Thales Protocol first Bi-Weekly Update (Jan 5th 2024)

Thales Protocol first Bi-Weekly Update - Jan 5th, 2024

Recap of the Previous Two Weeks

Thales Protocol began its ARB incentives program with a first biweekly round on Dec 28th that will last until Jan 10th, at which point the first batch of incentives will be distributed to eligible users.

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 0* (*distribution of 19,000 ARB + maximum of 10,000 ARB LP Rebates will take place on Jan 10th)

Contracts incentivized over the last 2 weeks:

Contract address Name Rewards
0x2b89275efB9509c33d9AD92A4586bdf8c4d21505 ThalesAMM 5.000 ARB
0xae56177e405929c95E5d4b04C0C87E428cB6432B SportsAMM 5.000 ARB
0x2Bb7D689780e7a34dD365359bD7333ab24903268 ParlayAMM 5.000 ARB
0x02D0123a89Ae6ef27419d5EBb158d1ED4Cf24FA3 SpeedMarketsAMM 3.000 ARB
0xe92B4c614b04c239d30c31A7ea1290AdDCb8217D ChainedSpeedMarketsAMM 1.000 ARB
0x8e9018b48456202aA9bb3E485192B8475822B874 SportAMMLiquidityPool TBD
0xea4c2343Fd3C239c23Dd37dd3ee51AEc84544735 ThalesAMMLiquidityPool TBD
0x6848f7C1B5aa2da86F6529bed9d641A67663f0bE ParlayAMMLiquidityPool TBD

Contract address label Form 21 completed for all addresses: Yes

ARB left over: 500,000

Plan for leftover ARB: Continue the incentives as per plan on the original STIP proposal by Thales protocol

Summary of incentives: Thales Protocol started the program of ARB incentives for all Thales Protocol products: Thales Digital Options, Thales Speed Markets and Thales Sports Markets. Detailed info on the launch of incentives can be found here: Thales Protocol ARB rewards distribution | by Thales | Dec, 2023 | Medium

Additional Info / Disclosures to Multisig: Rewards buckets may slightly vary in amounts and targeted actions on upcoming biweekly rounds due to ongoing developments within Thales Protcol products.

STATS

Current stats from the beginning of the program (Dec 28)

Average daily TVL: $1,343,203

Average daily transactions: 235

Average daily volumes: $47,398

Number of unique user addresses: 185

Transaction fees: 0.95 ETH

Link to Dashboard showing metrics: https://dune.com/leifu/arb-incentive-program-dashboard

Plan For the Next Two Weeks

Amount of ARB to be distributed: 19,000 + Unknown amount (10,000 ARB cap) of LP Rebates on Jan 10th

Contracts that will be incentivized:

Contract address Name Rewards
0x2b89275efB9509c33d9AD92A4586bdf8c4d21505 ThalesAMM 5.000 ARB
0xae56177e405929c95E5d4b04C0C87E428cB6432B SportsAMM 5.000 ARB
0x2Bb7D689780e7a34dD365359bD7333ab24903268 ParlayAMM 5.000 ARB
0x02D0123a89Ae6ef27419d5EBb158d1ED4Cf24FA3 SpeedMarketsAMM 3.000 ARB
0xe92B4c614b04c239d30c31A7ea1290AdDCb8217D ChainedSpeedMarketsAMM 1.000 ARB
0x8e9018b48456202aA9bb3E485192B8475822B874 SportAMMLiquidityPool TBD
0xea4c2343Fd3C239c23Dd37dd3ee51AEc84544735 ThalesAMMLiquidityPool TBD
0x6848f7C1B5aa2da86F6529bed9d641A67663f0bE ParlayAMMLiquidityPool TBD
Contract address label Form 21 completed for all addresses: Yes

Mechanism for distribution incentives: Dedicated Dune dashboard data for eligible addresses and amounts that will be distributed via Disperse dapp.

Summary of incentives plan: Thales Protocol started the program of ARB incentives for all Thales Protocol products: Thales Digital Options, Thales Speed Markets and Thales Sports Markets. Detailed info on the launch of incentives can be found here: https://thalesmarket.medium.com/thales-protocol-arb-rewards-distribution-69c5223ef716

Summary of changes to the original plan: Rewards buckets may slightly vary in amounts and targeted actions on upcoming biweekly rounds due to ongoing developments within Thales Protcol products.

