Difference between revisions of "Thales (THALES)"
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Thales is a [[decentralized]] binary [[Option contracts|options]] protocol that a group of [[Synthetix Network Tokens (SNX)|Synthetix]] community members spun out from [[Synthetix]] in 2020. | |||
==Basics== | ==Basics== | ||
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*[[Testnet]] release: | *[[Testnet]] release: | ||
*[[Mainnet]] release: [https://thalesmarket.medium.com/the-day-has-come-thales-dapp-launches-on-ethereum-mainnet-366b98ed0c71 28-7-2021] | *[[Mainnet]] release: [https://thalesmarket.medium.com/the-day-has-come-thales-dapp-launches-on-ethereum-mainnet-366b98ed0c71 28-7-2021] | ||
*[ | *[https://thalesmarket.io/ Thales Market]; binary markets [https://twitter.com/defi_airdrops/status/1412091153680371714 which will] [[airdrop]] [[tokens]] to [[Synthetix Network Tokens (SNX)|SNX]] [[stakers]] (5-7-2021). | ||
==History== | ==History== | ||
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===Token Allocation=== | ===Token Allocation=== | ||
* From the token [https://thalesmarket.medium.com/thales-tokenomics-introducing-thales-token-3aab321174e7 announcement] (5-9-2021): | * From the [[token]] [https://thalesmarket.medium.com/thales-tokenomics-introducing-thales-token-3aab321174e7 announcement] (5-9-2021): | ||
''"THALES token will have a total supply of 100,000,000 (100 million) and will be distributed as follows:'' | ''"THALES token will have a total supply of 100,000,000 (100 million) and will be [[distributed]] as follows:'' | ||
# ''35% to [[Synthetix Network Tokens (SNX)|SNX]] [[Proof-of-Stake (PoS)|stakers]], divided as follows: 2% Retro [[airdrop]] to anyone who ever staked SNX, 15% Retro pro-rata rewards, 18% Ongoing rewards'' | # ''35% to [[Synthetix Network Tokens (SNX)|SNX]] [[Proof-of-Stake (PoS)|stakers]], divided as follows: 2% Retro [[airdrop]] to anyone who ever [[staked]] SNX, 15% Retro pro-rata rewards, 18% Ongoing rewards'' | ||
# ''30% Growth fund, divided as follows: 9% Strategic round, 2% Crowdpooling event 18% Thales DAO treasury, 1% THALES/[[Ethereum (ETH)|ETH]] [[Liquidity Provider (LP)|LP]] rewards'' | # ''30% Growth fund, divided as follows: 9% Strategic round, 2% Crowdpooling event 18% Thales DAO treasury, 1% THALES/[[Ethereum (ETH)|ETH]] [[Liquidity Provider (LP)|LP]] rewards'' | ||
# ''20% Thales Core Contributors'' | # ''20% Thales Core Contributors'' | ||
# ''15% THALES staking rewards"'' | # ''15% THALES [[staking]] rewards"'' | ||
===Utility=== | ===Utility=== | ||
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===How it works=== | ===How it works=== | ||
=== | |||
* [https://newsletter.banklesshq.com/p/your-guide-to-the-synthetix-ecosystem?s=r From] [[Bankless DAO (BANK)|Bankless]] (7-6-2022): | |||
''"If held until expiry, binary [[options]] have only two payoff possibilities: a predetermined amount of profit or nothing at all. Thales relies on [[Synthetix Network Tokens (SNX)|Synthetix’s]] [[sUSD]] [[Stablecoins|stablecoin]] for 1) minting its binary options tokens, and 2) as the platform’s unit of account."'' | |||
===Fees=== | |||
===Upgrades=== | ===Upgrades=== | ||
===Staking=== | ===Staking=== | ||
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* [https://twitter.com/thalesmarket/status/1473676236132073477?s=21 Uses] [[Chainlink (LINK)|Chainlink]] on [[Optimism]] (22-12-2021). | * [https://twitter.com/thalesmarket/status/1473676236132073477?s=21 Uses] [[Chainlink (LINK)|Chainlink]] on [[Optimism]] (22-12-2021). | ||
==Compliance== | ==Compliance== | ||
==Their Other Projects== | ==Their Other Projects== | ||
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Making these free wiki pages is fun but takes a lot of effort and time. | Making these free wiki pages is fun but takes a lot of effort and time. | ||
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information. | If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information. | ||
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | [[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | ||
Latest revision as of 04:45, 13 June 2022
Thales is a decentralized binary options protocol that a group of Synthetix community members spun out from Synthetix in 2020.
Basics
- Based in:
- Started in / Announced on:
- Testnet release:
- Mainnet release: 28-7-2021
- Thales Market; binary markets which will airdrop tokens to SNX stakers (5-7-2021).
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Key
DAO
Treasury
Token
Launch
Token Allocation
- From the token announcement (5-9-2021):
"THALES token will have a total supply of 100,000,000 (100 million) and will be distributed as follows:
- 35% to SNX stakers, divided as follows: 2% Retro airdrop to anyone who ever staked SNX, 15% Retro pro-rata rewards, 18% Ongoing rewards
- 30% Growth fund, divided as follows: 9% Strategic round, 2% Crowdpooling event 18% Thales DAO treasury, 1% THALES/ETH LP rewards
- 20% Thales Core Contributors
- 15% THALES staking rewards"
Utility
- From the token announcement (5-9-2021):
"Thales DAO token will be used to govern the Thales protocol. Any further utility is to be decided and voted on by Thales DAO token holders or their chosen representatives, the Thales Council."
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on: Optimism (22-12-2021).
How it works
"If held until expiry, binary options have only two payoff possibilities: a predetermined amount of profit or nothing at all. Thales relies on Synthetix’s sUSD stablecoin for 1) minting its binary options tokens, and 2) as the platform’s unit of account."
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
- Raised $2.5 million (20-7-2021) in a strategic investment round led by Framework Ventures and Apollo Capital.
Partners
(:
Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!
Making these free wiki pages is fun but takes a lot of effort and time.
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
Also check out CoinTr.ee for more content.
