Thales Implements Pledge Service on Arbitrum
It is reported that Thales under the Synthetix ecological option agreement has deployed token pledge service in Arbitrum. At present, Thales supports the main …
It is reported that Thales under the Synthetix ecological option agreement has deployed token pledge service in Arbitrum. At present, Thales supports the main network of Ethereum, Optimism and Arbitrum. Among them, the basic reward is 20000THALES, which is distributed to all pledgers of weekly epoch on the Arbitrum chain in proportion, and the Bonus reward is 10000THALES, which is distributed to users of products built on Arbitrum in proportion. （Medium）
Thales has deployed token pledge service in Arbitrum
Interpretation of the news:
Thales, a decentralized solutions provider, has reportedly deployed token pledge service in Arbitrum under the Synthetix ecological option agreement. With the latest implementation, Thales now supports the main networks of Ethereum, Optimism, and Arbitrum.
As per the message, Thales offers a basic reward of 20000THALES, which is distributed weekly epoch in proportion to all pledgers on the Arbitrum chain. Additionally, a Bonus reward of 10000THALES is distributed in proportion to users of products built on Arbitrum.
The deployment of the pledge service on Arbitrum is a positive move for Thales and the crypto community. Pledge service represents a crucial aspect of the DeFi project as it allows investors to lock-in specific assets for a set period, contributing to the liquidity of the ecosystem. The pledgers get rewards for their participation in the project, and these can be varied depending on the particular initiative.
In this case, Thales has provided a basic reward and a bonus reward, which can serve to incentivize investors for joining the pledge service on Arbitrum. The 20,000 THALES reward for pledgers means that more people may be motivated to participate, leading to higher liquidity levels.
Moreover, the Bonus reward of 10,000 THALES for users of products built on Arbitrum is an excellent move. This may lead to more projects building on top of Arbitrum and using the pledge service, potentially leading to an extended reach for both Thales and Arbitrum.
Overall, the message suggests that Thales is continuing to expand and develop its solutions, with the new Arbitrum implementation being another example. Thales is known for providing a range of decentralized solutions, and this latest move serves to reinforce its commitment to the space.
Title: Thales Implements Pledge Service on Arbitrum
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