What is Thala Labs? Thala Labs is a DeFi protocol with a variety of products built and developed on the Aptos platform. Aptos is a blockchain platform that is attracting attention from the market. The DeFi puzzle is definitely one of the most notable pieces on the Aptos ecosystem.
However, with many projects from Solana moving to Aptos, this ecosystem has become extremely crowded from the beginning. So what’s different about Thala Labs? Let’s find out with Weakhand in this article.
What is Thala Labs?
Thala Labs aims to be an All in One DeFi protocol with a variety of different products:
- Move Dollar (MOD): This is a native stablecoin called MOD developed on Aptos. MOD will be integrated into many different DeFi projects. MOD is an overcollateralized stablecoin similar to DAI with collateral types such as coin/token, LP Token, RWA,…
- AMM: ThalaSwap is one of the AMMs on Aptos that aims to provide liquidity for many asset types and deep liquidity with some special assets like MOD.
- Launchpad: Thala Labs also aims to be a Launchpad platform for new projects on the Aptos ecosystem.
According to Thala Labs’ team, the product they will focus on building and developing is the over-collateralized stablecoin MOD (similar to DAI on Maker DAO, like VAI on Venus).
Development Roadmap
- July 13, 2023: Thala Labs launched version V2 with a focus on veToken model conversion and many other updates. To understand more about Thala V2, people can refer to the article Thala V2: Focusing on RWA to Breakthrough in the CDP Array.
Core Team
Thala Labs’ development and advisory team has a background in both traditional technology and cryptocurrency including Maker DAO, Parafi Capital, Near Protocol, Twitter, Apple, Google and Amazon.
Adam C: Co Founder
- Adam is a good student at the University of British Columbia. After graduating, Adam worked for more than a year at Parafi Capital investment fund.
Investor
- October 25, 2022: Thala Labs announced a successful fundraising of up to $6M with the leadership of ParaFi Capital, White Star Capital & Shima Capital, and also the participation of White Star Capital, Shima Capital, Beco Capital or LedgerPrime.
Tokenomics
Information about Thala Labs token
- Project name: Thala Labs
- Code: THL
- Blockchain: Aptos
- Token classification:
- Smartcontract:
- Total supply: 100,000,000
Token Allocation
- Team & Advisor: 20%
- Tresury: 15%
- Investors: 20%
- TGE: 10%
- Community: 35%
Token Use Case
Users holding THL tokens will be able to vote on Thala Labs’ change and development decisions. In addition, there will be a number of additional services such as reduced transaction fees on the platform, access to special channels on Discord or priority to use the platform’s latest products.
Exchanges
Update…
Thala Labs Information Channel
- Website: https://www.thalalabs.xyz/
- Discord: discord.gg/thala
- Twitter: @ThalaLabs
- Document: https://docs.thala.fi/thala-protocol-design/
- Medium:
Summary
Thala Labs brings a product that is not so new and special in the crypto market except for being at the forefront of a potential ecosystem. However, Thala Labs’ development team still has a lot of work to do as the infrastructure platform on Aptos is still very young.
Many projects working on collateralized stablecoins have failed because they had little impact on the ecosystem like DAI and there is still a lot to see in MOD.