Thales

@thales

113 Following

14697 Followers

Thales pfp

Market Making in units of token prices has always plagued various Prediction Market products built on Ethereum. Constant Function Market Making incur significant losses in this scenario, due to the fact that the losing side of the market has to go to zero on maturity. A different Market Making approach had to be invented. Thales Protocol solved this problem by building it's Automated Market Making architecture as such that it provides on-demand liquidity around a fixed oracle-based probability reference point. This also allows the Thales AMMs to offer on-demand liquidity to multiple markets from a single specialized AMM contract that uses a single counterparty collateral pool. Controlling risk management with a risk cap and skew impact allows the AMM to market make in units of risk rather than token prices. This means that the AMM has theoretically unlimited capital efficiency, so long as the risk exposure of a pool remains within the risk cap.

1 reply

2 recasts

17 reactions

Thales pfp

Using the THALES token on @overtimemarkets gives users a 1% bonus payout per game selected (up to 10% bonus payout). The trading fees are automatically burned. Off to a fiery start. 🔥

1 reply

6 recasts

32 reactions

Thales pfp

Feeling the Bitcoin FUD? 📉 Hedge against any potential losses on Thales Market. Predict Bitcoin's price range, or whether it will be above or below a certain price on a pre-selected date. Tip: There's an ROI next to each prediction. 👇 https://thalesmarket.io/markets?utm_source=farcaster

1 reply

3 recasts

48 reactions

Thales pfp

We're trying to spread the word of Account Abstraction across the web3 realm. A social sign up on @overtimemarkets literally takes 5 seconds and can net you 10 $OP in their new raffle. The aim is to make signing up so easy our grandmas could do it.

7 replies

14 recasts

122 reactions

Thales pfp

Full Account Abstraction Jacket 🫡 1. Open the dApp 2. Sign up using a social account 3. Deposit funds via credit card All of this in mere seconds. ⏱️ One of the first full account abstraction implementations in a completely onchain dApp. Coming to Speed Markets very soon. 🏎️

0 reply

7 recasts

58 reactions

Thales pfp

Overtime V2 just dropped, and anyone using the THALES token to place wagers on the platform will get a 1% boost in earning per game added to parlay (up to 10% total). Try out the newest bonus system in Overtime V2 here: https://v2.overtimemarkets.xyz

17 replies

51 recasts

308 reactions

Thales pfp

A bit of trivia. The Thales logo represents an olive press. Thales of Miletus used his knowledge not just for abstract theories - but to prove he can be a pragmatic thinker. He got rich by renting all the olive presses in town when no one was expecting a good harvest. He was right. Giga chad. 🫒

18 replies

73 recasts

393 reactions

Thales pfp

Hey fwiend, tried using Thales Protocol to build your own dApp? Go for your own Digital Options or sportsbook platform while leaving the challenge of market liquidity to us. Your users will automatically be eligible for all our incentives and you'll earn a referral fee (50% of all protocol fees). API docs 👇

10 replies

36 recasts

204 reactions

Thales pfp

Use Thales Protocol products on Optimism and get 5,000 $OP every week. 🎁 The rewards are based on notional volume, meaning the higher your potential winnings, the higher your rewards. Check out what you need to do to qualify here - literally everyone can eat. 🍽️ https://dune.com/leifu/op-incentive-program

12 replies

45 recasts

245 reactions

Thales pfp

Give these insanely easy-to-use Digital Options on Thales Market a try. 1. Choose an asset and market resolution date 2. Choose its price movement direction (UP or DOWN) or predicted range (IN or OUT) 3. Choose your buy-in based on the ROI Sit back and relax. 🍹 https://thalesmarket.io/markets

5 replies

16 recasts

112 reactions

Thales pfp

Fans of Digital Options and prediction markets, put on your quest hats 🎩 Together with @layer3xyz, we're running a quest with a way to win rewards in 3 easy steps. Have fun trading 👇 https://app.layer3.xyz/quests/superchain-evolution-thales?slug=superchain-evolution-thales

16 replies

43 recasts

209 reactions

Thales pfp

This Thales Market user correctly predicted that the price of Bitcoin would stay in the $55k - $67k range on May 31, 2024. A very deserved flex indeed. 😎

2 replies

12 recasts

80 reactions

Thales pfp

Speed Markets is getting a dedicated dApp soon. Embrace a truly degen way to spend 5-10 minutes of your time. ☕ Choose an asset, choose its price movement, choose a time frame (anywhere from 5 mins to 24 hours). ⏱️ Chain up to 6 consecutive predictions for up to 47x. 🏎️ 🏁

6 replies

33 recasts

157 reactions

Thales pfp

Automated prediction markets have never taken off within the onchain space due to challenges like on-chain liquidity and this type of market making. Well, guess what? Thales Protocol solved it. Try out @overtimemarkets, Speed Markets or Thales Market if you don't believe us.

0 reply

9 recasts

72 reactions

Thales pfp

Ah yes, the good old Ranged Markets. ↔️ Digital Options that allow you to predict if the price of an asset will be IN or OUT of a certain range on a certain date. Example: You get a +334% potential ROI if the price if Bitcoin is inside the $67k<>$69k range on June 7. 👀 https://thalesmarket.io/markets

0 reply

3 recasts

35 reactions

Thales pfp

0 reply

0 recast

17 reactions

Thales pfp

Calling all Arbitrum Delegates! 📣 Thales has applied for an additional 200,000 ARB for trading incentives, gas sponsorships, and voucher rewards! https://snapshot.org/#/arbitrumfoundation.eth/proposal/0xfd152fdc68cb8ba017105c5b577e955f99228927ef8ce9f6aafa7e2cf36aaa46 Your vote is highly appreciated! 🙏

0 reply

0 recast

16 reactions

Thales pfp

WIF prediction markets now available on Thales Market. 🐕 🎩 Go wild. https://thalesmarket.io/markets?utm_source=farcaster

0 reply

0 recast

12 reactions

Thales pfp

Starting today, the users of Digital Options, Speed Markets, and Sports Markets on Thales Protocol are eligible for 5,000 OP in weekly rewards. 🔴 The rewards are based on notional volume, favoring positions with higher odds instead of just huge buy-ins. More details in the comment below 👇

1 reply

1 recast

15 reactions

Thales pfp

Think the price of AERO ( @aerodrome ) is going UP or DOWN? You can cash in on the price predictions for the leading Base liquidity token on Thales Market! 🛡️ Connect your wallet, choose a strike price, choose UP or DOWN, and a date. Simple as that. 👇 https://thalesmarket.io/markets?utm_source=farcaster

0 reply

0 recast

10 reactions