TechFlow, the decentralized stablecoin protocol Thala Labs in the Aptos ecosystem has announced the completion of a $6 million seed round. The funding was co-led by ParaFi Capital, White Star Capital, and Shima Capital, with additional participation from Beco Capital, LedgerPrime, Saison Capital, and Infinity Ventures Crypto.
Thala Labs plans to launch Move Dollar (MOD), an over-collateralized stablecoin for the Aptos ecosystem, while also developing an AMM that offers reduced fees and enhanced features for liquidity pools integrated with MOD. Additionally, the team will build a Launchpad to incentivize all Aptos projects to diversify their treasury assets into MOD.Source
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