What Is Thales?
Thales is a platform leveraging parimutuel markets to offer user-friendly derivatives, prediction markets, and sports betting. It operates under a dedicated DAO structure, with THALES as its governance token.
Background
Originally stemming from Synthetix, Thales emerged as a separate entity due to the expansion of its binary options product. It maintains a close relationship with Synthetix and operates on multiple blockchain networks.
How It Works
Thales Protocol provides oracle-based liquidity solutions for creating diverse on-chain Positional Markets. These markets utilize smart contracts to enable trading in various crypto assets and innovative products like Ranged Markets AMM and SportsAMM.
Key Takeaways
- Thales offers user-friendly derivatives, prediction markets, and sports betting.
- Operates under a dedicated DAO structure with THALES as its governance token.
- Provides oracle-based liquidity solutions for creating diverse on-chain Positional Markets.
- Offers innovative trading products like Ranged Markets AMM and SportsAMM.
- Utilizes live oracle data feeds for market-making and resolution.
