Thales Markets Documentation
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  • 👋Welcome
  • ❓FAQ
  • 🏛️Thales of Miletus
  • Thales Parimutuel Markets
    • 🛒Parimutuel Markets Introduction
    • 🪙Tokenized Positional Markets
    • 🦀Tokenized Ranged Markets
    • 🏃Speed Markets
      • 🔗Chained Speed Markets
    • 🔢Odds in Positional Markets
    • 💵sUSD as Main Collateral
    • 🏦Safebox
  • USING THALES
    • 🏺Why Use Thales?
    • 📈Trading Guide
    • 🔁Thales AMM Design
      • ‼️Understand The Trading Risks
    • 💪Exercising a Winning Position
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    • 🪙Current Incentives
    • 📜Grants and Proposals
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  • Technical Documentation
    • ⚙️Thales integration
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  • 📩Deposit Guides
    • Deposit USDC from Coinbase
    • Deposit USDC or USDT from Binance
      • Deposit from Binance Mobile App
      • Deposit from Binance Website
  • THALES TOKEN
    • 🪙THALES Tokenomics
    • 🔴Staking THALES on Optimism - Guide
    • 🔷Staking THALES on Arbitrum - Guide
    • 🔵Staking THALES on Base - Guide
    • 🤖Automate Staking Rewards Claiming with Chainlink Automation - Guide
    • 🎁THALES/WETH LP rewards on Optimism - Guide
  • Governance
    • ⚖️Thales Governance Structure
    • 🗳️How to Vote for Council Members
    • 💡Thales Improvement Proposals (TIPs)
  • Tale of Thales
    • 🌐ToT Metaverse
    • 🎮How to Play
    • 🗡️ToT NFTs
    • 🐟ToT Fishing Competition
  • Links
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  • RESOURCES
    • 📃Whitepaper
    • 📺Marketing Assets
    • 💻Contract Addresses
      • Thales Contracts Overview
    • ⚖️Audits
    • 🐞Bug Bounties
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  • sUSD cannot be stopped
  • Additional forms of Collateral

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  1. Thales Parimutuel Markets

sUSD as Main Collateral

Last updated 1 year ago

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Thales Markets accept sUSD, the native stablecoin of the Synthetix ecosystem, as the main form of collateral on the Optimism Network. Synthetix is a decentralized finance pioneer known for being innovative, open-sourced and governed by the community. This makes sUSD fully decentralized.

Synthetix stakers deposit the ERC-20 token SNX to "mint" sUSD. By minting sUSD a staker enters a debt position against the changing market value of their SNX collateral. To ensure the stability of the Synthetix platform and the value of sUSD, stakers are required to overcollateralize their SNX deposit by several times the value of the sUSD that they've minted.

There is commonly three to five times the value of SNX staked against minted sUSD.

sUSD cannot be stopped

Additional forms of Collateral

Synthetix makes sUSD resistant to censorship so that restrictions such as blacklisting won’t affect your ability to access Thales markets. Leveraging the power of a truly distributed network means there’s no way to stop someone from sending sUSD to someone else. This also means that there is no way to stop someone from participating in markets and exercising their winning position by exchanging Positional Tokens for sUSD. Even if is taken down or blocked for any reason users can still interact directly with the using a blockchain explorer such as .

Thales also support the use of USDC, USDT, DAI (and BUSD on BNBChain) as forms of collateral for trading Positional Tokens, thanks to .

💵
Thalesmarket.io
Thales smart contracts
Optimistic Etherscan
Curve's sUSD+3CRV pool
You'll never get my sUSD.