🧵 Thread

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Introducing the first #Aptos native over-collateralized stablecoin $MOD built by @ThalaLabs with CDP and other modules designed to scale $MOD across the broader Aptos ecosystem Below is a thread of Thala's matrix, accomplishments, and where they're headed 👇

1/ Thala is a DeFi protocol native to the #Aptos blockchain. The protocol revolves around two key products: Move Dollar ( $MOD ) and Thala Swap.

2/ $MOD is an over-collateralized, yield-bearing stablecoin backed by a basket of both native and multi-chain collateral assets including liquid-staked derivatives, liquidity pool tokens, deposit receipt tokens, and RWAs which ensure its decentralized, censorship-resistant nature

3/ Thala's protocol parameters (borrow ratio, redeem, liquidation process) aim for $MOD to remain over-collateralized at all times, with additional levers ensuring a robust $1 peg, like $DAI powered by @MakerDAO, which is now the most decentralized stablecoin on Ethereum

4/ Thala Swap is an AMM that enables dynamic pool weightings. Thala AMM takes inspiration and iterates on the @Balancer and @CurveFinance models ThalaSwap supports weighted pools, stable pools, and liquidity bootstrapping pools

5/ Given enough liquidity, key liquidity pool tokens such as $APT-$MOD, $MOD-$USDC, and $THL-$MOD, can be used as a collateral type in the CDP if approved through governance, opening up strategies that allow users to leverage their position and earn a higher yield

6/ Thala Swap not only aims to become the core liquidity hub of #Aptos, but to also bolster $MOD’s use-case and yield opportunities thalalabs.medium.com/thalaswap-the-liquidity-hub-of-aptos-1286baa1e6e4

7/ Thala's testnet is now live and you could give it a shot with the two core products aforementioned👇 twitter.com/ThalaLabs/status/1629259906686795776

8/ During the testnet event, Thala's unique users have reached 25k+, with an average DAU at around 6k-9k and other pumping stats such as 209K+ Total Txs testing the product robustness app.sentio.xyz/thala-labs/thala/dashboards/EFfCStTy

9/ Built on top of ThalaSwap, ThalaLaunch leverages a special pool type called Liquidity Bootstrapping Pools (LBPs). LBPs are a pool type that automatically changes the weights of pooled assets to produce a more equitable distribution for projects to kickstart their communities

9/ Besides LBPs, ThalaLaunch has an extensive roadmap that will allow teams even more flexibility in bringing their projects to market with ideas including Batch Auctions, Randomized Distribution, Airdrop Tools, etc thalalabs.medium.com/introducing-thalalaunch-d0cecd6ffef5

10/ In Oct 2022, @ThalaLabs raised a $6M seed round co-led by @shimacapital, @paraficapital, and @WhiteStarCap to build DeFi Suite on #Aptos, which has been so far one of the biggest deal sizes amongst web3 startups on Aptos theblock.co/post/177279/parafi-backs-thala-labs-6-million-raise-to-build-defi-stack-on-aptos-exclusive

11/ Fun fact that Co-Founder @adamcader_ was prev. Investments @paraficapital might be reasonable for ParaFi leading Thala's seed round CTO @_0xbe1, prev. @MessariCrypto @twitter @google @amazon has been dedicated to GitHub contributions

12/ Other founding contributors and advisors have both crypto-native and traditional tech backgrounds from @MakerDAO, ParaFi Capital, @NEARProtocol, Twitter, Apple, Google, and Amazon

13/ Other backers: double audited by @osec_io and @zellic_io, primary oracles: @PythNetwork and @switchboardxyz, all of above are Top-notch players in according sectors

14/ Upcoming Keyword: RWAs Thala has been working on integrating credit, treasury bills, real estate debt kits, and blue-chip stocks as collateral to diversify use cases upon $MOD, including partners: Credix, @Cetrifuge, and @goldfinch More details in CN twitter.com/sal_hotpot666/status/1630412504831766528

15/ For more details about Thala's first LBP, $THL launch, and unpublished roadmap, plz follow @ThalaLabs If you are also interested in #Move native projects, feel free to RT, like, comment, and discuss with me! Massive thanks for all kinds of support!