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What is Thala Labs? Things to know about the Thala Labs . project
- What is Thala Labs?
- The main products of Thala Labs
- Move Dollar (MOD)
- Thala AMM
- Thala Launchpad
- Thala Labs . Development Team
- Investors
- Tokenomics
- summary
What is Thala Labs?
Thala Labs integrates many different DeFi products in one platform, built and developed on the Aptos blockchain – a Layer 1 network that received a lot of attention when it made an Airdrop of thousands of USD per user. .
As an All in One DeFi protocol, Thala Labs is likely to become the most notable DeFi puzzle piece on the Aptos ecosystem. In addition, this project has completed an audit from the audit unit Zellic from Aptos Labs. Those audit reports will be published and available in February 2023.
The main products of Thala Labs
At the moment, Thala Labs focuses on developing three main products including:
Move Dollar (MOD)
As native stablecoin developed on Aptos, oversecured similar to DAI with collaterals including coin/token, LP token, RWA… This stablecoin will be integrated into many different DeFi projects in the ecosystem attitude of Aptos.
To keep the MOD pegged to 1 USD, investors can only mint MOD lower than the value of the collateral, so that the total value of the collateral always exceeds the total value of the stablecoins in circulation.
Thala AMM
Thala Swap is an AMM DEX that allows weighting of different pools, including weighted pools, stable pools and liquidity bootstrapping pools… Besides being a regular AMM DEX, Thela Swap also serves as a core liquidity layer. for the Aptos ecosystem and ensure liquidity for the MOD stablecoin.
Thala Launchpad
Similar to other Launchpads, Thala Launchpad will take on the role of a place to help new projects on the Aptos ecosystem launch to the public.
According to the information that Thala Labs announced, the project is currently focusing on developing stablecoin MOD.
Thala Labs . Development Team
Thala Labs' team of developers and advisors is very experienced in both traditional technology and blockchain and cryptocurrencies. They are members from Maker DAO, Parafi Capital, Near Protocol, Twitter, Apple, Google and Amazon.
The most prominent is Adam Cader, currently the founder of Thala Labs. Adam graduated from the University of British Columbia and worked at the hedge fund ParaFi Capital.
Investors
On October 22, 2022, Thala Labs successfully raised $6 million in a Seed round led by funds ParaFi Capital, White Star Capital and Shima Capital. Also on the list of investors are Beco Capital, LedgerPrime, Saison Capital and Infinity Ventures Crypto.
Tokenomics
Information about THL token
- Project name: Thala Labs
- Code: THL
- Blockchain: Aptos
- Total supply: 100,000,000 THL
Allotment of THL tokens
- Team & Advisor: 20%
- Treasury: 15%
- Investor: 20%
- TGE: 10%
- Community: 35%
Benefits of THL
THL token holders will have the right to vote on the development and change decisions of Thala Labs. In addition, they will also receive a number of additional services such as reducing transaction fees and prioritizing the use of new platform products, or being added to a private group on Discord.
summary
Above is some information about the Thala Labs project and the THL token. Currently the project has not issued tokens and is in the Testnet stage. The TraderH4 team will soon post a tutorial to participate in the Testnet of the Thala Labs project . In general, the All in One model and the products of Thala Labs are not so new. However, this is a very important piece of the puzzle for a fledgling ecosystem like Aptos. Therefore, we can monitor more of the project's development journey in the future and then make an investment decision.
If you are interested in this project, you can follow the following social networking sites:
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