Thetanuts Finance (NUTS) is a decentralized platform that enables users to engage in options trading for altcoins. Options are financial tools that provide traders with the right, but not the obligation, to buy or sell an asset at a predetermined price before a specific date. While numerous options protocols primarily target major cryptocurrencies such as Ether and Wrapped Bitcoin, Thetanuts Finance stands out by focusing on altcoins, thereby addressing a gap in the market.
Thetanuts Finance operates through several key components: Basic Vaults, Basic Vault LP Tokens, a Lending Market, and an Automated Market Maker (AMM). These elements work together to create an optimal options trading experience. The Basic Vaults form the foundation by selling out-of-the-money European cash-settled options to accredited market makers. Users receive Basic Vault LP Tokens when they deposit assets into Basic Vaults, and these tokens can be used in the Lending Market to earn additional interest. The Lending Market also supports flash loans and allows borrowers to open long positions. Thetanuts Finance utilizes Uniswap v3 pools in its AMM, enabling users to trade long or short on-chain options. The platform offers multiple ways for users to generate yields, including earning option premiums, interest from the Lending Market, a share of trading fees, and potential NUTS token rewards in the future.
Consider investing in Thetanuts Finance (NUTS)? It only takes 2 minutes to create an account on Bitget and start trading NUTS.
Check out the available NUTS trading pairs on Bitget!
Spot market
Buy Thetanuts Finance in Liberia with Bitget