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
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.
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.
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