Thetanuts Finance (NUTS)

Thetanuts is a cross chain structured products Protocols that provides Vaults performing various options strategies, it was designed with the everyday person in mind, radically simplifying the yield earning process and providing exposure to options. Thetanuts is currently live on ETH, BSC, AVAX with Polygon and FTM and many other chains launching soon.

Seed Round: $18M

Whitepaper

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Interest lvl

Medium

Updated: May 15, 2024

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User Rating

Medium

3/5 • 1 votes

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Ticker

NUTS

Type

Utility-token

Token standard

ERC-20

FoundedUnited States

Registration countrySingapore

Registration year2021

Launchpads

ByBit

What is Thetanuts Finance

Thetanuts offers structured products that accept tokens from 11 chains as collateral while simultaneously providing users access to risk-adjusted yield opportunities in new options markets across multiple blockchains.

The platform is a relatively new protocol aiming to provide users access to crypto-structured products on multiple decentralized networks to generate a favorable return. Thetanuts argues its products will help with the creation of “new option markets” in DeFi (decentralized finance) while delivering sustainable returns to users via option selling.

Structured products being developed by Thetanuts will leverage the team’s hedge fund managerial expertise as well as financial analysts and smart contract developers. The idea will be to introduce two proprietary additions to the platform’s suite of existing products.