Aptos (APT) Foundation has partnered with Thala Labs to launch a $1 million fund to create and promote DeFi protocols on the Aptos blockchain.
Aptos is weak in DeFi with Thala Labs Creating a $1 million fund joined forces for this purpose. through the fund Aptos on the blockchain Creation of decentralized finance (DeFi) protocols And encouraging new opportunities It was stated that it would be provided.
Thala Labs on Aptos blockchain decentralized applications (dApp) one that develops DeFi company.
According to the statement made, it is 1 million dollar fund, as protocols are initiated and developed up to $5 million will rise. Two institutions, as described by Thala Foundry Aptos layer-1 (L1) use increase their area It aims to provide incentives for The fund also operates on Aptos. more than five new DeFi protocols It is thought that it will contribute to its initiation.
In the statement made by Thala Labs, the project is at the beginning Support up to 250 thousand dollars by giving Protocols of various sizes It was stated that the market will be opened. Thala Labs also initially building from scratch Even though they plan to invest in projects that consider Also for more developed companies He stated that they would provide opportunities.
The Aptos Foundation has supported the development of projects using the Aptos blockchain so far this year. 20 million dollarsallocated more grants than