Thetanuts Finance (NUTS) is a protocol focused on altcoin options, offering structured products and yield generation. More
| Fully Diluted Valuation | $14.31M |
|---|---|
| 24H Trading Volume | $56,409 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 2.31B |
| Total Supply | 10.00B |
| Max Supply | 10.00B |
| Categories | Decentralized Finance (DeFi) 5 more |
|---|---|
| Founder | Anonymous |
| Website | thetanuts.finance Whitepaper |
| Socials | 2 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0x23f....c0c9b
|
| Name | Pair | OG Score |
|---|
Thetanuts Finance (NUTS) is a decentralized on-chain options protocol focused on altcoin options. It aims to make yield generation through options trading simple and accessible for all users.
Initial Launch and Development
Launched in September 2021, Thetanuts Finance introduced Basic Vaults that sold out-of-money (OTM) European cash-settled options to market makers. This approach generated option premiums as yields for users, showcasing the potential of on-chain options.
Upgrading to v3 Architecture
Thetanuts Finance is now moving to a v3 architecture, focusing on decentralized on-chain options for altcoins. This upgrade uses Basic Vault LP Tokens to support new options trading uses. Features include a Lending Market and integration with Uniswap v3 Pools, accessible via the new v3 interface.
Market Performance
In 2021 and 2022, Thetanuts Finance reached a peak TVL of $550 million in April 2022. Despite a decline of about 90% from this peak, it remained the second largest Option Vault protocol by TVL and the leading protocol for altcoin options.
Cross-Chain Support
Thetanuts Finance operates on multiple blockchain networks, including Ethereum, BNB Chain, Polygon, Avalanche, Cronos, Arbitrum, Filecoin, and Polygon ZkEVM, with plans to support more in the future.
User-Focused Design
Designed for ease of use, Thetanuts Finance offers vaults with various options strategies, like covered put/call vaults, and plans to add more strategies. The goal is to help users maximize yields in any market condition with a simple and intuitive interface.
Conclusion
Thetanuts Finance is a leading on-chain options protocol for altcoins. With its advanced v3 architecture, cross-chain capabilities, and user-friendly design, it helps users achieve better yields through straightforward options trading.
Thetanuts Finance is unique for its focus on decentralized on-chain options specifically for altcoins, utilizing an innovative v3 architecture that integrates Lending Markets and Uniswap v3 Pools for enhanced options trading.
The founders of Thetanuts Finance have not been disclosed.
You can buy Thetanuts Finance (NUTS) on Gate.io, Bybit, Uniswap V2 (Ethereum), Bilaxy, Mudrex cryptocurrency exchanges.
Join
OGAudit