3 Likes

Thales Protocol second Bi-Weekly Update - Jan 19th, 2024

Recap of the Previous Two Weeks

Thales Protocol began its ARB incentives program with a first biweekly round on Dec 28th that finished on Jan 10th, at which point the first batch of incentives were distributed to eligible users via the disperse app. The first rewards round was a massive success for Thales Protocol due to large increase in unique user count, volume driven and transaction count.

The second biweekly round started on January 10th and is still ongoing until January 24th. The rewards structure remains the same as the first round.

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 19,000 ARB

Contracts incentivized over the last 2 weeks:

Contract address Name Rewards
0x2b89275efB9509c33d9AD92A4586bdf8c4d21505 ThalesAMM 5.000 ARB
0xae56177e405929c95E5d4b04C0C87E428cB6432B SportsAMM 5.000 ARB
0x2Bb7D689780e7a34dD365359bD7333ab24903268 ParlayAMM 5.000 ARB
0x02D0123a89Ae6ef27419d5EBb158d1ED4Cf24FA3 SpeedMarketsAMM 3.000 ARB
0xe92B4c614b04c239d30c31A7ea1290AdDCb8217D ChainedSpeedMarketsAMM 1.000 ARB
0x8e9018b48456202aA9bb3E485192B8475822B874 SportAMMLiquidityPool TBD
0xea4c2343Fd3C239c23Dd37dd3ee51AEc84544735 ThalesAMMLiquidityPool TBD
0x6848f7C1B5aa2da86F6529bed9d641A67663f0bE ParlayAMMLiquidityPool TBD

Contract address label Form 21 completed for all addresses: Yes

ARB left over: 481,000

Plan for leftover ARB: Continue the incentives as per plan on the original STIP proposal by Thales protocol

Summary of incentives: Thales Protocol started the program of ARB incentives for all Thales Protocol products: Thales Digital Options, Thales Speed Markets and Thales Sports Markets. Detailed info on the launch of incentives can be found here: Thales Protocol ARB rewards distribution | by Thales | Dec, 2023 | Medium

Additional Info / Disclosures to Multisig: Rewards buckets may slightly vary in amounts and targeted actions on upcoming biweekly rounds due to ongoing developments within Thales Protcol products.

STATS

To showcase the growth of Thales Protocol induced from ARB rewards coming from the STIP program, we will outline the stats for the previous round of rewards compared to current stats:

Stats from the first biweekly round of the program (Dec 28 - Jan 10)

Average daily TVL: $1,343,203

Average daily transactions: 235

Average daily volumes: $47,398

Number of unique user addresses: 185

Transaction fees: 0.95 ETH

**Current stats for the ongoing second biweekly round of the program (Jan 10 - Jan 24)

Average daily TVL: $1,338,527

Average daily transactions: 387 (+64% increase)

Average daily volumes: $70,734 (+48% increase)

Number of unique user addresses: 1,066 ( +881 unique users)

Transaction fees: 3.28 ETH ( +245% increase in gas fees used)

Link to Dashboard showing metrics: https://dune.com/leifu/arb-incentive-program-dashboard

Plan For the Next Two Weeks

Amount of ARB to be distributed: 19,000 + TBD amount (10,000 ARB cap) of LP Rebates on Jan 10th

Contracts that will be incentivized:

Contract address Name Rewards
0x2b89275efB9509c33d9AD92A4586bdf8c4d21505 ThalesAMM 5.000 ARB
0xae56177e405929c95E5d4b04C0C87E428cB6432B SportsAMM 5.000 ARB
0x2Bb7D689780e7a34dD365359bD7333ab24903268 ParlayAMM 5.000 ARB
0x02D0123a89Ae6ef27419d5EBb158d1ED4Cf24FA3 SpeedMarketsAMM 3.000 ARB
0xe92B4c614b04c239d30c31A7ea1290AdDCb8217D ChainedSpeedMarketsAMM 1.000 ARB
0x8e9018b48456202aA9bb3E485192B8475822B874 SportAMMLiquidityPool TBD
0xea4c2343Fd3C239c23Dd37dd3ee51AEc84544735 ThalesAMMLiquidityPool TBD
0x6848f7C1B5aa2da86F6529bed9d641A67663f0bE ParlayAMMLiquidityPool TBD
Contract address label Form 21 completed for all addresses: Yes

Mechanism for distribution incentives: Dedicated Dune dashboard data for eligible addresses and amounts that will be distributed via Disperse dapp.

