Last week we announced ThalaSwap, our in-house AMM focused on becoming Aptos’ liquidity hub. ThalaSwap is built around a flexible AMM architecture, enhancing yield, improving capital efficiency, and providing deeper integrations for Thala’s MOD stablecoin.

ThalaSwap is Thala’s in-house, rebalancer automated market maker (AMM). Our AMM takes inspiration and iterates on the Balancer and Curve models. While similar in pool and gauge architectures, ThalaSwap differs from these two aforementioned protocols through its synergy with our core product offering: Move Dollar. ThalaSwap not only aims to become the core liquidity hub of Aptos, but to also bolster $MOD’s use-case and yield opportunities.

We are excited to announce our $6m seed round, co-led by Shima Capital, White Star Capital, and Parafi Capital, with follow-ons from BECO Capital, LedgerPrime, Infinity Ventures Crypto, Qredo, Kenetic, Big Brain Holdings, Karatage, Saison Capital, and Serafund, among other strategic investors.

Stablecoins are one of the only use cases of DeFi that have reached scale and seen consistent use. Yet decentralized stablecoins face a thus far unsolved trilemma of issues: peg stability, security, and capital efficiency.