Thales Vaults
The Thales vaults work by allowing anyone to deposit USD in a certain vault which is then utilized in cycles of 1-week trading rounds that execute specific trading strategies.
USD can be deposited by the user at any time, but it will only start getting utilized at the start of the subsequent trading round. A depositor can request a withdrawal of his share at any time, but his share will be unlocked and withdrawable only when the current trading round ends.
Depositors can choose from different strategies with detailed descriptions of parameters such as utilization rate and maximum risk. Select a vault to view the specifics of that strategy and deposit USD to participate.
Vault Strategies
Strategies vary from targeting positions with odds above or below a certain threshold, or by including positions available at a certain discount.
Vaults are defined by trading strategy as well as the following variables:
Utilization rate
Price lower limit and upper limit
Max Skew impact
Max allocation on a single market
Minimum amount on a single trade and minimum deposit
Max total deposit and max users in the vault (Vault Caps)
Vault will be capped initially, with increases subject to community governance.
Main value propositions of Thales Vaults
Passive trading. There’s no need to withdraw and/or deposit for every round. If you keep your collateral inside a vault, it will automatically roll over (plus the winnings or minus the losses of the previous round) to the next round.
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