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
Click deposit to stake your MOD and input any total that you’d like from your balance
5⃣ Click the swap button and select USDC to MOD or any other token you like and swap
set the slippage to 10%
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
https://galxe.com/ThalaLabs/campaign/GCyJCU4uyS
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!