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FAQ

Commonly asked questions and answers.

Where can I acquire THALES tokens?

THALES tokens can be acquired on decentralized exchanges like Uniswap and 1inch. You can bridge THALES and ETH to Optimism with the Celer cBRIDGE.

Which networks host Thales protocol?

Thales protocol is currently operating on Optimism, Arbitrum, Polygon and Base networks.
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:polygon:
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Which forms of collateral does Thales support?

Thales currently supports sUSD (Synthetic USD) as the main collateral across all products hosted on Optimism, with USDC supported on Arbitrum. Positional Markets and Ranged Markets​
sUSD
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USDT
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USDC
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DAI
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Thales also supports Multi-collateral offramping for Speed Markets on Optimism, Arbitrum and Base. This means you pay for a Speed Market position or collect winnings in any of the following: sUSD, USDC(.e), DAI, USDT, ABR, OP, ETH, WETH.

Where can I purchase sUSD on Optimism?

sUSD can be purchased from many decentralized exchanges such as Curve, Uniswap and Sushiswap, or you can mint sUSD by staking SNX at https://staking.synthetix.io/.

What kind of Parimutuel markets will be supported?

​Thalesmarket.io Marketplace provides users with the ability to purchase positions on Crypto Prices with a specific strike price at a predetermined expiry date for any integrated asset with available ChainLink data feeds. The following assets are currently available for trading:
  • Optimism: BTC, ETH, OP, SNX, LINK, XRP, BCH, LTC, SOL, PEPE, XAG (Silver) and XAU (Gold)
  • Arbitrum: BTC, ETH, ARB, DPX, GMX, MAGIC, XRP, SOL, PEPE, XAG, XAU
  • Polygon: BTC

What is the THALES token's utility?

THALES is a governance token that can be staked. All other use cases for the token will be decided by community governance.

How do I participate in Thales Governance?

THALES stakers are given voting power based on their proportion of the total staked amount of THALES. Once you've staked THALES you can use the Governance page to vote for nominees of the Thales Council Election for each 6-month epoch.

How do I submit a Thales Improvement Proposal (TIP)?

You can check out the Thales Governance Structure page for an explanation of how Thales is governed, as well as the Thales Improvement Proposals (TIPs) page for steps to submit them.
As per TIP-154, submitters are incentivized with THALES tokens for successfully implemented TIPs. See the Thales Improvement Proposals (TIPs) for more information on incentivized TIPs.

When is the next trading competition?

Follow Thales on Twitter for info on upcoming competitions!
Last modified 4mo ago