Church and State

The release of

6 min readMar 26, 2024


Smart contracts and the trading interfaces

In the onchain world, it is important to understand a clear distinction between a smart contract architecture that serves as a trustless, permissionless and transparent settlement layer and a user interface that serves as a gateway for users to execute transactions with the mentioned smart contracts.

If a project is fully onchain and open sourced, anyone can freely interact with its suite of smart contracts to execute its code-determined permissionless functionalities. Any interface that supports communication with said smart contracts can be used to provide a user-friendly experience for this interaction. This clear distinction, often overlooked, promotes the concepts of individual freedom, transparency, accountability, neutrality, decentralization and individual empowerment.

Anyone can build a frontend to interact with any smart contract on the Ethereum network. This means anyone can build a fully fledged, UX-focused application that solely uses smart contracts as an execution layer.

For the Thales Protocol, this ethos is what powers its vision. This ethos is the roadmap to becoming the world’s dominant prediction markets tech stack that bolsters a fair, transparent and easily integratable system.

Incrementally solving a robust collateralization architecture, then an automated market making layer and a publicly available liquidity pool as the foundation, Thales Protocol is effectively capturing this massive product market fit of the entire Ethereum network.

By using Thales Protocol integrated flagship trading apps, such as Thales Markets and Overtime, users are effectively executing desired transactions with the Thales Protocol suite of smart contracts via an intuitive interface.

For example, the Overtime app is communicating with the Sports Markets contracts of Thales Protocol, while the Thales Markets app is communicating with the Digital Options contracts of the Thales Protocol.

There are many more applications live and in development that leverage these smart contracts for their needs. The key point here is, all the transactions and volume of these interfaces flow through the Thales Protocol.

All the fees from all the frontends flow to THALES token stakers and all trade executions are collateralized by the Thales Protocol AMM LP pools. All future growth of new integrations, increase of retail user base, expansion to new networks, introductions of new features, tenfold increase in volume flow, global sports markets arbitrage paradigm, they will all flow through the Thales Protocol, Thales Protocol AMM LP pools and THALES stakers. Church and state.

Introduction of

To provide clarity on the brand of Thales, emphasizing the clear distinction between trading interfaces and a foundational protocol, we are proud to announce the launch of a new headquarters domain! From today, all THALES token operations, governance operations, AMM liquidity management, integration docs and overall backend information of Thales Protocol will be hosted on a brand new domain.

This new hub for all community members of the Thales Protocol will provide clarity on global stats, governance proposals, global fee accrual, integrator promotions and integration documentation.

The THALES token holders will have a much more intuitive interface for token operations such as bridging, staking, vesting and claiming fees and rewards. Additionally, the AMM liquidity providers of Digital Options and Sports Markets will be able to follow all their positions much more intuitively all from one place.

With this launch, the emphasis is also on documentational clarity for all developers looking to leverage Thales Protocol to build their own applications, interfaces or real-world arbitrage strategies. Anyone can use the Thales Protocol tech stack and its developed APIs to build a fully featured application for sports markets or digital options without having to worry about any risk management, liquidity or data availability.

Thales Protocol backend provides a robust collateralization architecture, an automated market making layer and a publicly available liquidity pool as the foundation.

All forward facing superapps using this architecture, such as Overtime and Thales Markets, already connect to the Thales Protocol smart contracts and act as user interfaces for users who want to participate in permissionless markets on sports outcomes or trade Digital Options. Now with, developers can find the necessary documentation all in one place and start building.

List of protocol related features available on the new interface:

  • Live global growth statistics
  • Updated list of successful integrating applications
  • Developer documentation for seamless integrations of Sports Markets, Digital Options and Speed Markets infrastructure
  • Historical timeline and roadmap visualization
  • THALES token staking operations
  • Tracking of Gamified Staking leaderboard
  • Liquidity provision interface for Sports Markets and Digital Options collateral pools
  • Tracking of Thales Improvement Proposals
  • Voting interface for Thales Council Members
  • Voting interface for THALES stakers on Council Elections
  • Detailed overview of global THALES stakers statistics
  • Dedicated informational pages for the THALES token and the Thales Governance Structure

This new protocol interface will become the new hub for all THALES token stakers, Thales DAO governance participants, integrating developers and new-comers looking to learn more about the Thales Protocol.

The path of onchain revolution

Growth of the Thales Protocol ecosystem and commitment to being fully onchain, since the project launch in 2021, is best visualized via a list of all protocol related smart contracts deployed on supported mainnets.

The index of most relevant Thales Protocol smart contracts, found on, is a testament to the amount of work that went into getting us to where we are today. More and more people are becoming aware of the potential of Thales Protocol architecture.

More and more users are drawn to the powerhouse “superdapps’’ using these contracts that provide the best, fairest and most secure UX for all participants. As one of the most retail-focused infrastructures on the Ethereum network and its Layer 2 scaling solutions, Thales Protocol will play a massive role in facilitating the onboarding of the next billion users to the onchain world.

Being neutrally accessible by any global user and developer of the Ethereum Network actually means something in this case. A rare case of a logical global product-market-fit for the blockchain world.

A plethora of prediction-esque types of products will draw in the fun-seeking masses looking to trade against sports events, asset prices, political events etc. via the incredible developments in the space of Account Abstraction, the UX will remain true to the decentralized ethos while being trivial to use and retail users of hundreds of integrating interfaces will not even know that their transactions are settled fully onchain and secured fully by onchain decentralized data oracles.

Their gas fees will be mostly abstracted by paymaster solutions and gas sponsorships from network-level growth programs. An additional incentive for retail users to use this new technological marvel is the existence of various token rewards. Something that is completely exclusive to this new onchain world, impossible to leverage by the legacy Web2 products.

Easy-to-use Smart Wallets with social logins will become the main onboarding alleyway for everyday users to access these products. Mobile UIs of Thales Protocol integrations will become the most adopted interfaces and there will be absolutely no reason to continue using the centralized legacy Web2 applications.

To join us in this path of changing the world, start exploring the new domain to learn more about Thales Protocol, follow @thales_io on and join the official Thales Discord to become one of the Titans of Thales Protocol community!




Thales is an Ethereum protocol that allows the creation of novel on-chain, permissionless, and non-custodial Parimutuel Markets.