Thales deposits liquidity into marketplaces and receive fees from traders (revenue). The funds collected are used to buyback and burn the THALES governance token.

Thales is a non-custodial exchange for parimutuel contracts built on Optimism, Arbitrum and Polygon. Thales was founded by Danijel Gornjakovic and was launched in December 2021.

THALES tokenholders own and govern the protocol. Thales’ investors include Framework Ventures, Apollo Capital, etc.

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Derivative exchanges

Thales

# Thales Supply-side fees Methodology

## 1. Overview

Supply-side fees is defined as the share of fees that is distributed to service providers. For Thales, this metric is set to zero. This allocation is maintained because liquidity is provided exclusively by the Thales team, resulting in no fee distribution to external liquidity providers. All options trading fees generated by the protocol are instead directed to SafeBox contracts.

## 2. Data sources

- **None**: This metric is set to a constant value and no blockchain events are consumed

## 3. Step-by-step calculation

### Component A: Supply-side fee allocation

- **Purpose**: The portion of fees distributed to supply-side participants is designated.
- **Logic**: A constant value of zero is applied to the supply-side fees metric. Because liquidity is provided solely by the Thales team, no portion of the options trading fees is allocated to external liquidity providers.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Portion of fees distributed to service providers or supply-side participants.

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Supply-side fees

Supply-side fees

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