Summary of incentives plan: Thales Protocol started the program of ARB incentives for all Thales Protocol products: Thales Digital Options, Thales Speed Markets and Thales Sports Markets. Detailed info on the launch of incentives can be found here: https://thalesmarket.medium.com/thales-protocol-arb-rewards-distribution-69c5223ef716

Summary of changes to the original plan: Rewards buckets may slightly vary in amounts and targeted actions on upcoming biweekly rounds due to ongoing developments within Thales Protcol products.

1 Like

Thales Protocol third Bi-Weekly Update - Feb 1st, 2024

Recap of the Previous Two Weeks

Thales Protocol began its ARB incentives program with a first biweekly round on Dec 28th that finished on Jan 10th, at which point the first batch of incentives were distributed to eligible users via the disperse app. The first rewards round was a massive success for Thales Protocol due to large increase in unique user count, volume driven and transaction count.

The second round of ARB rewards began on Jan 10th and finalized on Jan 24th. The metrics continued to rise and we had our first distribution of LP Loss Rebates due to SportsAMM LPs on Arbitrum incurring a bad week. Continued growth of unique user count, average volume driven and transaction count was clearly evident for this round as well. We had our first Focused Event Incentives distributions for participants of NFL Playoffs (30,000 ARB) and Australian Open (5,000 ARB).

The third biweekly round started on January 24th and is still ongoing until February 7th. The rewards structure remains the same as the first and second round.

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 64,000 ARB

Contracts incentivized over the last 2 weeks:

|Contract address|Name|Rewards|

| — | — | — |

|0x2b89275efB9509c33d9AD92A4586bdf8c4d21505|ThalesAMM|5.000 ARB|

|0xae56177e405929c95E5d4b04C0C87E428cB6432B|SportsAMM|40.000 ARB|

|0x2Bb7D689780e7a34dD365359bD7333ab24903268|ParlayAMM|5.000 ARB|

|0x02D0123a89Ae6ef27419d5EBb158d1ED4Cf24FA3|SpeedMarketsAMM|3.000 ARB|

|0xe92B4c614b04c239d30c31A7ea1290AdDCb8217D|ChainedSpeedMarketsAMM|1.000 ARB|

|0x8e9018b48456202aA9bb3E485192B8475822B874|SportAMMLiquidityPool|10,000 ARB|

|0xea4c2343Fd3C239c23Dd37dd3ee51AEc84544735|ThalesAMMLiquidityPool| 0 |

|0x6848f7C1B5aa2da86F6529bed9d641A67663f0bE|ParlayAMMLiquidityPool| 0 |

Contract address label Form 21 completed for all addresses: Yes

ARB left over: 417,000

Plan for leftover ARB: Continue the incentives as per plan on the original STIP proposal by Thales protocol

Summary of incentives: Thales Protocol started the program of ARB incentives for all Thales Protocol products: Thales Digital Options, Thales Speed Markets and Thales Sports Markets. Detailed info on the launch of incentives can be found here: Thales Protocol ARB rewards distribution | by Thales | Dec, 2023 | Medium

Additional Info / Disclosures to Multisig: Rewards buckets may slightly vary in amounts and targeted actions on upcoming biweekly rounds due to ongoing developments within Thales Protocol products.

