Thales May Digest

A brief version of the latest developments and a bit of what’s coming next!

2 min readJun 1, 2023

Thales monthly digests

The idea behind this new series in our blog is to pierce together all the 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

  • Final results for Thales Council (Thales governance body elected by THALES stakers). New Council started its duties on May 1st and until the end of August.
  • Thales AMM opens up deposits for THALES stakers with a 5:1 ratio of THALES:USD on both Arbitrum (USDC) and Optimism (sUSD)
  • Thales 2.0: Redesigned UI/UX focusing on a simple but powerful design where all markets (UP, DOWN, IN, or OUT) are on the same screen, making the experience more intuitive.
  • Thales markets also greatly reduced its SafeBox fees and now offers spreads that are tighter than ever, thanks to TIP-144.
  • Upcoming: Continue enhancing Thales UI based on community feedback, Thales flex cards

Overtime 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.

Make sure to also follow Thales and Overtime on Twitter.

Until the next monthly digest!




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