what's thala labs?
Thala Labs is a decentralized finance (DeFi) protocol built on the Aptos blockchain, focusing on providing scalable and liquid financial primitives. It offers a suite of products including a censorship-resistant stablecoin, an automated market maker (AMM) for efficient token swaps, and a launchpad for emerging projects. Designed to enhance capital efficiency and decentralization, Thala enables users to unlock the potential of their assets through innovative liquidity mechanisms. As the HyperApp and Liquidity Engine of Aptos, Thala integrates deeply with the ecosystem to support cross-chain infrastructure and native pools for assets like wrapped Bitcoin. It emphasizes security through formal verification, multiple audits, and redundant oracles, ensuring resilience in volatile conditions. Thala's architecture isolates risks across pools and implements rate limits to maintain stability, fostering a robust environment for DeFi activities on Aptos.
Thala Labs distributed 0.5% ELON airdrop to veTHL holders, claimable February 2.
contract
aptos
ThalaSwap v3 crossed $1,000,000,000 in cumulative trading volume.
Liquidity for Tapp Exchange's token is now live on Thala following Tapp's TGE.
Achieved $750M+ in cumulative volume across ThalaSwap v2 and v3 following sUSDe integration on Aptos.
Distributed airdrop of 0.5% of ELON token supply to veTHL holders, claimable on February 2nd, 2026, with allocations calculated pro-rata based on veTHL balances.
Allocated $10,000 veTAPP from TAPP Exchange for Thala community users ahead of TAPP's TGE, with $5,000 veTAPP distributed to top THL holders, LPs, and swap volume participants, and $5,000 veTAPP allocated to a social giveaway with 30 winners announced on 2026-02-01.
Integrates with Ethena Labs sats rewards program for ThalaSwap v3, where liquidity providers earn Ethena sats retroactively applied to existing positions.
Echelon Market reaches $140M+ TVL and $3.1M revenue in 2025 with Thala as key liquidity partner, and Echelon TGE approaches readiness.
Thala platform offers yields of 30-35% APR across multiple stablecoin liquidity pools, including USD1/USDC at 35% veTHL APR, USDC/USDT at 32.14% APR, and sUSDe/USDC at 30.86% APR.
12 Days of Aptos campaign launches with Thala day featuring swap, liquidity, and CLMM strategy tasks with rewards for participants.
sUSDe/USDC pool goes live on ThalaSwap v3 with incentives shifted from v2, delivering up to 740% APR. The v2 pool enters withdraw-only mode.
Thala footprint on Echelon includes $6.23M sthAPT active as core LST collateral, $50M+ in xLPTs supplied at peak, and 33% of $RESERVE launched via ThalaLaunch active on Echelon platform.
$10,000 competition active with additional rewards for $RESERVE holders trading APT/RESERVE pair, while APT/RESERVE pool delivers 1,325% APR and APT/USDC pool delivers 2,644% APR on concentrated liquidity pools.
USD1/USDC pool goes live delivering 43.82% APR for veTHL lockers and 21.93% APR for LPs, integrating with World Liberty Fi stablecoin on Aptos.
$RESERVE/$APT liquidity pool goes live on ThalaSwap concentrated liquidity with APR at 11,777%, liquidity providers earn swap fees and emissions.
ThalaSwap begins transitioning rewards from v2 to concentrated liquidity v3 layer, with v3 APRs scaling with TVL as v2 incentives taper off.
$RESERVE auction concludes with 782% overallocation totaling ~$1,280,000 in deposits, participants can now claim tokens and refunded APT on ThalaLaunch with liquidity pool setup coming soon.
$RESERVE auction commitments grow to nearly $500k, token liquidity launches today on Thala and isolated Echelon pool goes live for book value holder mechanism access.
$RESERVE auction reaches 188% of target raise with over $300K committed through ThalaLaunch, auction ends at 11 AM EST tomorrow.
$RESERVE batch auction fills $150k target in 2 minutes with oversubscription allowed through overflow auction mechanism where allocations are proportional to total commits.
$RESERVE batch auction goes live Oct 31 at 11:00 AM EST on ThalaLaunch with $150k raise at $200k FDV, 75% public allocation unlocked Day 1, deposits in APT.
