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Thala

Thala is a decentralized finance protocol on Aptos offering trading, yield, borrowing, stablecoin, and liquid-staking products. It serves users of the Aptos ecosystem seeking to swap assets, provide liquidity, earn yield, or borrow against on-chain collateral.
Distributed

VeTHL


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Description

veTHL allows Thala users to lock THL for a selected duration or lock vested esTHL without an early-withdrawal penalty. The resulting vote-escrow balance participates in weekly reward epochs and the protocol’s governance and incentive system.


Chains:
Aptos

Thala Launch


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Description

Thala Launch utilizes liquidity bootstrapping pools for token distribution, automatically adjusting pool weights to achieve fair price discovery and equitable token launches. The platform integrates with ThalaSwap for post-launch liquidity provision.

Category: Launch Pad

Thala Liquid Staking (ThAPT / SthAPT)


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Description

Thala Liquid Staking enables APT staking while maintaining liquidity through thAPT and sthAPT tokens. Users receive liquid staking tokens that accrue staking rewards and can be used across DeFi protocols while the underlying APT remains staked.

Category: Liquid Staking
TVL: $1.9M

Chains:
Aptos

Thala CDP (Move Dollar Vaults)


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Description

Thala CDP deploys collateralized debt positions for MOD stablecoin minting, accepting diverse collateral including liquid staking derivatives, LP tokens, and real-world assets. The system maintains over-collateralization while optimizing capital efficiency through yield-bearing collateral.

Category: Decentralised Borrowing & Lending

Move Dollar (MOD)


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Description

Move Dollar (MOD) is Thala’s stablecoin designed to trade at a $1 peg. It is minted against collateral exceeding the value of MOD issued; holders can redeem MOD for $1 worth of collateral less a redemption fee, and unsafe vaults are subject to liquidation. Its collateral includes native and multi-chain assets such as liquid staking derivatives, liquidity-pool tokens, and deposit receipt tokens.

Category: Stablecoin Issuance

ThalaSwap


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Description

ThalaSwap implements automated market making through dynamic pool weightings, enabling weighted pools, stable pools, and liquidity bootstrapping pools. The system optimizes capital efficiency while providing deep liquidity for trading pairs on Aptos.

Category: Decentralised Exchange
TVL: $2.6M

Chains:
Aptos

Thala Foundry


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Description

Thala Foundry provides grants and incubation services for DeFi projects built on Aptos, offering funding from $20,000 to $250,000 alongside engineering assistance and infrastructure support. The program prioritizes impactful DeFi applications that leverage Aptos-specific capabilities and novel mechanism designs.

Category: Grants Platform