Thales, a peer-to-peer parimutuel markets protocol, has deployed its staking model to Arbitrum, allowing for multi-chain DAO governance. reports
Thales, a peer-to-peer parimutuel markets protocol, has deployed its staking model to Arbitrum, allowing for multi-chain DAO governance.
THALES is a standard ERC-20 token that grants governance rights over the Thales decentralized autonomous organization to users who stake the token. Some 20,000 THALES tokens will be distributed proportionally every week to users who stake THALES on Arbitrum, according to a. Each staker can acquire an additional 50% of their staking rewards as a bonus, depending on the user’s activity across the protocol.
Already deployed on Optimism, Polygon and BNB Chain, the Thales expansion of its staking approach to Arbitrum not only makes ThalesDAO governance more resilient by having governance voters or THALES stakers on several chains, but also encourages protocol usage. The Thales treasury will seed $100,000 in protocol-owned liquidity for the THALES/ETH pool on Camelot, a rising decentralized exchange on Arbitrum. Camelot decided to match THALES rewards with GRAIL, Camelot’s native token, allowing users to earn dual liquidity mining rewards on their THALES/ETH positions. Farming rewards in the form of GRAIL and THALES went live today.
Thales parimutuel markets’ on-chain data feeds mostly come from Chainlink, and “are used as immutable sources of truth for market settlement,” as said inThe protocol reached an aggregated volume of nearly $21.87 million among all its products built, according to anIncreasing almost 5% since Monday, the price of THALES currently sits at $0.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Arbitrum-Based FactorDAO Releases Staking Service Amid Code ControversyIt's been a rollercoaster few days for FactorDAO as the Arbitrum-based project sees controversies and volatile trading for $FCTR tokens after one of the most hyped launches in recent weeks. By shauryamalwa.
Leer más »
Arbitrum-Based FactorDAO Releases Staking Service, Developers Address Crypto Twitter RumorsUPDATE: FactorDAO pseudonymous founder Kurapika told CoinDesk that some 5 bullet points were mistakenly left earlier in the protocol's docs, and corrected later on, addressing rumors floating on Crypto Twitter.
Leer más »
Week in DeFi: Coinbase is Based, Platypus Reversed-Hacked and Arbitrum Finally Surpasses Ethereum | CoinMarketCapThe second largest centralized exchange (CEX), Coinbase, released their own L2 blockchain, Base, looking to onboard the next 1 billion users to crypto. & so much more! Let’s see what went down this past week in DeFi. 🔥
Leer más »
Exorde (EXD) Unveils Decentralized Solution to Address Internet MisinformationExorde (EXD) employs power of blockchain and IPFS to combat information manipulation on internet
Leer más »
Jack Dorsey’s New 'Decentralized' Twitter Hits the App StoreFormer Twitter CEO Jack Dorsey released the Beta test of the Bluesky social media app, but it's still invite-only.
Leer más »
Twitter’s decentralized alternative Bluesky arrives as an invite-only iOS appThe network is one step closer to launch.
Leer más »