Panora integrates with ThalaSwap v3, now aggregating trades through Thala concentrated liquidity pools for optimal price discovery across Aptos.
$THL token airdrop distribution is active for Aptos community. Platform integrates USD1 for RWA trading and reaches $500M TVL.
New APT product launching soon features automatic yield generation, verifiable floor price mechanism, and borrowability up to 95% without requiring staking or looping.
Integration with Echelon Market enables users to supply xBTC, borrow USDC, and provide liquidity on the APT/USDC CLMM pool for up to 3,000%+ APR.
The $KGEN / $APT liquidity pool launches on ThalaSwap with trading and liquidity provision now active.
A new $KGEN / $APT liquidity pool launches soon on ThalaSwap following KGeN's Token Generation Event.
USD1/USDC liquidity pool provides 12.01% base APR, with veTHL lockers earning up to 23.98% APR.
Updated APR rates for concentrated liquidity incentives show APT/USDC at 2,925%, USDC/WBTC at 2,466%, and USDC/USDT at 11.75%.
Implements security infrastructure with rate limits, redundancy, and monitoring to safeguard users and liquidity on Aptos.
CLMM incentives go live with APT/USDC pool offering 2,585.06% APR, USDC/WBTC at 1,000%+ APR, and USDC/USDt at 74.75% APR for staked liquidity positions.
Announces upcoming ThalaLaunch platform for project bootstrapping, along with open-source development tools including Surf, Safely, and FixedPoint64, and highlights xLPTs for composable yield as part of DeFi infrastructure expansion.
Integration with Backpack wallet is now active, allowing users to access swaps, stablecoins, and liquid staking through this wallet on Aptos.
Current epoch shows ~25% APR for veTHL lockers on stable pairs and highest yields on WBTC across the ecosystem.
Launches $250,000 bug bounty program on Immunefi covering Automated Market Maker, Collateralized Debt Position, and Liquid Staking Token modules.
Thala Labs and Echelon Market will play core roles in designing, providing liquidity, and establishing utility for $RESERVE, a new on-chain treasury asset for the Aptos ecosystem.
Incentivized pools are refreshed with four specific pools (USDC-USDt, sUSDe-USDC, APT-thAPT, USDC-WBTC) now earning additional rewards on top of swap fees.
CLMM TVL and volumes are now tracked on DefiLlama, providing visibility into liquidity growth and trading activity.
Achieves market leadership position on Aptos with $200M+ weekly DEX volume.
CLMM launch and ThalaLaunch platform reactivation scheduled for September, expanding DEX capabilities.
Integrates Chainlink oracle standard for ThalaSwap V2, securing Metastable pools and xLPT tokens.
New $RESERVE token launches with on-chain treasury model for APT yield accumulation, featuring CLMM DEX fee integration.
Cumulative trading volume reaches $10B milestone on platform.
WBTC/USDC pool offers 50% APR to veTHL lockers, establishing leading Bitcoin yield position on Aptos.
New LST pools reach 100% APR yield for veTHL token lockers.
New yield farming strategy enables 79% APR on stablecoins through sUSDe/USDC xLPT pools with 93% LTV.
USDC/WBTC pool offers 96.92% APY, marking highest yield rate across platform and Aptos ecosystem.
New fee distribution mechanism implements APT token conversions and ecosystem token buybacks using trading fees, creating additional yield generation opportunities.
WBTC integration goes live with APT and USDC trading pairs, leveraging LayerZero's OFT standard for Bitcoin liquidity.
New xLPT staking mechanism launches with Echelon Market integration, offering triple rewards across USDC/USDT and sUSDe pools.
Achieves top 20 DEX status across all chains with $1B monthly trading volume, marking significant growth in market position and liquidity depth.
New Lightscan DeFi tracker launches with native LP position monitoring, including cross-protocol xLPT tracking.
Circle partners to provide direct USDC incentives for platform integration on Aptos.
New $60K farming incentives launch across USDC/USDT and APT/USDC pools with up to 83.57% APR for veTHL lockers.
Protocol achieves $30M+ in daily trading volume as DeFi Superapp
New mUSD/USDC pool achieves $150K TVL in first 24 hours following Mirage Protocol mainnet launch and integration.
Protocol captures 15% market share of Aptos LST market with 4.5M+ APT locked.
