Thales — a protocol on Ethereum that allows the creation of peer-to-peer markets that anyone can join. This building block is the foundation of new online initiatives, from an order book-based positional markets platform to betting games.
The set of smart contracts that make up Thales use the uncensored sUSD as collateral, the unchanging source of truth for market settlement from Chainlink data feeds, and all benefits (speed, cost and security) of a summary-centric network like Optimism. With the support of bright minds, talented souls and passionate people in the Thales community, the protocol is being improved, battle-tested and more resilient every day.
Other features:
| 1 | The THALES governance token - a standard ERC-20 token, used to govern the Thales protocol. |
| 2 | These tokens grant the respective staker the right to participate in the management of Thales. |
Thus, the THALES staker is the basis of every key decision important to the development of the protocol. Any additional utility of the token that may be relevant to the protocol can be decided and approved by the protocol's community governance structure. Currently, synthetic USD or sUSD, is the only asset, supported by Thales for creating or trading options.
Customizable unique markets are also offered. Such as the amount of ETH burned, the ETH/BTC market cap ratio, announced XYZ airdrops and sports markets, and many other customizable markets will be available soon.