Thales Protocol Documentation
  • â„šī¸Introduction to Thales Protocol
  • đŸ—ī¸Foundational Architecture of Thales
  • ❔Frequently Asked Questions (FAQ)
  • 📜The Story of Thales from Miletus
  • đŸ› ī¸For Developers
  • âšŊThales Sports Markets
    • Revolutionizing Sports Markets
    • Thales Sports Markets Architecture
      • Game Market Smart Contract
      • SportsAMM Smart Contract
      • ParlayAMM Smart Contract
      • Liquidity Providing Smart Contracts
    • Singles Market Making
    • Parlays Market Making
    • Onchain Sports Odds
    • Sports Markets Liquidity Providing
    • Sports Markets Integration
  • 📈Thales Digital Options
    • Introduction to Thales Digital Options
    • Mechanics of Tokenized Digital Options
    • How Thales AMM works
    • Digital Options Liquidity Providing
    • Digital Options Integration
  • ⚡Thales Speed Markets
    • Introduction to Speed Markets
    • Chained Speed Markets
    • Speed Markets Integration
    • Speed Markets Trading Guide
    • Speed Market Deposit Guides
      • Deposit USDC from Coinbase
      • Deposit from Binance Mobile App
      • Deposit from Binance Website
  • đŸ”ĩTHALES Token
    • THALES Token Info
    • THALES Token Distribution
    • Staking Guide
    • Automate staking with Chainlink Automation
    • Automate staking with Gelato Functions
    • Real Yield
  • âš–ī¸Governance
    • Thales Governance Structure
    • Thales Improvement Proposals (TIPs)
  • Links
    • Thales Protocol Blog
    • Thales Protocol Discord
    • Thales Protocol Twitter
  • đŸ—ƒī¸Resources
    • Thales Protocol Smart Contract List
    • Thales Media Kit
    • Thales Whitepaper (2021)
    • Smart Contract Audits
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  • Incentivized TIPs
  • Steps to Create a Successful TIP
  1. Governance

Thales Improvement Proposals (TIPs)

Last updated 1 year ago

TIPs are the catalyst for change within the Thales protocol. These community submitted proposals can be anything from to There is no central point of decision-making within the platform; proposals are thought up, discussed and vetted by the community until they reach a state of consensus and agreement that a specific change should move forward. Only then can a TIP be submitted to the Council for consideration.

Incentivized TIPs

As per , submitter are incentivized with 500 USD worth of THALES tokens for TIPs that pass the Thales Council vote!

The creation and submission of TIPs is fairly formal and time consuming and very few TIPs are submitted my community members that are not current or past council members or core contributors. We want to see Thales evolve with the input of the entire community, so now when a TIP is voted in the author will receive 500 USD worth of THALES via the Thales Treasury.

The following parameters must be met for a TIP author to become eligible for the incentive:

  • The TIP must pass the voting process, with at least 5 of the 7 council members voting in favor of the TIP, or 7 out of 7 for meta-governance.

  • TIPs involving trivial parameter changes, such as Buyback & Burn updates, LP ratios and LP incentive amounts will be excluded.

  • Core Contributors and Council Members are excluded.

Once a TIP has been voted in with 5/7 (or 7/7 if meta governance) YES votes, the author is eligible for 500 USD worth of THALES distributed via Treasury.

The amount of THALES tokens required to equal 500 USD will be calculated at the time the incentive is sent, and will be based on the current rate obtained by the Treasury from a reputable source.

This incentive will be delivered either via Discord Tipbot or by sent directly to an address provided to the Treasury by the author. If a TIP is created and submitted by multiple authors the incentive amount will be split equally among each author.

Steps to Create a Successful TIP

  1. The community gives birth to an idea, shapes it, molds it, burnishes it in the fires of discussion.

  2. Once enough support is evident, an author will use the to craft the proposal in the correct format.

  3. TIPs are submitted by forking the and adding the new TIP.

  4. TIP Editors will reach out to the author and assist them with any edits required to make the TIP meet format and content standards.

  5. Core Contributors will assist the TIP author with doing a feasibility study to ensure the TIP could be successful in practice.

  6. A TIP is reviewed by the Thales Council and if the proposal is feasible, the Council will interview the author.

  7. The Council will vote on the TIP using the of the governance site.

  8. If successful, the Council will work with the Protocol DAO to merge the branch and officially deploy the update to the protocol.

âš–ī¸
formalizing the tokenomics of the platform
adding tradable assets to market feeds.
TIP-154
TIP Template
TIP GitHub Repository
TIP tab