Since the mainnet launch of the Thala protocol earlier this year, Thala has managed to build out a robust suite of primitives on Aptos while spearheading ecosystem growth through various open-source initiatives, including Thala OSS, Surf SDK, and more.
To ensure continual growth of Thala’s existing and future products alongside the broader Aptos ecosystem, we’re excited to announce the launch of Foundry — a joint incubator initiative with the Aptos Foundation to onboard the brightest builders to the ecosystem and help ambitious founders take their product from zero to one.
Thala Foundry is a DeFi-centric incubator built to support and grow the Aptos ecosystem. With $1 million in initial funding from Aptos (and the aim to scale this), the incubator will fund selected Aptos-native projects anywhere between $50,000 — $250,000.
Beyond funding, the core contributors at Thala Labs will also actively assist cohort projects in various capacities, including fundraising, tokenomics design, protocol architecture, development, security, and more.
We strongly believe that growing an ecosystem necessitates inter-protocol synergies at the application level, and we’re excited to support teams building the next generation of innovative primitives on Aptos. Some verticals that we’re particularly interested in supporting include but are not limited to:
- Asset origination and tokenization
- Lending primitives
- Synthetics and Perpetual DEXes
- SocialFi and GameFi
- Liquid staking derivatives
- Infrastructure enabling Aptos DeFi
The long-term success of Aptos as a network is dependent on its on-chain economic activity. With our expertise in DeFi and experience building with Move on Aptos, Thala is committed to incubating both proven primitives and novel ideas that will bring unique value to the ecosystem.
Whether you’re an early-stage protocol working towards mainnet, or a solo founder still honing in on an idea, we’d love to chat! Apply here or reach out to us directly at email@example.com.
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.
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