STATS

To showcase the growth of Thales Protocol induced from ARB rewards coming from the STIP program, we will outline the stats for the previous round of rewards compared to current stats:

Stats from the first biweekly round of the program (Dec 28 - Jan 10)

Average daily TVL: $1,343,203

Average daily transactions: 235

Average daily volumes: $47,398

Number of unique user addresses: 185

Transaction fees: 0.95 ETH

**Global Stats from the snapshot of previous Bi-Weekly update (Jan 19th)

Average daily TVL: $1,338,527

Average daily transactions: 387 (+64% increase)

Average daily volumes: $70,734 (+48% increase)

Number of unique user addresses: 1,066 ( +881 unique users)

Transaction fees: 3.28 ETH ( +245% increase in gas fees used)

**Current Global Stats (Feb 1st)

Average daily TVL: $1,103,859

Average daily transactions: 477 (+23% increase)

Average daily volumes: $74,453 (+6% increase)

Number of unique user addresses: 2,361 ( +1295 unique users)

Link to Dashboard showing metrics: https://dune.com/leifu/arb-incentive-program-dashboard

Plan For the Next Two Weeks

Amount of ARB to be distributed: 19,000 + TBD amount (10,000 ARB cap) of LP Rebates on Feb 7th

Contracts that will be incentivized:

|Contract address|Name|Rewards|

| — | — | — |

|0x2b89275efB9509c33d9AD92A4586bdf8c4d21505|ThalesAMM|5.000 ARB|

|0xae56177e405929c95E5d4b04C0C87E428cB6432B|SportsAMM|5.000 ARB|

|0x2Bb7D689780e7a34dD365359bD7333ab24903268|ParlayAMM|5.000 ARB|

|0x02D0123a89Ae6ef27419d5EBb158d1ED4Cf24FA3|SpeedMarketsAMM|3.000 ARB|

|0xe92B4c614b04c239d30c31A7ea1290AdDCb8217D|ChainedSpeedMarketsAMM|1.000 ARB|

|0x8e9018b48456202aA9bb3E485192B8475822B874|SportAMMLiquidityPool|TBD|

|0xea4c2343Fd3C239c23Dd37dd3ee51AEc84544735|ThalesAMMLiquidityPool|TBD|

|0x6848f7C1B5aa2da86F6529bed9d641A67663f0bE|ParlayAMMLiquidityPool|TBD|

|Contract address label Form 21 completed for all addresses: Yes|||

Mechanism for distribution incentives: Dedicated Dune dashboard data for eligible addresses and amounts that will be distributed via Disperse dapp.

Summary of incentives plan: Thales Protocol started the program of ARB incentives for all Thales Protocol products: Thales Digital Options, Thales Speed Markets and Thales Sports Markets. Detailed info on the launch of incentives can be found here: [Thales Protocol ARB rewards distribution | by Thales | Dec, 2023 | Medium

](Thales Protocol ARB rewards distribution | by Thales | Dec, 2023 | Medium)

Summary of changes to the original plan: Rewards buckets may slightly vary in amounts and targeted actions on upcoming biweekly rounds due to ongoing developments within Thales Protcol products.

Thales Protocol fourth Bi-Weekly Update - Feb 26st, 2024

Recap of the Previous Two Weeks

The fourth biweekly round started on February 7th until February 21st. This round had the same ongoing incentives for the Thales protocol products in the range of 19,000 ARB per round. Additionally we saw an event focused, volume-based distribution of 10,000 ARB towards the Superbowl participants, which drove a record breaking ~ $380k of Buy-ins on Arbitrum. Another distribution for this round was two dispatchments of weekly parlay competition rewards totalling 5,000 ARB.

ARB Received Last Disbursement: 71,429

ARB Utilized as Incentives in the Last Two Weeks: 41,077 ARB

Contracts incentivized over the last 2 weeks:

