Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list THL (Thala) on Dec 8, 2023 (UTC). The details are as follows.
List Time
1. Deposit: 07:00 on Dec 8, 2023 (UTC)
2. Withdrawal: 07:00 on Dec 8, 2023 (UTC)
3. Trading pair: THL/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Dec 8, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Dec 8, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Dec 8, 2023 (UTC)
About THL
Thala is a decentralized finance (DeFi) protocol native to the Aptos blockchain. The protocol revolves around two key products: Move Dollar and Thala Swap.
Stablecoin: Move Dollar, or MOD, is an Aptos-native stablecoin used to transact, facilitate, and interact with various other DeFi protocols in the ecosystem, while acting as a store of value, a medium of exchange, and a unit of account.
MOD is an over-collateralized, yield-bearing stablecoin backed by a basket of on-chain assets. Its diverse collateral base of liquid staked derivatives, liquidity pool tokens, deposit receipt tokens, and RWAs ensures its decentralized, censorship-resistant nature without compromising capital efficiency.
AMM & Launchpad: Thala Swap is an automated market maker that enables dynamic pool weightings. The protocol supports weighted pools, stable pools, and liquidity bootstrapping pools, among others. Thala Swap unlocks additional use cases for MOD, and the protocol's ownership of liquidity enables deep, long-term liquidity that can exist largely un-incentivized.
Dynamic pool weightings, and more specifically, the liquidity bootstrapping pool (LBP), powers Thala's third product. Built on top of Thala Swap, Thala's launchpad provides a safe and equitable way of distributing tokens for both projects and market participants.
About Automated Market Making (AMM)
AMM is supported for the THL/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Dec 7, 2022
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