Willemstad, Curaçao, April 2nd, 2025, Chainwire
Overtime, an onchain sportsbook platform, has formally built-in its father or mother protocol, Thales, underneath the Overtime model. The consolidation introduces a unified identification for the protocol and coincides with the launch of a brand new native token, $OVER. As a part of the transition, the venture has additionally unveiled a brand new main area and carried out full Account Abstraction integration to boost the platform’s person expertise.
With over 4 years of growth, Overtime has established itself as a completely onchain sportsbook providing performance akin to conventional offchain platforms. Constructed on the Ethereum community, the protocol emphasizes transparency, safety, and immutability. Overtime’s operational historical past consists of:
- Over $200 million in volumes
- Assist for over 100 sports activities and leagues
- 50,000 lively customers
- Greater than 10,000 distinctive betting markets
Customers can entry the brand new Overtime area right here: https://www.overtime.io/
A Decentralized Various to Conventional Sports activities Betting
Overtime distinguishes itself from conventional bookmakers by working a completely decentralized, permissionless sportsbook platform. Anybody can seamlessly entry Overtime with a easy connection with out the obstacles of conventional restrictive betting limits, arbitrary bans, or withheld payouts.
Since its inception, Overtime has organically change into the first driver of Thales DAO progress. Recognizing this progress, the DAO’s group unanimously permitted (through Thales Enchancment Proposal 238) the full merger of Thales DAO to the branding of Overtime.
Complete Onchain Consumer Expertise Enabled by Full Account Abstraction
With this launch, Overtime can also be introducing a brand new idea: Overtime Accounts—an onchain good account designed to summary pockets and EVM community complexities.
Overtime Accounts use Particle Community for the seamless creation of wallets through Social Logins, and Biconomy’s SDK to deal with the smart-account functionalities, enabling frictionless transactions by way of its Paymaster, Bundler, and Session Keys infrastructure.
After creating an Overtime Account, customers can deposit supported collateral into their designated tackle to entry Overtime’s onchain sportsbook interface. The platform helps options reminiscent of parlays, system bets, same-game parlays (SGPs), futures, and reside betting. Transactions are executed by way of an account abstraction framework, eradicating the necessity for guide confirmations or the usage of ETH to cowl gasoline charges.
Overtime’s person expertise has been designed to reduce blockchain-related complexities, permitting customers to interact with the platform’s sportsbook options with out requiring technical information of underlying blockchain processes. The interface provides a streamlined expertise akin to conventional internet purposes whereas sustaining the transparency and self-custody advantages supplied by the Ethereum community.
A brand new Overtime UX is offered right here: https://www.overtimemarkets.xyz/
The brand new Overtime DAO token: $OVER
The brand new $OVER token could have a brand new complete provide of 69.42M, in comparison with the unique 100M of the THALES token. Because of this 30.58M THALES tokens might be burned in preparation for the migration to $OVER. All THALES token holders will be capable to migrate their $THALES to $OVER token at a 1:1 ratio on the brand new additional time.io area. This aligns with the brand new sustainable tokenomics designed to foster progress and focus it solely on the $OVER token.
The brand new $OVER token will serve a number of utilities:
- $OVER as Betting Collateral: Through the use of $OVER token as collateral on Overtime, customers will get pleasure from improved odds (2% higher than baseline odds) in comparison with different collaterals. This boosts $OVER token utilization and aligns token holders with platform customers.
- Buyback & Burn: All charges from Overtime will circulation straight in the direction of $OVER token buybacks, focusing all the progress of the venture in the direction of the token. Burning the buybacks reinforces deflationary token dynamics.
- Governance Token: Holding $OVER grants voting energy inside Overtime’s decentralized governance construction.
The $OVER token is constructed utilizing Chainlink’s CCT token commonplace for straightforward and safe cross-network bridging utilizing Chainlink’s CCIP. The token might be reside and liquid on Optimism, Arbitrum, and Base throughout outstanding decentralized exchanges reminiscent of Uniswap, Velodrome, and Aerodrome.
How Overtime works
Overtime improvements are a testomony to its trade management:
- Onchain Parlays, System Bets, and SGPs: With its cutting-edge good contract know-how, Overtime brings superior sportsbook options onchain.
- Reside Betting: With the Merkle Tree-based core structure paired with sturdy Chainlink oracle infrastructure, Overtime has managed to carry Reside Betting onchain with out the dangers of frontrunning and poisonous circulation.
- Permissionless Liquidity Offering: Overtime Liquidity Swimming pools permit anybody to deposit USDC, ETH, and BTC collateral to achieve publicity to platform efficiency and act as a counterparty pool in opposition to the merchants.
- Onchain Free Bets infrastructure: Anybody can wrap their tokens and ship them as Overtime Free Bets. Overtime’s open Free Bets answer is a cutting-edge instrument for person rewards and onboarding.
A world motion
Overtime represents an onchain revolution, a real-life instance of how a conventional trade is improved by going onchain. It’s a truthful, permissionless, and globally accessible powerhouse that’s sure to organically dethrone all traditional offchain platforms.
Not like conventional sportsbooks which will limit customers primarily based on efficiency, Overtime operates on a completely clear and onchain infrastructure. The platform’s design ensures that participation is ruled by good contracts, eradicating the flexibility to impose user-specific limitations. Engagement is decided solely by the interplay between customers and the underlying liquidity good contracts.
So far, Overtime has distributed cryptocurrency-based incentives, rewards, and competitors payouts amounting to a number of million {dollars} in worth. Participation in Overtime’s promotional campaigns and airdrops is open to all customers, topic to eligibility standards and regional availability.
About Overtime
Overtime is a completely onchain sportsbook designed for accessibility, permitting customers to attach through social accounts or EVM-compatible wallets. The platform helps a number of cryptocurrencies and offers fiat onramp choices by way of bank card funds. Overtime replicates the core functionalities of conventional sportsbooks whereas working by way of decentralized infrastructure. The protocol doesn’t implement person bans or individualized restrictions, enabling open entry to put bets and withdraw funds. All through every season, customers could also be eligible for varied types of incentives reminiscent of cryptocurrency airdrops, free wager credit, and different rewards. Moreover, individuals have the choice to contribute to the platform’s liquidity pool, successfully taking over the function of liquidity suppliers.
Contact
Overtime Data
[email protected]
