The biggest #Move DeFi platform is coming to the Movement Network!
@ThalaLabs is going Modular 🧱
Thala brings a full DeFi suite featuring a DEX, stablecoin, liquid staking, launchpad & more.
And now these amazing products will have access to EVM users & liquidity with M2 ⚡️
Created by some of the best #Move builders around, Thala's platform boasts over $200 million TVL on #Aptos.
Integrated in a single dApp, Thala offers:
👉 Thala Swap DEX & liquidity pools
👉 Move Dollar $MOD, a CDP stablecoin
👉 $sthAPT, liquid staked $APT
👉 Token launchpad
Expanding to M2 positions Thala to become one of the biggest next-gen Ethereum protocols.
With full #AptosMove compatibility, our SDK allows Thala to launch natively on M2 and retain all the safety and speed of #Move while gaining full access to EVM users and liquidity.
twitter.com/movementlabsxyz/status/1752799376458776789
Thala is also incubating the next wave of great #Move DeFi projects like @EchelonMarket, a money market on #Aptos, now with the potential to launch on M2.
Thala & Movement are strategically aligned to grow the #Move ecosystem & expand it to the modular multi-chain landscape.
Let's look at each of Thala's offerings that power their DeFi HyperApp and Liquidity Engine 🔥
▶︎ Thala Swap
At the heart of Thala is the AMM DEX. Fueled by weighted, stable, and liquidity bootstrapping pools, Thala Swap provides fast, efficient swaps and deep liquidity.
▶︎ Move Dollar ($MOD)
Move Dollar is an over-collateralized, yield-bearing stablecoin that is backed by a diverse basket of assets.
Providing outstanding captial efficiency, $MOD is used widely throughout #Aptos DeFi and will eventually make its way to M2 DeFi!
▶︎ Liquid staking
Thala also offers $sthAPT, the dominant $APT liquid staking derivative with 5 million $APT already staked.
$sthAPT allows holders to earn #Aptos staking rewards while still being able to use their $APT in DeFi throughout the ecosystem.
▶︎ Thala Launch
With the power of the liquidity bootstrapping pools of Thala Swap, Thala Launch offers a launchpad for decentralized token launches.
Using a Balancer-style dutch auction projects can distribute tokens in a transparent fashion that is open to the community.
All of these features of Thala's HyperApp are composable and work together to build DeFi synergies between stablecoins, liquid staking derivatives, and liquidity pools that can be used throughout the #Aptos Ecosystem.
And soon it will all be available on Ethereum via M2 ⚡️
To learn more about all that Thala offers, visit: thala.fi/
Read more about our collaboration at medium.com/movementlabsxyz/thala-and-movement-collaborate-to-accelerate-the-growth-of-move-based-defi-7afbe46f23c3
About us:
Movement is a network of Move-based blockchains designed to pair smart contract security and parallelization with EVM liquidity and user bases. M2 is the first MEVM (Move + EVM) ZK L2 on Ethereum and is powered by Celestia, natively bringing the MoveVM to Ethereum
Build and grow #Move with us through our Open Builders Program.
Get connected with the team and other builders here: form.asana.com/?k=Xl2xu7DRyoQ-yUY-zMlnTg&d=1204965688263751
Join the Movement Community today!
Our community program offers special rewards and exclusive opportunities to everyone participating in the network: movementlabs.notion.site/movementlabs/Welcome-to-the-Movement-Community-Program-98b9a1115b954e228b9907952ed04e5b