Thetanuts Finance PriceNUTS

What is Thetanuts Finance (NUTS)?

Thetanuts Finance (NUTS) is a decentralized on-chain options protocol built on the Ethereum blockchain, specializing in altcoin options. It allows users to take long or short positions on on-chain options and is described as a multi-chain structured products protocol offering derivatives with deep liquidity and low fees. The project aims to address a gap in the altcoin options market, which has historically been less served than options for major assets like Ethereum and Wrapped Bitcoin.

The protocol initially launched in September 2021 with its Basic Vaults, which sold out-of-the-money European cash-settled options to accredited market makers, generating yields for users through option premiums. With the introduction of its v3 upgrade, Thetanuts Finance shifted its focus toward altcoin options, leveraging existing Basic Vault LP Tokens to unlock new use cases in on-chain options trading. The v3 architecture is supported by a Lending Market and Uniswap v3 Pools, all integrated within a unified interface. The native token, NUTS, has a total and maximum supply of 10,000,000,000 tokens and is issued as an ERC20 asset on Ethereum.

Key Specifications & Tokenomics

• Name: Thetanuts Finance
• Ticker / Symbol: NUTS
• Blockchain / Platform: Ethereum (ETH)
• Token Standard: ERC20
• Contract Address: 0x23f3d4625aef6f0b84d50db1d53516e6015c0c9b
• Decimal Places: 18
• Category: DeFi, Ethereum Ecosystem, On-Chain Options
• Total Supply: 10,000,000,000 NUTS
• Max Supply: 10,000,000,000 NUTS
• Circulating Supply: self-reported at 1.05B NUTS (about 10.55% of total supply); the figure published by market data trackers may differ from the project's self-reported number.
• Fully Diluted Valuation: displayed live on the price page and fluctuates with market conditions.
• Token Launch Date: 2024-05-19 (the protocol itself launched with Basic Vaults in September 2021).
• ICO Price: $0.012349
• Official Website: https://www.thetanuts.finance/
• Whitepaper / Docs: https://docs.thetanuts.finance/
• Explorer: etherscan.io
• Security: the project has published a CertiK security rating of 3.5 (on a 5-point scale, per CertiK); a rating is not a guarantee of safety, and the protocol suffered a $2.1 million exploit on June 15, 2026.

NUTS serves as the governance and incentive layer of the protocol. Holders can stake NUTS to receive veNUTS, participate in gauge voting, and influence the protocol's direction. The token also supports liquidity incentives and value accrual, with platform fees accumulating in the Treasury under the control of the Thetanuts Finance DAO once governance is active.

Who created Thetanuts Finance?

Thetanuts Finance is a seed company founded in 2021 and based in Panama City. Publicly available information about the founding team is limited. Andy is listed as a Co-Founder associated with the project, with additional background linked to The Rollup and Ryze. The project has attracted backing from institutional investors. The project's seed round was led by Three Arrows Capital, Deribit, QCP Capital and Jump Crypto, with additional institutional backers reported by third-party trackers. In a seed round in March 2022, Thetanuts Finance raised $18,000,000, led by Three Arrows Capital, Deribit, QCP Capital and Jump Crypto. The capital was intended to accelerate the development of its crypto derivatives and build new proprietary products for the crypto options market. A further $17,000,000 was raised in April 2023, bringing total funding to a reported $35,000,000.

How does Thetanuts Finance work?

Thetanuts Finance operates through a combination of vaults, a lending market, and automated market maker pools. Its Basic Vaults sell out-of-the-money European cash-settled options to accredited market makers, generating yield for users in the form of option premiums. Positions in these vaults are tokenized as $XYZ-C (Call Vault LP Token) and $XYZ-P (Put Vault LP Token), which serve as the foundation for all trading strategies on the platform. Basic Vaults are 100% collateralized, supporting protocol solvency.

A core innovation of the protocol is its Request-for-Quote (RFQ) engine, which replaces traditional automated market makers with direct quotes from liquidity providers. In the RFQ engine, market makers send sealed offers, the best revealed offer wins, and the option is created when the auction settles; an RFQ has a maximum value of $1M by default. The v3 upgrade extends the utility of existing Basic Vault LP Tokens into new on-chain options trading use cases, supported by a Lending Market and Uniswap v3 Pools integrated within the v3 interface. The protocol operates across multiple chains, enabling fully-collateralized derivatives with deep liquidity and low fees.

