Try Quests to earn cryptoOvertime Markets - Profitable Traders Bounty
Identify the 5 most profitable traders on Overtime Markets in the last two weeks. How much has each wallet won by sport?
Question
Thales is a protocol that allows for the creation of peer-to-peer parimutuel markets that anyone can join. A Parimutuel Market is a market where the collateral is locked in a pool and the final payout to participants is not determined until after the market-settling event finalizes. There are several types of markets, including Up and Down markets, ranged markets, exotic markets, and Overtime Markets.
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Overtime markets is a fully on-chain sports AMM with Chainlink sport feeds, allowing users to bet on Soccer, Football, MMA, and Baseball. For this bounty we will be focused on the Overtime volume on Optimism. Single tx example:
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For more information on Thales and Overtime Markets, see & https://overtimemarkets.xyz/#/markets
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Identify the 5 most profitable traders on Overtime Markets in the last two weeks. How much has each wallet won by sport?
Introduction
Thales is an Ethereum protocol that allows the creation of peer-to-peer parimutuel markets that anyone can join. This building block is the foundation of novel on-chain initiatives, from a platform for AMM-based positional markets to immersive gamified experiences, and much more.
The set of smart contracts composing Thales leverages uncensorable sUSD as collateral, an immutable source of truth for market settlement from Chainlink data feeds, and all the advantages (speed, costs, and security) of a rollup-centric network like Optimism.
Thales is a decentralized protocol that allows users to take part in peer-to-peer Parimutuel Markets on Optimism and Polygon. The simple but powerful smart contracts at the foundation of Thales Market allow you to participate in markets for different crypto assets, but that's just the beginning. Thales protocol continues to innovate by offering community based games like Thales Royale and more advanced trading products like Ranged Markets.
And thanks to the our passionate community, traders can take part in custom markets and speculate on real-world events (like timing "The flippening") in an uncensorable and fully permissionless way using the Exotic Markets platform. The straightforward nature of parimutuel markets - paired with nearly infinite possibilities for market making places Thales on the cutting edge of crypto fun.
There's no shortage of alternative derivatives platforms available to traders looking to escape the restrictions of TradFi - so what makes Thales different?
Thales introduces a unique combination of custom market making on the most secure and decentralized blockchain around while still providing a trading experience that's easy to understand and actually fun. No other protocol is this flexible and accessible.
What are the benefits of using Thales?
- Simplicity: First and foremost, the straightforward process of participating in markets makes the platform stand out. The simple structure of Parimutuel markets makes it easy to understand the risk and reward of a particular strategy while keeping user experience light and fun.
- Flexibility: Other options platforms restrict users to standardized expiry periods and a limited choice of assets. Why rely on a centralized entity to decide what markets you can participate in when you can take part in custom markets based around any data that's available on-chain?
- Ethereum and Optimism: No other blockchain has achieved a network effect as powerful while maintaining the highest level of security and decentralization as the Ethereum Network. And now that Thales has deployed to the Optimism Layer 2, transactions are cheap and fast while maintaining the benefits of Ethereum.
OK fine, so what makes Thales different from other pooled crypto markets?
- Usability: Ease of use is not a common feature of Defi. Parimutuel Markets just make sense and Thales has created an intuitive front-end that doesn't overwhelm users with superfluous data. Buying positions on some crypto platforms, lets be honest, feels like work.
- Exotic Markets: Where else can you predict which country will win the most medals in the Olympics, or how much ETH will be burned before the Merge?
- Unrivaled access to on-chain data: Thales has built a close relationship with Chainlink, the top Oracle network on Ethereum and Optimism, to continuously capture important off-chain information and make it available on-chain.
- Fully Decentralized Collateral: By using sUSD as collateral Thales can guarantee full decentralization. Other protocols rely on stablecoins that are backed by centralized assets which can be censored or taken offline.
- Community Governance inherited from Synthetix: The Thales protocol was spun out from the Binary Options feature released by Synthetix in mid-2020. Thales has learned from Synthetix and applies these lessons to the protocol's governance framework. The active community is passionate about developing and refining the protocol.
