Real Yield
All protocol fees accrued by the Thales Protocol smart contracts are distributed to THALES token stakers on a weekly basis
Last updated
All protocol fees accrued by the Thales Protocol smart contracts are distributed to THALES token stakers on a weekly basis
Last updated
All trades executed on Thales Protocol smart contracts (Sports Markets, Digital Options and Speed Markets) across all supported networks incur a 2% protocol fee. Additionally, all liquidity providers of AMM contracts have a 20% performance fee on every positive weekly LP round that additionally compliments the fee accrual.
With the Thales Protocol and its products experiencing maturing growth, the Thales Governance Structure decided that its time to start distributing 100% of all accrued fees to designated funds directly to THALES staking contracts.
Starting from January 17th 2024, all weekly stablecoin accumulations of trading and LP performance fees are directly distributed to THALES token stakers. Next to regular staking rewards of THALES tokens claimed by THALES stakers, weekly staking claims now also include stablecoin rewards gathered from global protocol usage.
To make a more fair and efficient staking system that drastically improves User Experience across all supported networks, Thales Protocol additionally leverages Chainlinks Cross-Chain Interoperability Protocol (CCIP) so THALES staking becomes completely chain-agnostic.
Using CCIP, regardless of which network you stake your THALES, you always get the same rewards per THALES staked as every staker on any network. This allows for an organic user acquisition for the Thales Protocol across Optimism, Arbitrum and Base where all stakers get an equal treatment. Not only are the THALES token rewards synchronized across networks, but the Protocol Rewards as well. Regardless of which network the fees accrue the most, you as a THALES staker on any supported network will get your fair share of stablecoin rewards as anyone else.
THALES staking continues with the regular snapshot based weekly reward claims, but from now on stakers claim Protocol Rewards in the form of stablecoins next to their regular THALES staking rewards. Protocol Reward claims will be denominated in whatever Thales Protocol uses as base collateral for the network where the claim is taking place:
Stakers on Optimism will claim their Protocol Rewards in
Stakers on Arbitrum will claim their Protocol Rewards in
Stakers on Base will claim their Protocol Rewards in