Thales’ OP rewards distribution: All you need to know 👀

We’ve added OP rewards for LPs, THALES stakers, and AMM traders!

Shake it, baby, shake it!

Spoiler: Thales OP distribution is live!

Are you ready to dive in?

OP token distribution

The Optimism protocol (an Ethereum Layer 2 scaling solution where Thales is deployed) has recently released its OP token as part of its decentralized governance initiative.

OP collective dream society
Let’s go!

Gamified staking OP rewards: TIP-53

Pro tip: This OP-incentivized initiative has started today!

When the community discussed potential ways to distribute the OP tokens and enhance Thales (and Optimism) usage there was one protocol feature that was a perfect fit for a middle ground between rewarding current THALES stakers while at the same time boosting protocol usage (and ultimately more transactions on the Optimism network).

Protocol volume: Thales markets, Ranged markets, Exotic and Overtime markets

How many rewards are being distributed?

The TIP-53 proposed to distribute 135,000 OP tokens divided by weekly emissions coinciding with the weekly epoch for claiming THALES staking rewards.

How long will this initiative last?

This initiative will last for a minimum of 10 weeks, starting today, and will last until the 135,000 OP tokens are distributed.

How to participate?

The first requirement to be eligible for this bucket is that you need to be staking THALES tokens on the Thales platform.

  • 60,000 THALES as base rewards
  • 30,000 THALES as bonus rewards shared among those who are also staking SNX (9,000 THALES weekly) and those who are using any protocol that’s built on top of Thales (that would be Thales markets, Thales ranged markets, Exotic Markets, and the recently launched Overtime Markets) on a category called “Protocol Volume” for 21,000 THALES.
  1. Be staking THALES
  2. Use any of the products built on top of Thales protocol on any given week (or every week if you are keen!)
  3. Claim your THALES staking rewards for that week.
    Important note: Gamified staking bonus rewards are triggered when you claim your weekly THALES staking rewards. If you don’t claim during a given week your rewards are forfeited.
Check for this icon on Thales dapp sidebar

AMM trading incentives OP rewards: TIP-56

Pro tip: This OP-incentivized initiative has started today!

Based on TIP-56 the motivation of this initiative is to distribute both OP and THALES tokens among those who give life to Thales platforms: The users.

How many rewards are being distributed?

The distribution of rewards per each 14-day round is as follows:

  • 11,000 OP + 20,000 THALES split between all the UP token Buy Volume in sUSD for each 14-day round in Thales Markets.
  • 11,000 OP + 20,000 THALES split between all the DOWN token Buy Volume in sUSD for each 14-day round in Thales Markets.
  • 6,000 OP + 10,000 THALES split between all Ranged Markets IN/OUT tokens Buy Volume in sUSD for each 14-day round.
  • Bonus OP token rewards if you are also a THALES staker (see next section)
  • 5,000 OP + 7,000 THALES split between all the ITM (In the money) token Buy Volume in sUSD for each 14-day round in Thales Markets.
  • 5,000 OP + 7,000 THALES split between all the OTM (Out of the money) token Buy Volume in sUSD for each 14-day round in Thales Markets.
  • 5,000 OP + 7,000 THALES split between all Discounted markets tokens Buy Volume in sUSD for each 14-day round.
  • Bonus OP token rewards if you are also a THALES staker (see next section)

How long will this initiative last?

This initiative will last for 14 weeks, starting today.

How to participate?

Basically, anytime you buy any UP, DOWN, IN, or OUT token from the AMM starting today and for the next 14 weeks (that would be 7 rounds of 14-days each) you’ll qualify for this.

Liquidity providers OP rewards: TIP-55

This TIP-55 was the first to be implemented on July 15th, as announced on Thales Twitter and Discord (you are following those for the alpha, right?).

Twitter has the alpha

How many rewards are being distributed?

The rewards for this initiative are 45,000 THALES + 15,750 OP tokens per week, distributed linearly and proportionally among LP stakers. You can check the current APR directly on the Thales platform UI.

How long will this initiative last?

This initiative will last for 20 weeks since its introduction.

How to participate?

If you want to provide THALES/WETH liquidity and participate in the dual THALES + OP rewards, you can follow this detailed guide in our documentation.

But that’s not all, Thales keeps rocking

We are very thankful for Optimism's support and how they considered us for this 900,000 OP token grant 🙏.

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Thales

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