Thales Vaults
Last updated
Was this helpful?
Last updated
Was this helpful?
are products that accepts user deposits and uses those deposits on automated trading strategies on the Thales Marketplace.
Vaults are currently available using sUSD on Optimism and USDC on Arbitrum .
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.
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)
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.
Thales Vaults can be found in the sidebar menu of the dapp, or by using this direct link:
: Buys positions that have more than 50% calculated probability and are available at a discount larger than 3%.
: Buys positions that are available for more than a 2% discount, without taking into account the probability of the position.
: Buys positions that have more than 75% calculated probability and are available at any discount (1% or higher).
Currently Vault Caps on Optimism are 100 users and 100,000 sUSD total.
On Arbitrum vaults are capped at 100 users and 50,000 USDC total.
Vaults have lower Trading Fees (from 3% to 0.5%). Trader's benefit from , which effectively gives more edge to Thales Vaults and their strategies, compared to a user manually executing the same trades.
The full amount deposited into the vaults (be it or ) by users counts toward the .
