Thales Protocol Final Bi-Weekly STIP.b Update 26.09.2024

DAO Programs & Initiatives Biweekly Updates (STIP)
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Thales Protocol Final Bi-Weekly STIP.b Update 26.09.2024.

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 33,334 ARB

ARB Utilized as Incentives in the Last Two Weeks: 150,000.

Contracts incentivized over the last 2 weeks: SportsAMM

Contract address label Form 48 1 completed for all addresses: Yes

ARB left over: 0 ARB

Biconomy architecture for using ARB as paymaster gas tank is still not in production. We have decided to utilize the ARB fully towards pro rata distribution towards Overdrop League participants and towards the ARB Free Bet rewards for user acquisition.

Since the launch of Overtime V2 on Aribtrum, the uptrend and dominance of the Arbitrum deployment is evident compared to other networks, acting as a testament of how ARB Free Bets have an amazing organic effect in pure user acquisition.

Chart showing weekly volume where blue highlights the Arbitrum deployment.

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Summary of incentives:

  • 100,000 ARB towards Free Bet Airdrop, coming soon on Overtime V2 Arbitrum launch
  • 50,000 ARB towards MLB volume drivers as Focused Event Incentives bucket

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 1 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: Biconomy architecture for using ARB as paymaster gas tank is still not in production and is replaced with further ARB Free Bet distribution towards acquiring valuable long term users.

1 Like
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Hey padzank! Congratulations on the achievement! I have a question, has Thales estimated how many users would stay if the STIP were stopped? I hope to see a long-term effect.

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Hi! Amazing question.

We proud ourselves to focus on organic usage acquisition, where our main method of rewards are Free Bets that represent locked tokens that can EXCLUSIVELY be used only to place a trade on Overtime. This mechanism is mostly used to get a new set of eyes on the product itself due to the presence of the one-off free bet, and for those new users to stick around organically. This is working successfully and people are loving the product.

We have no liquid token rewards that can be farmed easily, meaning that our volume numbers are not inflated.

In periods of time where we don’t have a campaign or a rewards batch, people are still using the product and volume is going up.

1 Like
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Great to hear the nice reply! This is what we really want achieve by STIP!