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The decentralized finance (DeFi) industry features a wide variety of trading protocols. While the most popular and well-recognized DeFi platforms focus primarily on token swaps or basic lending and borrowing operations, a sizeable segment of the industry serves the needs of more sophisticated traders.
Thetanuts Finance is a DeFi solution for altcoin options, allowing traders to go long and short and select both put and call options. Having begun in 2021 as a protocol focused on selling European out-of-the-money (OTM) options to accredited market markers, Thetanuts Finance radically expanded its offerings in early 2024 to cover both the sell side and buy side of the altcoin options market.
Besides options market trading opportunities, Thetanuts Finance offers additional yields through options premiums, automated market maker (AMM)-based liquidity provision, lending and borrowing and more.
Key Takeaways:
Thetanuts Finance (NUTS) is a multichain protocol that provides decentralized options trading and yield generation opportunities from options premiums, lending and AMM liquidity pools.
Using the protocol, traders can open both long and short positions for on-chain put and call options.
Its governance token, NUTS, can be bought on Bybit as a Spot pair (NUTS/USDT).