A brief recap of the latest developments and a bit of what’s coming next!
This is the spot for all of Thales latest developments and important protocol upgrades in one place in a very condensed manner, so it can be consumed in just a few minutes. Some links are added when relevant for those who wish to dive deeper into any of the subjects mentioned.
Let’s go!
Thales protocol
- Thales council Election for the seventh epoch has been elected.
https://thalesmarket.io/governance/thalescouncil.eth/0x6da7b67682cacbd9f7c1cdea88438dc8a42ddd6445fad4251e2ab50be6734e4e - Thales received the first batch of the STIP ARB grant. Products on Arbitrum are now incentived from December 27th to January 10th
More details : https://thalesmarket.medium.com/thales-protocol-arb-rewards-distribution-69c5223ef716 - Chained Speed Markets Release that allows users to predict 2 to 6 consecutive price movements, each with a 1.9x multiplier for a max potential payout of 47X!
- Speed Markets fastest available timeframe has been reduced from 15 to 10 minutes.
- $TIA & $BONK markets available on Thales digital options markets.
- Thales AMM LP performance performance so far per chain:
Optimism: +7.68% PnL in 34 weekly rounds (+ 2.72% this month)
Arbitrum: +4.80% PnL in 34 weekly rounds (+0.07% this month) - Upcoming: Speed Markets on Solana, CCIP integration, tokenomics v2 implementation
Overtime Markets
- Parlay Architecture was upgraded enabling a 70% reduction in gas costs & maximized user payouts. https://twitter.com/OvertimeMarkets/status/1739626568022901245
- NFL Red Zone — NFL Points double for the Big leagues rewards & and additional 10k ARB + 10k OP added to the prize pool https://medium.com/@OvertimeMarkets.xyz/get-ready-for-the-big-leagues-season-overtimes-biggest-reward-program-to-date-2d3949a06338
- Overtime Sports AMM LP performance so far per chain:
Optimism: +67.06% PnL in 42 weekly rounds (+10.89% this month)
Arbitrum: +60.13% PnL in 42 weekly rounds (+1.23% this month) - Overtime Parlays AMM LP performance so far per chain:
Optimism: +21.28% PnL in 29 weekly rounds (+2.33% this month)
Arbitrum: +11.56% PnL in 29 weekly rounds (-2.91% this month) - Upcoming: Overtime V2 architecture, Social logins with Particle integration.
Let’s stay connected
The best way to stay up-to-date with Thales and Overtime’s latest developments, and also actively participate with ideas, suggestions, and feedback is to join Thales Discord.
Make sure to also follow Thales and Overtime on Twitter.
Until the next monthly digest!
