks utilizing the official Aptos bridge powered by LayerZero.
- Go to https://theaptosbridge.com/bridge
- Connect your EVM compatible wallet
- Connect your Aptos compatible wallet
- Select $USDC and enter desired amount
- Click ‘Transfer’
1) Prepare Wallet and Tokens
To begin, $USDC is needed in an EVM-compatible wallet. Please note that gas fee will be needed on the original network to process your bridge transaction.
2) Connect to the LayerZero Aptos bridge
Visit the official bridge by LayerZero at https://theaptosbridge.com/bridge
On the homepage, click ‘Connect Wallet’ on the top right corner. Select your EVM compatible wallet provider and authorize the connection. You will also need to select an Aptos wallet provider.
3) Select Bridge Asset
Selecting the source and destination networks isn’t needed as it’s done for you! The source network will default to whichever network the EVM wallet is connected to. For our TGE, $USDC is needed to swap for $THL, so select USDC from the list of available tokens.
4) Enter the Token Amount
Input the amount of tokens (USDC) desired for bridging to Aptos. If you need a gas top-up on Aptos, press ‘Add’ that is available to the right of ‘Gas on Destination’ at the bottom of the bridge application. Please note that the maximum amount of $APT that can be received for gas is 1.
5) Sending the Transaction
To confirm and execute the bridge transaction, first click the ‘Bridge Tokens’ button and confirm the transaction in your wallet. After executing the transaction, the LayerZero bridge will process the transfer — which can be tracked on the bridge interface.
6) Receive Bridged Tokens on Aptos
Once the bridging process is completed, you will receive your tokens in your chosen Aptos wallet. Please note that you need to register and claim the bridged assets if it’s the first time interacting with the token. This can be done by interacting with the claim button under the ‘Unclaimed’ heading available by clicking on either wallet address.
We hope that this guide answered any questions that you may have had about bridging to Aptos. WIth the start of the $THL TGE tomorrow, the LayerZero bridge UI will also be available at thala.fi/bridge. If you have more questions or issues, please join our community. We’ll be expecting you in the coming days!
Thala is a decentralized finance protocol powered by the Move language, enabling seamless borrowing of a decentralized, over-collateralized stablecoin in Move Dollar and capital-efficient liquidity provisioning via a rebalancing AMM on the Aptos blockchain.
This article by Thala Labs and/or its affiliates (“we”, “us” and “our”) is for information purposes only. We do not provide tax, legal, insurance or investment advice, and nothing in this article should be construed as an offer to sell, a solicitation of an offer to buy, sell or issue or subscribe for, or a recommendation for any security, investment, cryptocurrency, token or other services, product or commodity by us or any third party. You alone are solely responsible for determining whether any purchase, sale, investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your personal objectives and personal and financial situation and for evaluating the merits and risks associated with the use of the information in this article before making any decisions based on such information or other content. You should consult a lawyer and/or tax professional regarding your specific legal and/or tax situation. Past performance is no guarantee of future results. Therefore, you should not assume that the future performance of any specific investment, cryptocurrency, token, commodity or strategy will be profitable or equal to corresponding past performance levels. Inherent in any such transaction is the potential for loss. No recommendation or advice is being given as to whether any transaction is suitable for a particular person. By accessing this article, you acknowledge and agree to all of the foregoing and that you bear responsibility for your own research, due diligence and transaction decisions. You also agree that we, our affiliates and our respective directors, officers, employees, consultants, shareholders, members, representatives, advisors and agents will not be liable for any decision made or action taken by you and others based on this article, news, information, opinion, or any other material published, discussed or disseminated by us.
This article contains forward-looking statements or forward-looking information (referred to collectively as “forward-looking statements”). Forward-looking statements can be identified by words such as: “anticipate”, “intend”, “plan”, “goal”, “seek”, “believe”, “predict”, “project”, “estimate”, “expect”, “strategy”, “future”, “likely”, “may”, “should”, ”would”, “will”, and similar terms and phrases and the negatives of such expressions, including references to assumptions. Examples of forward-looking statements in this article include, among others, statements we make regarding our future plans, expectations and objectives.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: reliance on blockchain technology and blockchain technology service providers; digital asset transactions being irrevocable and losses occurring from such transactions; our use and reliance on proprietary data and intellectual property in its business; potential misuses of digital assets and malicious actors in the digital asset industry; digital assets potentially being subject to hold periods; developments and changes in laws and regulations; and disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment. Readers are cautioned that the foregoing list is not exhaustive.
Any forward-looking statement made by us in this article is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.