Thetanuts Finance (NUTS)
Thetanuts Finance is a decentralized trading protocol that specializes in altcoin options and was designed to provide users with an opportunity to engage in both long and short positions via on-chain options.
From its seed and private funding rounds, the project has successfully raised $35M from reputable investors, including Polychain Capital, Hyperchain Capital, Magnus Capital, Three Arrows Capital, Deribit, QCP Capital, Jump Crypto and many others.
Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.
Thetanuts Finance Overview
NUTS/USD Price Chart
| Exchange | Pair | Price | Volume (24H) | Trust Score |
|---|---|---|---|---|
 Gate | USDT 0.00117 $0.00117 | 9.8K |
Thetanuts Finance Review
With the v3 upgrade, Thetanuts Finance is refocusing its development facilities on a decentralized blockchain options protocol focused on altcoins. Thetanuts FInance’s market-first v3 architecture leverages existing Basic Vault LP tokens to expand new use cases in blockchain options trading - through a lending marketplace and v3 Uniswap pools that are hosted on the v3 interface.
$XYZ-C (Call Vault LP Token) and $XYZ-P (Put Vault LP Token) represent these tokenized Basic Vault positions and are the basis of all trading strategies on Thetanuts Finance v3.
Thetanuts Finance sees a clear gap in the altcoin options space given what altcoins have to offer:
- High volatility: The volatility of altcoins is higher than that of major currencies, and users need a way to speculate or hedge the volatility of altcoins.
- Lack of means for generating revenue: Some altcoins do not have the ability to generate revenue (e.g., through block rewards), one way being option premiums.
Thetanuts Finance aims to fill this gap in the altcoin options space by leveraging the previous experience of leading the Option Vault protocol with the largest coverage of altcoin options.
The project is launching its native token $NUTS with a total supply of 10,000,000,000 tokens.
On May 13, 2024, Thetanuts Finance’s IEO round on Bybit was announced.
Considering the upcoming Thetanuts Finance’s Bybit IEO round and then TGE, CoinLaunch is here to inform on the project’s pros and cons to enable you to make an informed investment decision.
✅ Thetanuts Finance’s pros:
- Low Initial Circulation Supply for such a project ($2.25M);
- Relatively low Initial MC/FDV ratio (7.5%);
- Low monthly token Average Inflation Rate (2.08%);
- Great website UX/UI;
- Has several public security audits from reputable companies;
- Solid PR coverage;
- Above-the average SMM performance;
- Excellent Growth Marketing activity;
- Top tier backers and partners.
📛 Thetanuts Finance’s cons:
- Team is anonymous;
- Poor Influencer Marketing performance;
- No bug bounty program;
- Weak Marketing Infrastructure;
- Below-the average Search Engine Optimization.
Thetanuts Finance Roadmap
Launch of Basic Vaults, enabling users to sell OTM European cash-settled options to accredited market makers;
Raised a $18mm Seed round — with participation from QCP Capital, Deribit, Paradigm, GSR, Wintermute, Jump, GoldenTree, Tribe Capital, and others;
Launch of Thetanuts Finance Stronghold, an index product aggregating multiple Basic Vaults;
Launch of other Vaults — including Long Vaults (Buy-side vaults), Degen Vaults (Exotic vaults), Wheel Vaults (European physically-settled vaults);
Raised $17mm Series A round, led by Polychain Capital;
Launch of Thetanuts Finance v3 Incentivised Alpha;
Launch of Thetanuts Finance v3 Mainnet.
Others in past IDO
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