Thala is a $PYTH Retrospective Airdrop Recipient
Thala is a $PYTH Retrospective Airdrop Recipient
We are excited to share that Thala was part of the Pyth Network Retrospective Airdrop program. As long-time users of the Pyth price feed and now also Pyth data publishers, we are committed to contributing to the Pyth ecosystem over the long term!
Pyth x Thala
Firstly, how do we utilize Pyth? As a DeFi hyperapp on Aptos, Thala offers a broad array of products, ranging from Move Dollar (MOD) to Thalaswap and Thala LSD. Each of these products integrates Pyth price feeds; for instance, MOD relies on Pyth prices to calculate the collateral needed to mint MOD and to trigger liquidations if the collateral prices drop below the Minimum Collateral Ratio (MCR).
What will Thala do with these PYTH Tokens?
Thala plans to allocate these tokens towards several key areas:
- Covering publishing fees for various assets, including MOD, sthAPT, and THL, with more assets expected to be added soon.
- Enhancing the integration of PYTH price data feeds that we publish across the ecosystem, expanding their usage and accessibility.
- We are supporting strategic, operational, and marketing efforts to grow and sustain our initiatives.
Moreover, the airdrop will be instrumental in our ongoing efforts to enhance and deepen our integration with the Pyth network, ensuring continuous improvement and collaboration within the ecosystem.
Why Pyth?
Being one of the best oracles for price feeds in the market, integrating Pyth was a no-brainer for us. We have been using Pyth Price Feeds from day one because:
- Pyth was among the first oracle providers for Aptos.
- It offers wide coverage of assets, facilitating the addition of a broader range of collateral for MOD.
- Its security measures, such as confidence intervals, enhance reliability.
- The high update frequency and lightning-fast price updates are crucial for DeFi operations on high-performance blockchains like Aptos.
- Integration is straightforward and supported by an extremely responsive team!
https://x.com/adamcader_/status/1731120247137263716?s=20
Since integrating Pyth, we have facilitated over $150 million in swapping volumes and $100 million in Total Value Locked (TVL), with more than $20 million in value directly secured by Pyth!
What’s next?
We remain dedicated to contributing to the Pyth ecosystem, and we take pride in being the first Pyth data publisher on Aptos. Moving forward, we plan to:
- Publish price feeds for additional assets listed on our DEX, Thalaswap.
- Introduce PYTH tokens as collateral for minting MOD.
- Expand the integration of Pyth price feeds, including MOD, THL, and sthAPT, across the Aptos DeFi ecosystem.
We are excited about our upcoming plans for more in-depth Pyth integrations — so stay tuned. Explore Thala today to discover the capabilities of Pyth, and visit the Pyth Network for further information.
We are excited to share that Thala was part of the Pyth Network Retrospective Airdrop program. As long-time users of the Pyth price feed and now also Pyth data publishers, we are committed to contributing to the Pyth ecosystem over the long term!
Pyth x Thala
Firstly, how do we utilize Pyth? As a DeFi hyperapp on Aptos, Thala offers a broad array of products, ranging from Move Dollar (MOD) to Thalaswap and Thala LSD. Each of these products integrates Pyth price feeds; for instance, MOD relies on Pyth prices to calculate the collateral needed to mint MOD and to trigger liquidations if the collateral prices drop below the Minimum Collateral Ratio (MCR).
What will Thala do with these PYTH Tokens?
Thala plans to allocate these tokens towards several key areas:
- Covering publishing fees for various assets, including MOD, sthAPT, and THL, with more assets expected to be added soon.
- Enhancing the integration of PYTH price data feeds that we publish across the ecosystem, expanding their usage and accessibility.
- We are supporting strategic, operational, and marketing efforts to grow and sustain our initiatives.
Moreover, the airdrop will be instrumental in our ongoing efforts to enhance and deepen our integration with the Pyth network, ensuring continuous improvement and collaboration within the ecosystem.
Why Pyth?
Being one of the best oracles for price feeds in the market, integrating Pyth was a no-brainer for us. We have been using Pyth Price Feeds from day one because:
- Pyth was among the first oracle providers for Aptos.
- It offers wide coverage of assets, facilitating the addition of a broader range of collateral for MOD.
- Its security measures, such as confidence intervals, enhance reliability.
- The high update frequency and lightning-fast price updates are crucial for DeFi operations on high-performance blockchains like Aptos.
- Integration is straightforward and supported by an extremely responsive team!
Since integrating Pyth, we have facilitated over $150 million in swapping volumes and $100 million in Total Value Locked (TVL), with more than $20 million in value directly secured by Pyth!
What’s next?
We remain dedicated to contributing to the Pyth ecosystem, and we take pride in being the first Pyth data publisher on Aptos. Moving forward, we plan to:
- Publish price feeds for additional assets listed on our DEX, Thalaswap.
- Introduce PYTH tokens as collateral for minting MOD.
- Expand the integration of Pyth price feeds, including MOD, THL, and sthAPT, across the Aptos DeFi ecosystem.
We are excited about our upcoming plans for more in-depth Pyth integrations — so stay tuned. Explore Thala today to discover the capabilities of Pyth, and visit the Pyth Network for further information.
About Thala:
Thala is a decentralized finance protocol powered by the Move language, enabling seamless borrowing of a decentralized, over-collateralized stablecoin, 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.
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.