|Contract address|Name|Rewards|

| — | — | — |

|0x2b89275efB9509c33d9AD92A4586bdf8c4d21505|ThalesAMM|5.000 ARB|

|0xae56177e405929c95E5d4b04C0C87E428cB6432B|SportsAMM|20.000 ARB|

|0x2Bb7D689780e7a34dD365359bD7333ab24903268|ParlayAMM|10.000 ARB|

|0x02D0123a89Ae6ef27419d5EBb158d1ED4Cf24FA3|SpeedMarketsAMM|3.000 ARB|

|0xe92B4c614b04c239d30c31A7ea1290AdDCb8217D|ChainedSpeedMarketsAMM|1.000 ARB|

|0x8e9018b48456202aA9bb3E485192B8475822B874|SportAMMLiquidityPool|7,077 ARB|

|0xea4c2343Fd3C239c23Dd37dd3ee51AEc84544735|ThalesAMMLiquidityPool| 0 |

|0x6848f7C1B5aa2da86F6529bed9d641A67663f0bE|ParlayAMMLiquidityPool| 0 |

Contract address label Form 21 completed for all addresses: Yes

ARB left over: 375,923

Plan for leftover ARB: Continue the incentives as per plan on the original STIP proposal by Thales protocol. Delegate part of event driven incentives towards the March madness campaign incoming in march.

Summary of incentives: Thales Protocol started the program of ARB incentives for all Thales Protocol products: Thales Digital Options, Thales Speed Markets and Thales Sports Markets. Detailed info on the launch of incentives can be found here: Thales Protocol ARB rewards distribution | by Thales | Dec, 2023 | Medium

Additional Info / Disclosures to Multisig: Rewards buckets may slightly vary in amounts and targeted actions on upcoming biweekly rounds due to ongoing developments within Thales Protocol products.

STATS

To showcase the growth of Thales Protocol induced from ARB rewards coming from the STIP program, we will outline the stats for the previous round of rewards compared to current stats:

**Global Stats from the snapshot of previous Bi-Weekly update (Jan 19th)

Average daily TVL: $1,103,859

Average daily transactions: 477 (+23% increase)

Average daily volumes: $74,453 (+6% increase)

Number of unique user addresses: 2,361 ( +1295 unique users)

Link to Dashboard showing metrics: https://dune.com/leifu/arb-incentive-program-dashboard

Current stats (Feb 26)

Average daily TVL: $1,103,859

Average daily transactions: 473

Average daily volumes: $70,894

Number of unique user addresses: 3,352 ( +991 unique users)

Link to Dashboard showing metrics: https://dune.com/leifu/arb-incentive-program-dashboard

Plan For the Next Two Weeks

Amount of ARB to be distributed: 19,000 + TBD amount (10,000 ARB cap) of LP Rebates on Feb 7th. 5,000 ARB for weekly parlay competitions.

Contracts that will be incentivized:

|Contract address|Name|Rewards|

| — | — | — |

|0x2b89275efB9509c33d9AD92A4586bdf8c4d21505|ThalesAMM|5.000 ARB|

|0xae56177e405929c95E5d4b04C0C87E428cB6432B|SportsAMM|5.000 ARB|

|0x2Bb7D689780e7a34dD365359bD7333ab24903268|ParlayAMM|10.000 ARB|

|0x02D0123a89Ae6ef27419d5EBb158d1ED4Cf24FA3|SpeedMarketsAMM|3.000 ARB|

|0xe92B4c614b04c239d30c31A7ea1290AdDCb8217D|ChainedSpeedMarketsAMM|1.000 ARB|

|0x8e9018b48456202aA9bb3E485192B8475822B874|SportAMMLiquidityPool|TBD|

|0xea4c2343Fd3C239c23Dd37dd3ee51AEc84544735|ThalesAMMLiquidityPool|TBD|

|0x6848f7C1B5aa2da86F6529bed9d641A67663f0bE|ParlayAMMLiquidityPool|TBD|

|Contract address label Form 21 completed for all addresses: Yes|||

Mechanism for distribution incentives: Dedicated Dune dashboard data for eligible addresses and amounts that will be distributed via Disperse dapp.

Summary of incentives plan: Thales Protocol started the program of ARB incentives for all Thales Protocol products: Thales Digital Options, Thales Speed Markets and Thales Sports Markets. Detailed info on the launch of incentives can be found here: [Thales Protocol ARB rewards distribution | by Thales | Dec, 2023 | Medium

](Thales Protocol ARB rewards distribution | by Thales | Dec, 2023 | Medium)

Summary of changes to the original plan: Rewards buckets may slightly vary in amounts and targeted actions on upcoming biweekly rounds due to ongoing developments within Thales Protocol products.