Thales has deployed token pledge service in 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 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）

Interpretation of this information:

The message reveals that Thales, a decentralized oracle platform, has deployed a token pledge service under the Synthetix ecological option agreement in Arbitrum, an Ethereum Layer-2 scaling solution. This move by Thales indicates its commitment to ensuring the smooth operation of blockchain-based applications and protocols.

One of the key benefits of employing a decentralized oracle, which Thales provides, is the guarantee of secure and reliable data feeds. These data feeds are crucial for the functioning of smart contracts that automate processes in various industries, such as finance, insurance, and logistics.

By deploying a token pledge service in Arbitrum, Thales aims to incentivize users to provide liquidity for the network. This liquidity enables users to earn rewards for staking their tokens, which helps secure the network and maintain its stability. Thales is offering two types of rewards: a basic reward of 20000THALES, which is distributed to all pledgers of weekly epoch on the Arbitrum chain in proportion, and a Bonus reward of 10000THALES, which is distributed to users of products built on Arbitrum in proportion.

The deployment of Thales’ token pledge service on Arbitrum is significant because Arbitrum is one of the most popular Ethereum Layer-2 scaling solutions. By supporting it along with Ethereum and Optimism, Thales can significantly expand its user base and cater to the needs of a broader audience who are seeking faster transaction times and lower fees.

Overall, Thales’ deployment of token pledge service on Arbitrum demonstrates the company’s focus on creating value for its users and building trust in the decentralized ecosystem. Given the rapid growth of blockchain-based applications and protocols, Thales’ efforts to provide secure and reliable data feeds are critical to the continued success of these systems. The launch of this service is a significant milestone for Thales and for the broader blockchain community, as more users will be incentivized to participate in the network and contribute to its growth.