Overtime launches $OVER token and full Account Abstraction UX

Overtime, an onchain sportsbook platform, has formally integrated its parent protocol, Thales, under the Overtime brand. The consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, $OVER.

Overtime, an onchain sportsbook platform, has formally integrated its parent protocol, Thales, into the Overtime brand. This step introduces a unified identity for the protocol and is accompanied by the launch of a new native token, $OVER. The transition also includes a new primary domain for the project and the implementation of full Account Abstraction on Overtime to enhance the platform’s user experience.

The integration of Thales into the Overtime brand follows a four-year journey of developing a fully onchain sportsbook with the same functionality as traditional offchain platforms. Developed on the Ethereum network, Overtime’s architecture prioritizes transparency, security, and immutability.

Users can access the new Overtime domain here: https://www.overtime.io/

A Decentralized Alternative to Traditional Sports Betting

Overtime stands as a decentralized and open-access alternative to traditional bookmakers, offering a seamless sports betting platform. Users can easily join Overtime using their preferred social logins or EVM wallets, providing a simple and immediate entry point to the platform. This contrasts with traditional bookmakers, which may require lengthy registration processes, limit user access with personalized restrictions, or withhold payouts.

Since its inception, Overtime has organically become the primary driver of Thales DAO growth. In response to this development and with the aim of streamlining the project’s identity, the DAO’s community voted (via Thales Improvement Proposal 238) to fully merge Thales DAO to the branding of Overtime.

Comprehensive Onchain User Experience Enabled by Full Account Abstraction

With this launch, Overtime is also introducing a new concept: Overtime Accounts—an onchain smart account designed to abstract wallet and EVM network complexities.

Overtime Accounts use Particle Network for the seamless creation of wallets via Social Logins, and Biconomy’s SDK to handle the smart-account functionalities, enabling frictionless transactions through its Paymaster, Bundler, and Session Keys infrastructure.

After creating an Overtime Account, users can deposit supported collateral into their designated address to access Overtime’s onchain sportsbook interface. The platform supports features such as parlays, system bets, same-game parlays (SGPs), futures, and live betting. Transactions are executed through an account abstraction framework, removing the need for manual confirmations or the use of ETH to cover gas fees.

Overtime’s user experience has been designed to minimize blockchain-related complexities, allowing users to engage with the platform’s sportsbook features without requiring technical knowledge of underlying blockchain processes. The interface offers a streamlined experience comparable to traditional web applications while maintaining the transparency and self-custody benefits provided by the Ethereum network.

A new Overtime UX is available here: https://www.overtimemarkets.xyz/

The new Overtime DAO token: $OVER

The new $OVER token will have a new total supply of 69.42M, compared to the original 100M of the THALES token. This means that 30.58M THALES tokens will be burned in preparation for the migration to $OVER. All THALES token holders will be able to migrate their $THALES to $OVER token at a 1:1 ratio on the new overtime.io domain. This aligns with the new sustainable tokenomics designed to foster growth and focus it entirely on the $OVER token.

The new $OVER token will serve multiple utilities: It will serve as the primary governance token for the DAO, and users can vote on critical issues concerning the protocol’s future direction.

It will be used to pay for platform fees and other charges incurred by users.

It can be staked by users to earn interest on their tokens.

The $OVER token is built using Chainlink’s CCT token standard for easy and secure cross-network bridging using Chainlink’s CCIP. The token will be live and liquid on Optimism, Arbitrum, and Base across prominent decentralized exchanges such as Unisvarl, Velodrome, and Aerodrome.

How Overtime works

Overtime innovations are a testament to its industry leadership:

A global movement

Overtime represents an onchain revolution, a real-life example of how a traditional industry is improved by going onchain. It is a fair, permissionless, and globally accessible powerhouse that is bound to organically dethrone all classic offchain platforms.

Unlike traditional sportsbooks that may restrict users based on performance, Overtime operates on a fully transparent and onchain infrastructure. The platform’s design ensures that participation is governed by smart contracts, removing the ability to impose user-specific limitations. Engagement is determined solely by the interaction between users and the underlying liquidity smart contracts.

To date, Overtime has distributed cryptocurrency-based incentives, rewards, and competition payouts amounting to several million dollars in value. Participation in Overtime’s promotional campaigns and airdrops is open to all users, subject to eligibility criteria and regional availability.

About Overtime

Overtime is a fully on