Platform: Thales
Thales is a prediction market, allowing you to hedge or bet on price action!
Directional Markets 101:
In Web3 Fashion, all you need is to connect your wallet!
- Bet if price of a coin will be above or below the ‘strike price’ at the given expiration date.
- Buy ‘up tokens’ if betting it will be above
- Buy ‘ down’ tokens if betting it’ll be below
- No liquidations, just expiration date.
- Can take profits or cut losses any time up until expiration date.
Ranged Markets:
- Bet if price of a coin will be INSIDE or OUTSIDE of the given range, before the expiration date.
- Buy “IN” tokens if betting price will be within the given range.
- Buy “OUT” tokens if betting price will be outside of given range.
- No liquidations, just expiration date.
- Can take profits or cut losses any time up until expiration date.
Step #1: Fund Your Wallet with Stablecoins
Thales has most activity on the OPTIMISM network, so we send funds there.
- Use HOP or CELER bridge to send stable coin of your choice to Optimism network.
- Accepted stable coins:
Step #2: Choose a ‘market’ to bet on
You can filter by coin, STRIKE price = betting if will be above or below this
Time remaining = time until this market ends, winners win, losers lose
Step #3: Buy the bet
- Choose the stablecoin you hold
- Choose ‘UP’ or ‘DOWN’ tokens
- Select how much you want to buy
- Analyze the potential profit
- APPROVE transaction
- BUY transaction.
- You can now see all open positions when you click on your wallet label in the top right corner of the website.
Step #4: Wait and find out!
Click the top right corner on the website (where your wallet address shows) to see your open positions and how they’re performing.
