Thala Labs is building an over-collateralized, decentralized stablecoin, first for the Aptos blockchain.

We spent months researching existing stablecoins to understand what they do best and where they fall short. When launched, our over-collateralized stablecoin, Move Dollar (or “MOD”), will be focused on solving the aforementioned trilemma.

This will be accomplished through monetary policy levers such as dynamic interest rates, collateralization, capital optimization by mobilizing collateral, and a business development strategy focused on meaningful integrations and long-term liquidity.

Thala is concurrently developing other products to ensure MOD’s ubiquity on the Aptos blockchain. These include an AMM, with preferential fees and features to pools that integrate MOD, and a launchpad that will incentivize all Aptos projects to diversify their treasury assets into MOD. By launching products that are deeply synergistic with MOD and focusing on day one integrations, our stablecoin can become a fundamental pillar of the Aptos DeFi ecosystem.

Thala Labs is an organization focused on deploying innovative DeFi products on Aptos. We at Thala Labs are a group of passionate builders, researchers, and engineers with diverse experiences and expertise. Our founding contributors and advisors have both crypto-native and traditional tech backgrounds, including MakerDAO, ParaFi Capital, NEAR, Twitter, Apple, Google, and Amazon.

Our goal is simple: to build scalable, decentralized, and composable DeFi primitives.