thala

ChainCatcher news, according to official information, the Thala Swap, CDP (Collateralized Debt Position), and LST (Liquid Staking Token) modules are now fully online and operational.Previous news, the decentralized finance company Thala Labs has recovered liquidity pool tokens worth 25.5 million dollars.

ChainCatcher news, Thala Labs announced that it has successfully recovered $25.5 million in liquidity pool tokens that were stolen in a previous hacking attack. These tokens were stolen due to an "isolated vulnerability" in its v1 mining contract.Thala stated that the security breach occurred on November 15, when hackers exploited the vulnerability to extract liquidity tokens. After the incident, Thala immediately suspended all related contracts and froze $11.5 million worth of Thala-related assets, while quickly identifying the hacker.Thala said: "With the assistance of law enforcement, Seal 911, and Ogle, we were able to quickly confirm the identity of the attacker. Affected users do not need to take further action, as their assets will be 100% compensated." According to crypto detective Ogle, the hacker returned all funds six hours after the incident. Thala revealed that to ensure the complete return of user assets, the hacker was allowed to collect a $300,000 bounty. Specific information about the attacker's identity has not been disclosed.Access to Thala's front end has been restored. However, mining remains suspended, and users cannot stake or unstake until Thala conducts a "comprehensive review" and re-audit of the protocol's codebase.

ChainCatcher news, Aptos ecosystem DeFi project Thala has released the latest announcement stating: due to a security vulnerability attack on the latest V1 liquidity pool contract, assets worth 25 million USD have been stolen.Currently, Thala has suspended all related contracts and frozen Thala token assets (9 million USD MOD and 2.5 million USD THL). With the assistance of other institutions, an agreement has been reached with the attacker to recover all user assets through a 300,000 USD bounty.Affected users do not need to take further action; positions will be restored to 100% completeness. However, all related contracts and the Thala frontend will remain in a suspended state until deemed completely secure.

ChainCatcher news, according to official sources, the Aptos ecosystem stablecoin protocol Thala announced that it will adjust the emissions of THL, reducing the THL emission by 50% in all subsequent epochs to maintain long-term healthy development.Thala stated that THL emissions are the cornerstone of the Thala protocol, promoting the growth of liquidity providers (LP) earnings and helping the protocol's development. Reducing the THL token emissions by half is aimed at ensuring the long-term healthy development of the protocol. For LPs, as the price of THL rises, the actual yield for liquidity providers (LPs) has not changed significantly, still earning considerable THL emissions by providing liquidity. Reducing THL emissions can significantly lower inflation and may reduce the growth of circulating supply.

ChainCatcher message, the Aptos ecosystem DeFi protocol Thala Protocol has now integrated with the OKX Web3 wallet, allowing users to perform Swap, Staking, Launchpad, and more on Thala through OKX Web3. Thala Protocol is the first DeFi protocol built on the Aptos native stablecoin and is also the largest DeFi protocol in the Aptos ecosystem.The OKX Web3 wallet is a leading one-stop Web3 entry point, now supporting over 80 public chains, with a unified experience across App, plugin, and web. It covers five major areas: wallet, DEX, DeFi, NFT marketplace, and DApp exploration, and supports Ordinals marketplace, MPC and AA smart contract wallets, gas exchange, hardware wallet connection, and more.

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.

ChainCatcher news, the Aptos ecosystem DeFi protocol Thala announced on social media that it has regained control of its official account and has conducted a comprehensive security review of the account and system. Users can verify any messages on Discord, and any domain other than thala.fi is a phishing link.Previously, it was reported that the official Twitter account of the Aptos ecosystem project Thala Labs was hacked.

ChainCatcher message, Aptos AllDay posted on social media that the official X account of the Aptos ecosystem DeFi protocol Thala has been hacked, and users are advised not to click on any related links.

ChainCatcher news, the Aptos ecosystem DeFi project Thala announced that it will launch Thala V2 in three phases in August:The first phase includes the launch of the MOD Peg stable module, CDP incentives, and the integration of Flashloans into a one-click leverage design for RWA;The second phase includes veTHL, a redesign of token economics, and the custody of THL, where veTHL marks the beginning of Thala's transition to a DAO. The updated voting custody token economics now supports unilateral THL and 80THL-20MOD liquidity pool tokens;The third phase includes the release of a DAO governance platform called Parliament, built and supported for Aptos, which supports batch auctions, as well as the launch of RWA treasury products at the end of July. (Source link)

ChainCatcher news, the Aptos ecosystem stablecoin application Thala has publicly launched the sale of THL tokens on its Launchpad, with its LBP pool closing today at 7 AM, ultimately raising $2.955 million through the IDO.In addition, Thala has officially launched on the Aptos mainnet today at 8 AM Beijing time. (source link)

ChainCatcher news, Aptos ecosystem DeFi protocol Thala Labs has partnered with interoperability protocol LayerZero to integrate the over-collateralized stablecoin Move Dollar (MOD) and Thala governance token THL into an omnichain fungible token (OFT) for seamless multichain connectivity. (source link)

ChainCatcher news, according to The Block, Aptos ecosystem stablecoin protocol Thala Labs announced the completion of a $6 million seed round financing, led by ParaFi Capital, White Star Capital, and Shima Capital, with participation from Beco Capital, LedgerPrime, Saison Capital, and Infinity Ventures Crypto. The Thala Labs team currently has 12 members and will use the funding to expand hiring and increase security audits.It is reported that Thala Labs is currently building an over-collateralized decentralized stablecoin called Move Dollar, aimed at addressing the threefold dilemma of decentralized stablecoins: peg stability, security, and capital efficiency. (The Block)

Chain Catcher news, the decentralized stablecoin protocol Thala Labs in the Aptos ecosystem will launch an over-collateralized stablecoin called Move Dollar (MOD), while also developing other products to promote the application of MOD on the Aptos blockchain.It is reported that the product suite includes an AMM that provides favorable fees and features for pools integrating MOD, as well as a Launchpad to incentivize all Aptos projects to diversify their treasury assets into MOD. The official team will also release protocol documents to disclose more details. (Source link)