Thetanuts Finance Grabs $18M Funding Round to Democratize DeFi Structured Products

Thetanuts Finance, a decentralized finance (DeFi) company, on Monday announced that it has raised US$18 million in a funding round led by prominent investors, including Three Arrows Capital, Deribit, QCP Capital, and Jump Crypto.

Thetanuts disclosed that it plans to use the funding to spearhead the development of its structured products platform and user-friendly products in the crypto derivatives ecosystem. In other words, the firm will inject the investment to boost its efforts towards creating its innovative DeFi structured products.

Thetanuts provides structured products that accept tokens from 11 chains as collaterals. The DeFi platform also provides users with access to risk-adjusted yield opportunities in new options markets across multiple blockchains.

The platform, a relatively new protocol, aims to provide users with access to crypto-structured products on multiple decentralized networks to generate a favourable return. Thetanuts said that its products, as being developed, will assist in creating “new option markets” in DeFi while providing sustainable returns to users through option selling.

Thetanuts further mentioned that its structured products would leverage the expertise of hedge fund managers, financial analysts, and smart contract developers.

Among the company’s major products include the Theta-Index, an option basket offering automated yield generation, and Theta-Wheel, physically settled vaults aiming to help investors “buy low and sell high.”

“With Theta Index and Theta Wheel, we are hoping to empower retail and institutional investors to earn significantly higher yield which is organically generated through options strategies,” Thetanuts spokesperson elaborated.

Transforming Business Financial Services

The move shows that Thetanuts Finance is accelerating various DeFi services, such as exchanging funds, trading, and lending.

Established in August 2021, Thetanuts continues to offer DeFi structured products and its customizable vaults that enable retail traders to earn a yield on their tokens and simplify the process of options trading.

Therefore, the platform makes previously complex instruments easy for any investor to access and empowers users to monetize volatility in a risk-adjusted manner. The DeFi platform enables users to trade tokenized derivatives using smart contracts without third parties.