We are pleased to welcome Thala, a leading DeFi protocol on the Aptos blockchain, to the Pyth Network data provider community.
This partnership involves Thala to contribute its DEX market data for the various crypto assets it supports. Thala market data will further empower the Pyth Network to support price feeds for various Aptos-based tokens like THL, or MOD (Thala decentralized overcollateralized stablecoin).
“Thala is now publishing THL, sthAPT, and MOD feeds to allow these assets to become more robust with deeper liquidity and cross-protocol Aptos-related integrations," said Adam Cader, co-founder at Thala Labs. "We currently secure over $80m in TVL with Pyth price feeds and couldn't be more excited about what comes next!”
“We're excited to see Thala joining the ever-growing network of Pyth data publishers,” said Marc Tillement, Director of the Pyth Data Association. “We are confident that their on-chain capabilities will bolster Pyth network’s ability to further support and add Aptos-related assets including liquid staked tokens. We look forward to continuing building with dedicated teams towards making the Pyth Network the leading financial data marketplace.”
Who is Thala?
- Thala is a decentralized finance (DeFi) protocol native to the Aptos blockchain. The protocol revolves around three key products: Move Dollar, Thala Swap, and Thala LSD. As of today, Thala gathers north of $100M in Total Value Locked (TVL).
- Move Dollar or MOD, is an Aptos-native stablecoin used to transact, facilitate, and interact with various other DeFi protocols in the ecosystem while acting as a store of value, a medium of exchange, and a unit of account.
- Thala Swap is an automated market maker that enables dynamic pool weightings. The protocol supports weighted pools, stable pools, and liquidity bootstrapping pools. Thala Swap unlocks additional use cases for MOD, and the protocol's ownership of liquidity enables deep, long-term liquidity that can exist largely un-incentivized.
Discover More
- Learn more about Pyth Network
- Learn more about Thala
- Apply to become a data provider
- Meet the Pyth Network's data providers
We can’t wait to hear what you think! Feel free to join the Pyth Discord and Telegram, and follow Pyth on X. You can also learn more about Pyth here.
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