DEX achieves 655K total users with 62% trading exclusively on platform, while projecting 106K daily swaps for 2025
Protocol revenue exceeds $1M milestone with upcoming CLMM launch featuring enhanced LP efficiency
New yield farming opportunity launches on Hyperion with 3,142% APR for APT-TruAPT pool plus additional Drip points rewards.
Monthly DEX volume exceeds $1B with 95% of LP tokens staked as xLPTs, while $45M of capital is deployed on Echelon Market for lending operations.
New yield farming rates adjusted to 25% APR maximum on featured pools for veTHL lockers
BTCfi reaches $400M BTC on-chain milestone on Aptos network
DEX volume reaches $100M+ daily milestone with $850M+ monthly trading volume, showing 3.5x growth since January.
New yield farming opportunity offers 36% APR specifically on APT pairs and 16% on stables, providing detailed APR rates for different asset types.
New yield farming opportunity offers up to 64.04% APR for veTHL lockers with 93% LTV on LP positions
New high-yield stablecoin farming opportunity available through Echelon integration with xLPTs.
Integration with Moar Market enables 25x leverage farming and margin trading capabilities.
Advanced yield farming strategy utilizing LP tokens from sUSDE/USDC and USDC/USDT pools launches and shows growth.
New yield program offers 33.29% APR for veTHL lockers, with borrowing enabled against staked LPs on Echelon Market.
New xLPT token launches with automated staking and rewards using Aptos' DFA standard
xLPT product release enables automated token-level staking and rewards through Aptos DFA integration.
Trading rebate program Epoch 2 offers 4,350 APT rewards for sUSDe/USDC trading until April 30, 23:59 UTC
Protocol captures 55% ($680M+) of Aptos ecosystem volume with $5.5B cumulative volume, while preparing CLMM launch to expand market share.
Major stablecoin pools offer 10-18% APR with $41.1M TVL across USDC/USDT and sUSDe/USDC pairs.
Trading rebates program offers 4350 APT rewards for sUSDe/USDC trading until April 30.
Weekly volume exceeds $170M with top sUSDe/USDC pool reaching $22.5M TVL, optimized for low slippage.
Major DeFi expansion introduces 25x leverage trading capabilities through Moar Market partnership.
MetaStable Pool achieves $24.6M TVL and $100M volume since February 25, while dual-token staking system reaches 10.62M tokens in circulation. New xLPT product launching soon with cross-platform collateral capabilities.
Trading campaign Epoch 1 ends April 15 23:59 UTC with 4,350 APT reward pool; rewards claimable within 3 days after end.
Daily trading volume increases from $10M to $50M over the past month, representing 5x growth driven by new stablecoin and trading initiatives.
Trading campaign Epoch 1 runs April 2-15 with 4,350 APT rewards pool.
New trading rebate program launches with 8,700 APT reward pool for sUSDE trading.
Daily spot volume reaches $30M across APT, sUSDE, and USDT pairs with sustained growth trajectory.
On Aptos, ThalaSwap accounts for $302M of $769M total DEX volume (40%) in March: $247M on v2, $32M on v1, $23M on sUSDe/USDC metastable pool.
Protocol recently completed security audits by Cantina and Spearbit.
Accounts for 50%+ of DEX volume on Aptos with $4.5B+ total trading volume. sUSDe-USDC pool has $30M+ volume with ~20% APR. ThalaSwap V2 had $275M+ of $328M total Aptos DEX volume in February.
V2 pools now live on defillama in Aptos ecosystem for tracking real-time APYs and liquidity pools.
Current yield pools: APT-USDC: 38.54%-110.33%, APT-USDt: 37.16%-106.21%, USDC-USDt: 17.28%-50.87%, MOD-USDC: 15.27%-45.61%, APT-thAPT: 11.23%-33.62%
Launched USDC integrations on Aptos allowing zUSDC redemption for USDC, liquidity provision on USDC pairs, and MOD minting using USDC via PSM.
First Aptos DEX to surpass $3.3B in cumulative volume, $218M in TVL, 607k total users, market cap at $34M, 130 days of accumulation.
Trading at $10bn FDV. Incubated Meridian and Echelon projects on Movement. Offers 100% APR in APT and stables farming at 70%+ APR.