Preparing for Mainnet

Thala Labs
5 min readApr 5, 2023

After months of development, multiple audits, extensive testing, and a successful TGE, Thala will soon be live on Aptos mainnet! As a reminder, the dApp will be live around 12AM UTC, April 6th — approximately one hour after the conclusion of our Token Generation Event.

As we get ready for mainnet launch, we’ve prepared all the necessary information below.

What is Thala?

Thala is a DeFi hyper-app made for Move-based blockchains. Thala offers three core products:

  • Move Dollar ($MOD): a decentralized, over-collaterized stablecoin that vault depositors can borrow against whitelisted collateral
  • ThalaSwap: a rebalancing AMM that features stable pools, weighted pools and liquidity bootstrapping pools, with permissionless, highly-customizable deployment
  • ThalaLaunch: a token launchpad that leverages ThalaSwap’s liquidity bootstrapping pools (LBPs) to enable equitable distribution and effective price discovery

Move Dollar

At launch, Thala will implement a series of mint caps designed to limit exposure to certain assets to diversify MOD’s backing as a decentralized stablecoin. We believe this is necessary for creating a truly decentralized store of value, medium of exchange, and unit of account all at parity with the US dollar. With this in mind, initial mint caps and minimum collateral ratios (MCRs) for our collateral vaults are as follows.


At launch, Thala will bootstrap liquidity for select pairs to ensure there is ample liquidity for trading. In addition to earning swap fees, liquidity providers can stake their liquidity pool token (LPT) into whitelisted farms to earn $THL. Please note that protocol-owned-liquidity will not be eligible to receive $THL emissions, ensuring undiluted yields for the community.

In addition to liquidity being available on ThalaSwap, we’ve partnered with other premier decentralized exchanges on Aptos for $THL pairs. Approximately three hours after mainnet, $THL-APT will be available on PancakeSwap. Liquidity providers will be able to stake their LP tokens in PancakeSwap farms to earn $CAKE rewards.

What’s Next?

This is just the beginning of Thala’s journey in becoming the DeFi hub of Aptos. In our roadmap, we cover current expansion plans and protocol upgrades with veTHL, tokenomics V2, real world assets, cross-chain deployment, and more. For winners of our LBP leaderboard, please look out for an announcement in the next few days regarding results and claims UI. Unsold tokens from the TGE will be returned to the treasury.

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.



Thala Labs

Thala is a decentralized finance protocol on the Aptos blockchain.