Thales November Digest

Thales
2 min readDec 1, 2023

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 Tokenomics v2 temp check vote completed. The TIP-182: Direct fees share won with 61% of the votes from Thales stakers.
  • Thales Twitter handle was modified from @ thalesmarket to
    @thales_io as we move forward with solidifying our main brand as Thales Protocol.
  • Speed Markets has leveled up with new chained markets! Traders can stack up multiple markets to multiply their payout.
    👉 https://thalesmarket.io/speed-markets
  • The Speed Market Black Friday Event ended on 27/11, with 25,000 THALES distributed to traders & $500 in Overtime vouchers were won!
  • Thales election for the next council will start with nominations on Monday, 4th of December 2023.
  • Celer Bridge was integrated within Thales frontend to help users transfer their $THALES tokens from chain to chain.
  • Thales AMM LP performance performance so far per chain:
    Optimism: +4.96% PnL in 29 weekly rounds
    Arbitrum: +4.73% in 29 weekly rounds
  • Upcoming: Thales.io stand-alone website, Thales Council Elections, Tokenomics V2

Overtime Markets

  • Latest Overtime yearly blogpost by Thales Founder. Overtime 2.0 — In it for the users. That’s one you don’t one to miss.
  • The Overtime community continues with the “On The Field” Podcast 🎙️ 🏈. A show dedictated to NCAA Football. Check out the latest episode on Youtube!
  • NCAA Basketball has been added to Overtime sports makerts on Arbitrum & Optimism
  • Overtime Sports AMM LP performance so far per chain:
    Optimism: +56.17% PnL in 38 weekly rounds
    Arbitrum: +58.90% in 37 weekly rounds
  • Overtime Parlays AMM LP performance so far per chain:
    Optimism: +18.95% PnL in 24 weekly rounds
    Arbitrum: +14.47% in 24 weekly rounds
  • Upcoming: Markets for more sports and leagues, additional Player Props options available for more leagues, smart contract architecture change to ease on gas usage.

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!

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Thales

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