Thetanuts V4 is the protocol's integration layer for options on EVM chains. On Base (chainId 8453), the live OptionBook r12 contract is 0x1bDff855d6811728acaDC00989e79143a2bdfDed and the live OptionFactory r12 contract is 0x8118daD971dEbffB49B9280047659174128A8B94.

What makes Thetanuts Finance unique and valuable?

Thetanuts Finance differentiates itself by focusing on altcoin options, a segment of the derivatives market that is less developed than options on major cryptocurrencies. By leveraging its existing Basic Vault LP Tokens and introducing a v3 architecture, the protocol creates new use cases for on-chain options trading rather than relying solely on traditional vault strategies. Its RFQ engine further distinguishes it from AMM-based derivatives platforms by sourcing direct quotes from liquidity providers, which can support more efficient pricing and deeper liquidity for less liquid assets.

The protocol's multi-chain design, fully-collateralized vaults, and integration with Uniswap v3 Pools and a Lending Market position it as a structured products platform capable of serving option traders with varied strategies. These features collectively aim to make on-chain altcoin options more accessible and capital-efficient.

What is Thetanuts Finance used for?

NUTS is the native utility and governance token of the Thetanuts Finance ecosystem. It can be staked to become veNUTS, allowing holders to participate in gauge voting for the protocol's various components and to influence governance toward long-term objectives. NUTS is also used to incentivize liquidity on the platform, and holders can lock veNUTS for up to 12 months to receive up to 1.5x boosted emissions on their liquidity incentives.

Beyond governance and incentives, NUTS supports value accrual: fees generated by the platform accumulate in the Treasury, which the Thetanuts Finance DAO controls once governance is active. NUTS can be used to provide liquidity and earn fees and veNUTS emissions, while the v3 architecture integrates a Lending Market and Uniswap v3 Pools in a unified interface. The platform is positioned as a venue for fully-collateralized, multi-chain derivatives covering both on-chain options and perpetuals, with Basic Vaults generating yield through option premiums.

How Is the Thetanuts Finance ecosystem developing?

The Thetanuts Finance ecosystem has evolved from its initial Basic Vaults, launched in September 2021, into a multi-chain structured products protocol with a v3 architecture. The v3 upgrade introduced a Lending Market and Uniswap v3 Pools, expanding the utility of Basic Vault LP Tokens and enabling new on-chain options trading strategies. The protocol also supports dynamic liquidity provisioning through Uniswap v2 pools using NUTS.

On March 14, 2024, the project launched a Leveraged LRT Strategy Vault to enable further composability with Pendle's PT-eETH.

The project has attracted institutional backing and has documented key developments such as its v3 upgrade and public educational content. However, the ecosystem has also faced challenges: on June 15, 2026, the protocol was exploited for $2.1 million; the attacker retained roughly $105,000 in USDC, converted to approximately 60 ETH, and the event was characterized as a partial white-hat recovery. This incident highlights the security risks inherent in DeFi derivatives protocols and the importance of ongoing audits and monitoring.

How to mine Thetanuts Finance?

NUTS is not mined. It is an ERC20 token on Ethereum whose distribution is tied to the protocol's incentive and governance mechanisms: holders stake NUTS to receive veNUTS, participate in gauge voting, and can lock veNUTS for up to 12 months to receive up to 1.5x boosted emissions on liquidity incentives. There is no mining algorithm, mining rig or block reward structure.

How to keep your Thetanuts Finance Coin safe?

Keeping NUTS safe begins with secure storage. Because NUTS is an ERC20 token on Ethereum, it can be held in compatible self-custody wallets where users control their private keys. Hardware wallets are generally recommended for larger holdings, as they keep private keys offline and reduce exposure to online threats. Users should always verify contract addresses and official links before interacting with any token or protocol.

Security awareness is especially important for DeFi participants. The Thetanuts Finance protocol experienced an exploit on June 15, 2026, resulting in a $2.1 million loss, which underscores the risks of interacting with smart contracts. Investors should review audit reports, monitor protocol announcements, avoid sharing seed phrases, and consider using separate wallets for different activities. Staying informed about governance proposals and security updates can also help holders protect their assets.