What is Thetanuts Finance? Thetanuts Finance is a protocol working on Structure Finance (Structured products) in the DeFi market with diverse strategies and customers. Recently, Thetanuts Finance has successfully called for many large investment funds such as Polychain Capital, HyperChain Capital and Magnus Capital. So what makes Thetanuts Finance attractive?
Before reading the article about Thetanuts Finance, people can refer to some articles about similar projects such as:
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What is Thetanuts Finance?
Overview of Thetanuts Finance
Thetanuts Finance is a project belonging to the Structure Finance puzzle in the DeFi market with a potential customer base that not only stops at DeFi users, but Thetanuts Finance is also a potential place for DAOs of projects to take advantage of to create. generate profits for DAO’s idle assets. With Thetanuts Finance, users just deposit their assets and claim profits.
Launched at a time when the Crypto market was exploding in August 2021, Thetanuts Finance is a group of developers, fund managers and financial analysts with extensive experience in the crypto market.
How are profits on Thetanuts Finance generated?
The main source of profit (Yield) that Thetanuts Finance is looking for is the premium fee of options transactions, the main reason because the profit sources are organic and do not come from an incentive event or the project’s Liquidity Mining program. The basic mechanism of action will be as follows:
- Step 1: Users will deposit money into an Option Vault of Thetanuts Finance.
- Step 2: Thetanuts Finance will mortgage those assets and participate in selling options contracts to receive premium fees for the transactions.
- Step 3: Share a portion of profits with depositors in the form of the assets they deposit into the protocol.
One of the MMs that Thetanuts Finance is working with is QCP CapitalGSR, Bastion TradingTDX Strategies, Grapefruit Trading,…
Thetanuts Finance products
Thetanuts Finance includes the following products: Stronghold, Basic Vaults, Degen Vaults, Long Vaults, Wheel Vaults.
- Stronghold is a collection of many Basic Vaults suitable for those who want to diversify their investment portfolio.
- Basic Vaults: With Basic Vaults, Thetanuts Finance will provide users with two options: selling call options or selling put options. With this form, the main source of profit will be the premium of options transactions.
- Long Vaults: With Long Vaults, Thetanuts Finance allows users to participate in buying short-term options on the platform itself.
- Wheel Vaults: With Wheel Vaults, Thetanuts Finance allows users to make profits by buying low and selling high.
Development Roadmap
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Investor
- March 1, 2022: At the Seed round, Thetanuts Finance successfully called for an amount of up to $18M for the first time, led by Jump Crypto, 3AC, Deribit and QCP Capital, with the participation of Mirana Capital, MEXC, Genesis, GoldenTree Asset Management ,…
- April 24, 2023: Thetanuts Finance successfully raised an amount of up to $17M led by Polychain Capital with participation from Magnus Capital and Hyperchain Capital.
Core Team
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Tokenomics
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Exchanges
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Project Information Channel
- Website: https://app.thetanuts.finance/stronghold
- Twitter: https://twitter.com/ThetanutsFi
- Discord: dsc.gg/thetanuts
Summary
Thetanuts Finance is a protocol that helps users earn Real Yields in the crypto market. However, the Option market is still very small at the present time, so the profit source that Thetanuts Finance is bringing to users is not too large.
That’s why Thetanuts Finance must make more efforts to solve the problem of maximum profit for users.