Thales Protocol Bi-Weekly STIP.b Update 02.09.2024.
Recap of the Previous Two Weeks
ARB Received Last Disbursement: 33,334 ARB
ARB Utilized as Incentives in the Last Two Weeks: 50,000.
Contracts incentivized over the last 2 weeks: SportsAMM
Contract address label Form 48 completed for all addresses: Yes
ARB left over: 150,000 ARB
Plan for leftover ARB: Biconomy architecture for using ARB as paymaster gas tank is still not in production, so that bucket is put on hold. Voucher V2 architecture from Thales Protocol finally supports ARB tokens for Overtime V2 on Arbitrum . The 20,000 ARB tokens were distributed as a fixed Free Bet Airdrop for all historical Overtime V1 users on Arbitrum above a certain volume threshold. For the Focused Event Incentives, we have the allocation of 30,000 ARB for the MLB competition that are designated pro rata to MLB volume drivers to be dispersed on October 1st. Overtime also just launched the Overdrop League, which is a complex XP point system that runs until June 2025 on all supported networks with Arbitrum included. The campaign plans to distribute 200,000 ARB pro rata to users that accrued XP pro rata over the entire sports season. This amount will partly be taken from the original Thales Protocol ARB airdrop received on the launch of ARB token (150,000 ARB) and partly from the STIP.b grant program funds (50,000 ARB).
Summary of incentives:
- 20,000 ARB towards Free Bet Airdrop, coming soon on Overtime V2 Arbitrum launch
- 30,000 ARB towards MLB volume drivers as Focused Event Incentives bucket
Plan For the Next Two Weeks
Amount of ARB to be distributed:
- 200,000 ARB (50,000 ARB from STIB.b program) designated towards the Overdrop League for the season long XP program ending in June 2025
- 100,000 ARB as Free Bet distribution to valuable Arbitrum onchain users for onboarding new users
Contracts that will be incentivized: 0xfb64E79A562F7250131cf528242CEB10fDC82395
Contract address label Form 5 completed for all addresses: Yes
Mechanism for distribution incentives: Disperse dapp, inhouse Free Bet disperse function
Summary of incentives plan:
- 200,000 ARB designated towards Overdrop League (50,000 ARB from STIP.b)
- 100,000 ARB as Free Bet distribution to valuable Arbitrum onchain users for onboarding new users
Summary of changes to the original plan: N/A