Meet Thala Labs
Stablecoins are one of the only use cases of DeFi that have reached scale and seen consistent use. Yet decentralized stablecoins face a thus far unsolved trilemma of issues: peg stability, security, and capital efficiency.
Existing solutions make significant sacrifices attempting to solve two, or even just one of the above-mentioned issues. These stablecoins also lack deep integrations in DeFi due to the prevalence of centralized competitors.
Enter Thala Labs.
Thala Labs is building an over-collateralized, decentralized stablecoin, first for the Aptos blockchain.
We spent months researching existing stablecoins to understand what they do best and where they fall short. When launched, our over-collateralized stablecoin, Move Dollar (or “MOD”), will be focused on solving the aforementioned trilemma.
This will be accomplished through monetary policy levers such as dynamic interest rates, collateralization, capital optimization by mobilizing collateral, and a business development strategy focused on meaningful integrations and long-term liquidity.
Thala is concurrently developing other products to ensure MOD’s ubiquity on the Aptos blockchain. These include an AMM, with preferential fees and features to pools that integrate MOD, and a launchpad that will incentivize all Aptos projects to diversify their treasury assets into MOD. By launching products that are deeply synergistic with MOD and focusing on day one integrations, our stablecoin can become a fundamental pillar of the Aptos DeFi ecosystem.
Our goal is simple: to build scalable, decentralized, and composable DeFi primitives.
Aptos First
Thala will first deploy its applications onto Aptos, created by Aptos Labs. Aptos is a highly-performant layer-one blockchain built on Move, a newly-developed language optimized for scalability and security.
Over the past year, Thala contributors have built close connections with Aptos Labs and continue to maintain contact to streamline launch and product plans.
Future deployments on other chains may be considered, though as of now, we are focused solely on Aptos. We’d love to hear more about what other chains you think Thala should Move to.
Launch Plans
More details about Thala’s launch plans, along with our protocol documentation, will be shared shortly, so make sure to subscribe to our social media channels.
We will be soon setting up a Discord group to allow you, the community, to learn and weigh in on what is being built.
More to come! Stay tuned.
Thala Labs is an organization focused on deploying innovative DeFi products on Aptos. We at Thala Labs are a group of passionate builders, researchers, and engineers with diverse experiences and expertise. Our founding contributors and advisors have both crypto-native and traditional tech backgrounds, including MakerDAO, ParaFi Capital, NEAR, Twitter, Apple, Google, and Amazon.
Website: https://www.thalalabs.xyz
Twitter: https://twitter.com/thalalabs
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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