Thales Protocol provides an oracle-based automated liquidity solution that is used to create various types of on-chain Positional Markets limited only by the amount of data that is available to the blockchain.** **
The simple but powerful smart contracts that serve as the foundation of Thales Market allow you to participate in markets for different crypto assets, but this format is not limited to simple up/down positions. Thales protocol continues to innovate by developing more advanced trading products like Ranged Markets AMM, offering community based games like Thales Royale and** **leveraging on-chain sports data by developing the worlds first SportsAMM and ParlayAMM solution.
Every distinct market is a dedicated smart contract that uses an oracle to establish outcome conditions. Each of these market contracts mint positions in the form of ERC-20 Positional Tokens using USD as collateral. Traders can purchase these tokens for a fraction of a USD, and when the market resolves winning Positional Tokens are redeemable for one dollar while the losing Positional Tokens expire worthless. Thales' novel AMM architecture coordinates market-making with prices derived from live oracle data feeds while a market is in the trading phase, and at the time of maturity it resolves the market so traders can redeem their winning positions.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
