Thetanuts Finance has closed an USD18 million seed round, led by Three Arrows Capital, Deribit, QCP Capital, and Jump Crypto.
The funding will finance the development of Thetanuts Finance’s structured products platform and user-friendly instruments in the crypto derivatives ecosystem.
As a crypto derivatives trading platform, Thetanuts Finance offers structured products that accept tokens from 11 chains as collateral. This gives users access to the most competitive risk-adjusted yield opportunities while creating new options markets for native tokens across multiple blockchains.
The USD18 million capital infusion will go toward Thetanuts Finance’s efforts to create innovative DeFi structured products. This will draw on the team’s expertise as hedge fund managers, financial analysts, and smart contract developers to introduce two proprietary additions to Thetanuts Finance’s suite of products.
The Theta-Index, an option basket giving everyday investors more well-rounded risk management, and Theta-Wheel, physically settled vaults that alternate between calls and puts, allowing investors to “buy low and sell high” while earning premiums, form a foundation for future options products offered by Thetanuts Finance. Together, they simplify otherwise hard-to-access options products for the everyday users.
Thetanuts Finance is backed by recognizable names such as DeFi Capital, Raptor Group, Mirana Ventures, Crypto.com Capital, Tribe Capital, DeFi Capital, Goldentree, and Borderless. Moving forward, Thetanuts will engage DAOs and GameFi projects to develop yield generation opportunities.