THL
No. 682Price
Markets
Market | Price | 24H Change | 30D Change | 24H Volume | 24H Value |
|---|
- Coin Introduction
1. Project introduction
Thala is a decentralized finance (DeFi) protocol native to the Aptos blockchain. The protocol revolves around two key products: Move Dollar and Thala Swap.
Stablecoin: Move Dollar, or MOD, is an Aptos-native stablecoin used to transact, facilitate, and interact with various other DeFi protocols in the ecosystem, while acting as a store of value, a medium of exchange, and a unit of account.
MOD is an over-collateralized, yield-bearing stablecoin backed by a basket of on-chain assets. Its diverse collateral base of liquid staked derivatives, liquidity pool tokens, deposit receipt tokens, and RWAs ensures its decentralized, censorship-resistant nature without compromising capital efficiency.
AMM & Launchpad: Thala Swap is an automated market maker that enables dynamic pool weightings. The protocol supports weighted pools, stable pools, and liquidity bootstrapping pools, among others. Thala Swap unlocks additional use cases for MOD, and the protocol's ownership of liquidity enables deep, long-term liquidity that can exist largely un-incentivized.
Dynamic pool weightings, and more specifically, the liquidity bootstrapping pool (LBP), powers Thala's third product. Built on top of Thala Swap, Thala's launchpad provides a safe and equitable way of distributing tokens for both projects and market participants.
2. Application
Token application:
THL is the governance token of Thala, where token holders can vote on crucial decisions and enact protocol-wide changes. This includes but is not limited to:
- Adjustments to protocol parameters such as swap fees, vault interest rates, mint fees, etc.
- Contract upgrades that are executable only through governance to ensure the continued development of the protocol.
- Treasury deployments, including treasury swaps with partner protocols, contributor compensation, audits, and more.
- Additional product and cross-chain deployments to expand Thala’s product suite.
- Value accretive measures such as revenue share of protocol fees to THL holders
Investing in cryptocurrencies carries market risks and price volatility. Before buying or selling, investors should consider their investment objectives, experience, and risk tolerance. Investments can result in partial or total loss, and investors should determine the investment amount based on the level of loss they can afford. Investors should be aware of the risks associated with crypto assets and seek assistance from financial advisors if in doubt. Additionally, there may still be unforeseen risks. Investors should consider their financial situation with diligence before making any trading decisions. The opinions, news, analysis, etc., provided on this website are market commentary and do not constitute investment advice. The platform is not responsible for any profit losses incurred due to reliance on this information.
The cryptocurrency data displayed on the platform (such as real-time prices) is sourced from third parties and for reference only, no guarantees provided. Trading on the internet comes with risks, including software and hardware failures. The platform does not control the reliability of the internet and is not responsible for any losses resulting from connection failures or other related issues.