Difference between revisions of "Thales (THALES)"

From CryptoWiki

wiki_crypto>Zeb.dyor
 
 
(One intermediate revision by one other user not shown)
Line 1: Line 1:
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==


Line 5: Line 7:
*[[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]
*[[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).
*[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==
Line 21: Line 23:
===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===
Line 49: Line 51:


===How it works===
===How it works===
===Fee Mechanism===
 
* [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===
Line 63: Line 70:


* [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).
==Privacy Method==
==Compliance==
==Compliance==
==Their Other Projects==
==Their Other Projects==
Line 92: Line 97:
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

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Key

DAO

Treasury

Token

Launch

Token Allocation

"THALES token will have a total supply of 100,000,000 (100 million) and will be distributed as follows:

  1. 35% to SNX stakers, divided as follows: 2% Retro airdrop to anyone who ever staked SNX, 15% Retro pro-rata rewards, 18% Ongoing rewards
  2. 30% Growth fund, divided as follows: 9% Strategic round, 2% Crowdpooling event 18% Thales DAO treasury, 1% THALES/ETH LP rewards
  3. 20% Thales Core Contributors
  4. 15% THALES staking rewards"

Utility

"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

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

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.