Thala Engineering Monthly Update #1

April and May

This is the first post of our monthly Thala engineering update series, intended to keep our community up to date on what we’re building from a technical standpoint — as well as provide useful information to the wider Move builder community. On the 6th of each month, we will release a medium article recapping relevant development updates.

This post covers what we’ve been building since the protocols mainnet launch.

New Product Features

• Implement veTHL to add utilities to THL holders including participating in Thala DAO governance, earning proportional protocol fees, etc.
• Implement CDP farming to incentivize MOD borrowers with THL emission rewards.
• Implement Peg Stability Module to strengthen the peg between MOD and USDC.
• Implement a linear vesting schedule for all THL emissions to flatten the THL supply curve.
• Support flash loans on ThalaSwap.
• Build Parliament — an Aptos-native DAO governance tool that supports voting strategies including veToken to onboard ThalaDAO.

Product Improvements

• We’ve halved gas costs across all vault operations.
• Revamped stability (tweet), analytics (tweet), and swap pages.
• Add pagination support across all tables.
• Various bug fixes and user feedback addressed.

Ecosystem Integrations

• Integrated with DefiLlama and become the #1 project (TVL-wise) on Aptos. (tweet)
• Integrated with Coingecko.
• Supporting wTBT as collateral to borrow MOD as our first RWA integration. (tweet)
• Supporting CAKE as collateral to borrow MOD. (tweet)

Aptos Toolings

• Improved the developer experience of explorer.aptoslabs.com by adding the ability to view code, run transactions, and call view function API, all in browser! (tweet) (commits, commits)
• Built move-ts on top of the low-level official Aptos SDK, aiming to provide a type-safe and UX-friendly client for Aptos developers. Think viem but for Aptos. move-ts is currently under heavy development and we’re working to adopt it across our dApp codebase before officially releasing it to the community.

June (WIP)

• surf 1.0 release
• Open-source thala-modules
• Mainnet 2.0 release
• [REDACTED] xchain Ethereum <> Aptos treasury bill integration
• Money market testnet launch on Aptos