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.
Thales Protocol
- A new utility has been added for the THALES token! Overtime V2 users who select THALES as collateral will receive a 1% bonus payout per match added to a parlay (up to 15%).
- Here’s a quick recap of the Thales Governance Call for June 2024
- Development of a dedicated Speed Markets dApp made headway, with an expected launch around mid-July. The dApp will be one of the first fully onchain applications to feature full account abstraction thanks to Biconomy and will feature a completely new, redesigned UI.
- Thales has been approved for Optimism’s Retro Funding Round 4! Voting will take place from June 27th until July 11th, and the results will be announced by July 19th. This is the first time Thales Protocol has applied for retro funding on Optimism since the inception of the program.
- Thales AMM LP performance performance so far per chain:
Optimism: +7.08% PnL in 60 weekly rounds
Arbitrum: +18.50% PnL in 60 weekly rounds
Upcoming: Speed Markets dedicated dApp launch, a new Speed Markets trading competition, discussions about a new TIP allowing staked THALES to be counted as trading balance on Overtime V2
Overtime Markets
- The big day finally arrived on June 12, as Overtime V2 beta kicked off in time for EURO 2024 and Copa America!
- V2 was received incredibly well and has recently hit $100,000 in weekly premium volume for the first time ever! Here is V2’s Dune dashboard; some of the biggest highlights so far include almost $4,000,000 in notional volume, $1,283,000 in premium volume, 1,200+ users and close to 10,000 markets. Wow.
- EURO 2024 and Copa America incentives were announced — a total of 20,000 OP in volume-based rewards will be distributed to the users across both V1 an V2
- Wimbledon rewards kicked off — you can qualify for 2,000 OP in volume-based rewards and both your V1 and V2 volume count!
- Listen to Thales Protocol and Overtime CC padzank talk about the future of sports prediction markets and Overtime V2 on Revelo’s X Space
- Sports AMM LP performance performance so far per chain:
Optimism: +60.00% PnL in 60 weekly rounds
Arbitrum: +37.50% PnL in 60 weekly rounds - Parlay AMM LP performance performance so far per chain:
Optimism: +37.04% PnL in 69 weekly rounds
Arbitrum: +58.83% PnL in 69 weekly rounds
Upcoming: Olympics incentives, more markets
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.
