Aptos and Thala jointly launched a $1 million fund to incentivize the development of new DeFi protocols

ChainCatcher news, the Aptos Foundation and the Aptos ecosystem DeFi protocol Thala Labs have jointly launched a $1 million fund aimed at incentivizing the development of DeFi protocols based on Aptos.

It is reported that the fund is named "Thala Foundry," and it plans to support the launch of more than five new DeFi protocols on Aptos, with expectations to grow to $5 million after the protocols go live and scale. Thala Foundry will provide up to $250,000 in funding for each project.