Thala Labs is building an over-collateralized, decentralized stablecoin, first for the Aptos blockchain. When launched, our over-collateralized stablecoin, Move Dollar (or “MOD”), will be focused on solving the aforementioned trilemma. Thala is concurrently developing other products to ensure MOD’s ubiquity on the Aptos blockchain. These include an AMM, with preferential fees and features to pools that integrate MOD, and a launchpad that will incentivize all Aptos projects to diversify their treasury assets into MOD. By launching products that are deeply synergistic with MOD and focusing on day one integrations, our stablecoin can become a fundamental pillar of the Aptos DeFi ecosystem. Our goal is simple: to build scalable, decentralized, and composable DeFi primitives.