Overtime is coming to Arbitrum!
If you’ve been with Overtime from the beginning you’ll know we don’t sit still for long. With new ways to position, updates to improve Parlays (with up to 8-leg ticket and 40x max quote) and new features like Vaults and Vouchers, there’s nothing we won’t do to push the limits of fun, fair, and transparent on the blockchain.
Overtime is thriving with over 17 million in notional volume & 100,000 positions taken since launching on Optimism, and we think it’s time to bring your favourite sports markets to another chain- Arbitrum!
With the early success of the Thales AMM on Arbitrum and the embrace of the team at OffChain Labs, the company behind the layer 2 network, it only makes sense to bring Overtime along for the ride. We’re going multi-chain!
That means all sports, all leagues and all position types (including spreads, handicaps, double chance, and parlays) will be available on Arbitrum.
There will even be a “Get Started” page to make onboarding to the new chain as easy as possible. And you can relax knowing we’ll continue to utilise the best data available on the blockchain with the help of Chainlink sports feeds.
So get to your bridge of choice and get ready for the most fun you’ll have on Arbitrum.
Overtime on Arbitrum
The community has pushed for this expansion into the Arbitrum universe and now that TIP-115 Deploy Overtime to Arbitrum has been voted in by Thales governance, we have the go-ahead to launch.
On Arbitrum, USDC is the supported stable coin, Markets will be seeded with liquidity at levels similar to Optimism, with 100,000 USDC added to the Overtime Sports AMM and another 50,000 USDC to fund the Parlay AMM. This should be more than enough to jump-start trading on the network and provide plenty of options in all your favourite markets.Remember, Overtime sports AMM is very capital efficient, as it inherits its architecture from the elegant solution developed by Thales and its AMM.
If you’re new to Overtime Markets this expansion to Arbitrum is a great chance to get in the game. Our Documentation will get you up to speed and if you’re a particularly visual learner you can check out our video tutorials like “What are Overtime Markets and how to participate?”. You can even join our Discord for questions and friendly trash talk when there are live games with our community.
With Arbitrum’s competitive speed and transaction costs you can expect the same great trading experience of Overtime on Optimism with the reliability of Chainlink’s sports feeds and the security of Ethereum. And since we love giving back to traders we’ve decided to celebrate our multi-chain deployment with an Arbitrum Galxe Campaign!
Arbitrum Galxe campaign — Double your first $10 buy-in!
The last few Galxe campaigns have added a new dimension to the Overtime experience. We plan to do the same on Arbitrum with a new campaign that gives you a second chance with the first $10 you spend on the platform. All you have to do to earn the $10 voucher is complete this Galxe campaign and buy a $10 position on Overtime.
Once you’ve connected your wallet to your Galxe ID and taken your position simply join the Thales discord, follow @OvertimeMarkets on Twitter and retweet the Arbitrum Launch Announcement to qualify. We’ll send the first 250 qualified traders a voucher NFT good for a $10 position (singles or parlay).
Galxe Campaign : https://galxe.com/Overtime/campaign/GCA5HU4vum
What’s next for Overtime on Arbitrum?
We are happy to announce the integration of two new soccer leagues with our Arbitrum deployment. Users can now take positions on UEFA Europa Leagues as well as the J1 football league. The new leagues are also available on Optimism.
That said, you didn’t think we’d be satisfied with a new chain, did you? Be on the lookout for updates to Overtime Arbitrum like new kinds supported collateral and Vaults to get easy exposure to predefined strategies. There will also be new sports, more leagues and of course competitions to reward the most successful traders as we keep building.
Make sure you get in on the banter in our Discord and follow us on Twitter for all the updates. It’s a great time to hop on the bandwagon because Overtime isn’t stopping any time soon!
About Overtime
Overtime is the first fully decentralized sports platform. Overtime allows users to trade seamlessly with our sports AMM so there is always a position to be taken on your favorite games. Born out of Thales protocol, Overtime keeps pushing the mission of gamifying DeFi one step further and helping close the gap with the inclusion of real-life sport events.
Follow us, join our community, and start playing now!
Website : https://overtimemarkets.xyz/#/
Discord: https://discord.gg/thales
Twitter: https://twitter.com/OvertimeMarkets
Documentation: https://docs.overtimemarkets.xyz
