Thales (thales)

​

What it offers

• exerciseMarket: Exercise a matured market position to claim payout
• buyFromAMM: Buy positional tokens (UP/DOWN) from the Thales AMM
• createSpeedMarket: Create a speed market position

​

Notes

• Position 0 = UP (price goes up), Position 1 = DOWN (price goes down)
• Markets expire at set times - exercise only after maturation
• Speed markets have short durations (minutes to hours)
• Binary outcome: winning position gets payout, losing gets nothing
• Approve sUSD/USDC to thalesAMM before buying

​

Its names in a program

function main() {
  // Optimism's speedMarketsAMM, `0xE16B8a01490835EC1e76bAbbB3Cadd8921b32001`.
  require(Thales.SpeedMarketsAMM != 0);
}

​

Deployments

​

ABI

​

PositionalMarketABI

• exerciseOptions() returns (uint256)

​

SpeedMarketsAMMABI

• createNewMarket((address user, bytes32 asset, uint64 strikeTime, uint64 delta, int64 strikePrice, uint64 strikePricePublishTime, uint8 oracleSource, uint8 direction, address collateral, uint256 collateralAmount, address referrer, uint256 skewImpact) params) returns (address marketAddress)

​

ThalesAMMABI

• buyFromAMM(address market, uint8 position, uint256 amount, uint256 expectedPayout, uint256 additionalSlippage) returns (uint256)

​

Next steps

• Protocols: the other protocols, by what they do.
• Protocols and tokens: calling a contract by its namespace, or through its ABI.
• Glossary: the words these pages use, in plain terms.