Thetanuts collaborates with Paradigm to bring on demand liquidity to DeFi Options

Thetanuts Finance
3 min readMar 24, 2022


DeFi options have witnessed tremendous growth in 2021 and 2022 with rapid growth to ~$1 billion total value locked. The total notional of DeFi options traded numbers in the billions and is increasingly diversified across more underlying assets and more chains.

To better serve users, Thetanuts is excited to announce the launch of its new flagship product: Theta-Index. This allows users to get exposure to DeFi option vaults across a variety of strikes and tenors, accessing it via a simple yield bearing token. The high base yield that users earn are achieved by the options premiums paid for by institutional investors. This can range between ~25–50% p.a. across different baskets and strips for major crypto assets.

To satisfy the insatiable interest in crypto options by institutions, Thetanuts has entered a strategic partnership with to enable on-demand liquidity for traders and investors to tailor their options exposure to expiry, risk profile and settlement preferences.’s powerful Request for Quotation (RFQ) system allows Thetanuts to connect directly to traders to receive pricing and sizes superior to the market. Furthermore, a single order can be aggregated into partials for many institutional market makers, enhancing liquidity. All the work flows are automated, allowing traders to seamlessly adapt their strategies between DeFi options and CeFi options.

“We are extremely bullish on DeFi Option Vaults for the long-term. Widening participation to institutions with Paradigm will accelerate the convergence between financial ecosystems and deliver financial freedom for users seeking yield across the spectrum for a wide range of assets with a user-friendly experience.” Usagi, Growth Lead, Thetanuts Finance.

For Theta-Index holders, they will almost always be guaranteed to receive the most competitive yield in the space. Paradigm boasts the largest institutional network in crypto with over 700 institutions and more than $10 billion in monthly volume traded, this collaboration will accelerate Thetanuts vision of becoming the de-facto multichain DeFi options vault platform.

“DOVs are an inextricable part of market structure today and we are very excited to partner with Thetanuts and bring best-in-class options liquidity to the DOV auction process. DOVs operators don’t have to waste their Fridays trying to coordinate hundreds of prices via chats and can rely on a battle-tested RFQ system!”, Anand Gomes, CEO Paradigm.

About Paradigm

Paradigm is a zero-fee, institutional liquidity network for crypto derivatives traders across CeFi and DeFi. The platform provides traders with unified access to multi-asset, multi-protocol liquidity on demand without compromising on execution preferences, costs and immediacy. The firm’s mission is to create a platform where traders can trade anything, with anyone and settle it anywhere.

Paradigm has the largest network of institutional counterparties in crypto with over 700 institutional clients trading over $10B per month including Hedge Funds, OTC Desks, Lenders, Structured Product Issuers, Market Makers, and prominent Family Offices.

About Thetanuts Finance

Thetanuts Finance’s DeFi structured products and its customizable vaults are the future of generating yield. The platform is designed to provide treasury management for DAOs, as well as help retail traders earn yield on their tokens. Thetanuts’ vaults simplify the process of options trading, making previously complex instruments easy for any investor to access, empowering users to monetize volatility in a risk-adjusted manner. Launched in August 2021, Thetanuts is founded by a team of programmers, hedge fund managers, and financial analysts who specialize in building financial crypto products.

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Thetanuts Finance

Thetanuts Finance is building a decentralised on-chain options protocol focused on altcoin options 🥜❓