# Thala

> The hyperapp and liquidity engine of Move

Thala is a DeFi protocol on Aptos offering a multi‑pool AMM, an over‑collateralized stablecoin (Move Dollar), liquid staking for APT, and a CDP for borrowing.

Thala helps DeFi users access financial services on Aptos through a unified platform that combines trading, earning, and borrowing capabilities. With it, you can trade digital assets and participate in token launches, earn yield by providing liquidity or staking, and borrow against your holdings as collateral. Thala reduces the need to use multiple DeFi protocols by offering integrated financial tools in one interface.

- Type: Project
- Sector: Finance
- Status: Active
- Founded: 2022-06-01
- Profile: https://thegrid.id/profiles/thala

## Products

- [ThalaSwap](https://thegrid.id/profiles/thala): 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. (Decentralised Exchange, Live, Main Product)
- [Thala Launch](https://thegrid.id/profiles/thala): 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. (Launch Pad, Live)
- [Thala CDP (Move Dollar vaults)](https://thegrid.id/profiles/thala): 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. (Decentralised Borrowing & Lending, Live)
- [Thala Liquid Staking (thAPT / sthAPT)](https://thegrid.id/profiles/thala): 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. (Liquid Staking, Live)
- [Thala Foundry](https://thegrid.id/profiles/thala): 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. (Grants Platform, Live)

## Assets

- [Move Dollar (MOD)](https://thegrid.id/profiles/thala): MOD is a USD-pegged stablecoin issued by Thala on the Aptos blockchain. It is used for transactions, as collateral in DeFi protocols, and for liquidity provision across the Aptos ecosystem. Users mint MOD by depositing collateral into vaults through a collateralized debt position system, where the value of locked assets must exceed the minted stablecoin amount to maintain over-collateralization and protect against market volatility. (Stablecoin)
- [Thala (THL)](https://thegrid.id/profiles/thala): THL is the governance token of Thala, a DeFi protocol on the Aptos blockchain. It is used to vote on protocol parameters and decisions across Thala's products, including its AMM, stablecoin system, and liquid staking platform. Holders participate in governance by voting on Thala Improvement Proposals, which determine changes to fees, collateral types, treasury allocations, and new product deployments. (Governance)
- [Thala APT (THAPT)](https://thegrid.id/profiles/thala): THAPT is a liquid staking token representing staked APT on Thala. It is used to maintain liquidity while earning staking rewards and can be traded across DeFi protocols or staked further for sthAPT to earn enhanced yields. The token directs 20% of its validator rewards to incentivize the thAPT-APT stable pool on ThalaSwap, while holders can choose between providing liquidity to earn trading fees or converting to sthAPT for higher staking returns. (Liquid Staking Tokens (LSTs))
- [Staked Thala APT (STHAPT)](https://thegrid.id/profiles/thala): STHAPT is a liquid staking token representing staked APT on Thala's liquid staking platform. It is a rebasing deposit receipt that grows as validator rewards accrue over time. Holders receive 100% of validator rewards from sthAPT plus 80% of thAPT validator rewards, allowing users to earn enhanced staking yields while maintaining liquidity to use the token across DeFi protocols on Aptos. (Liquid Staking Tokens (LSTs))

## Links

- [Main](https://www.thala.fi)
- [Documentation](https://docs.thala.fi)
- [Discord](https://discord.gg/Thala)
- [Twitter / X](https://x.com/ThalaLabs)
- [Medium](https://thalalabs.medium.com)
- [Paragraph](https://paragraph.com/@thala-labs)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP