Thala Labs is a new organization focused on deploying DeFi products on Aptos, a new blockchain Thala is a liquidity provisioning protocol that enables the borrowing of $MOD (Thala stablecoin) – a decentralized, over-collateralized stablecoin built for Move.
Thala Labs has raised a total of $6M in funding. They confirmed, token but not any more info so there is still time to be early
Here is how we can interact with Thala👇
🔸They run a Campaign on galxe. once you’ve completed the tasks required, you’ll have the chance to mint Thala’s special OAT NFT!
What Needed:
doing all Galxe tasks ( socials + testnet on Aptos )
claim the NFT
💡Testnet, step by step guide:
they support Pontem, Martian, and Petra (recommended) aptos wallets.
set your wallet network to Aptos Testnet
1️⃣ get some test aptos from faucet
https://aptoslabs.com/testnet-faucet
2️⃣ claim testnet tokens from Thala faucet
https://thala.dev/faucet
3️⃣ Click on "create vault"
https://app.thala.fi/vault
select what asset you’d like to deposit and mint MOD against on the drop-down list
input how much you want to deposit as well as how much MOD you’d like to borrow
-create a vault with more debt than 500 MOD
4⃣ stake your minted MOD into the stability pool https://app.thala.fi/stability-pool
5⃣ Click the swap button and select USDC to MOD or any other token you like and swap
6⃣ try providing liquidity in created pools https://app.thala.fi/pools
Add liquidity to USDC/MOD pool, click on the deposit button
stake your liquidity tokens
7⃣ Participate in Testnet Token Launch https://app.thala.fi/launchpad
click on the launchpad button
buy TNT using USDC
8⃣ go to their @Galxe campaign page
follow their Twitter
join their Discord
https://discord.gg/thala
if you done all tasks, you can claim your OAT. testnet tasks take some time (12h-24h) to confirm in Galxe, not immediately!