Introducing Thala Foundry

Thala Labs
5 min readSep 27, 2023

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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.

Introducing Foundry

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.

Let’s chat

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 team@thalalabs.xyz.

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.

Website: http://thala.fi/

Foundry: https://thalalabs.typeform.com/foundry

Discord: https://discord.gg/thala

Twitter: http://twitter.com/thalalabs

Documentation: https://docs.thala.fi

Disclaimer

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.

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Thala Labs
Thala Labs

Written by Thala Labs

Thala is a decentralized finance protocol on the Aptos blockchain.