Thetanuts Finance has raised US$18M in Seed Round, on a mission to bring DeFi structured products to everyday investors

Thetanuts Finance
5 min readMar 1, 2022


We aim to offer solutions that address present shortcomings in the landscape of open, decentralized finance.

We are thrilled to announce that Thetanuts Finance has raised a US$18 million investment in a seed round led by Three Arrows Capital, Deribit, QCP Capital, and Jump Crypto. The funding will supercharge the development of Thetanuts Finance’s structured products platform and user-friendly instruments in the crypto derivatives ecosystem.

We pride ourselves as the most advanced and inclusive crypto derivatives trading platform to date, offering 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.

We will be using the US$18 million capital infusion from the seed round will go toward Thetanuts Finance’s efforts to create innovative DeFi structured products. As a first step, we will be introducing two proprietary additions to Thetanuts Finance’s suite of products.

Our new flagship products are both a first in the DeFi space: 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. Together, they simplify otherwise hard-to-access options products for everyday users. We will be announcing details on these flagship products soon.

Thetanuts Finance’s offerings are crucial components that have been missing from decentralized finance until now. “The automated nature of Theta-Index vaults significantly reduces the complexity of yield generation, is user-friendly, and leads to increased demand flow into OTC trading and CeFi. Thetanuts provides a nimble solution to allow teams to participate quickly and scale for their communities,” said John Jansen, CEO of Deribit, the world’s largest Bitcoin and Ethereum options exchange.

“We are seeing more institutional activity and maturation of core assets like Bitcoin and Ether. DeFi options have accelerated the development of the altcoin option market. One of Thetanuts’ flagship products is Theta-Index, the only product in the DeFi structured product space that makes generating yield as simple as a swap. With underlying options vaults backing the index, users can confidently deploy their tokens to generate income using a proven strategy,” said Darius Sit, CIO of QCP Capital.

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. Our offerings are much more sustainable in the long run because the yield is created by monetizing an asset’s high volatility through option premiums.

“We have seen a proliferation in wealth creation in the crypto space. Thetanuts will continue delivering durable wealth preservation strategies to generate sustainable on-chain income for millions of new crypto investors,” said Kyle Davies, Co-Founder, Chairman of Three Arrows Capital.

“As more capital flows in the Web3 space and DAO treasuries become larger, DeFi structured products offered by Thetanuts bring together sound treasury management tools that help the entire ecosystem maintain sustainability and continue building with rapid acceleration,” said Rahul Maganti, Vice President of Jump Crypto.

Thetanuts Finance is backed by recognizable names such as DeFi Capital, Raptor Group, Mirana Ventures, Capital, Tribe Capital, Goldentree, and Borderless. Notable angels include, Do Kwon. Moving forward, Thetanuts will engage DAOs and GameFi projects to develop yield generation opportunities.

“Since 2021, we have seen phenomenal growth in the decentralized option vaults (DOV) market that has brought about wider user adoption and growth in permissionless finance. We are proud to back Thetanuts Finance to be the market leader in building the best in class structured products, flexible treasury management services, and sustainable high yield offerings across all major blockchains,” said Keith Chia, Co-Founder of DeFi Capital.

“Thetanuts is bringing new flows to the ecosystem and creating new options markets for nascent tokens. It is an exciting time for decentralized derivatives, and we are looking forward to seeing the impact brought forward by Thetanuts,” said CJ Fong, Head of Asia Sales, GSR.

“ Capital is proud to back Thetanuts Finance as it looks to scale in a multichain world, whilst giving retail and institutional users easy access to complex options strategies,” said Bobby Bao, MD of Capital.

“Ledgerprime has built itself through the 2018 crypto crash, and we’ve seen first hand how opportunities associated with cryptocurrency derivatives can generate sustainable returns in both bull and bear markets. We see that Thetanuts will expand opportunities in DeFi structured products, and spur more activity in the ecosystem,” said Shiliang Tang, CIO, Ledger Prime.

“We see that Thetanuts is at the forefront of Web3 yield generation, which will intersect and complement existing Web2 fintech solutions, widening the range of products for everyday users to grow their wealth,” said Soheil Mirpour, Partner at Global Founders Fund.

“We see a growing demand for DeFi options with ALGO tokens markets. We are excited about the work Thetanuts has done to create new Option markets for this rapidly maturing financial ecosystem,” said David Garcia, Managing Director, Borderless.

“Thetanuts has been active in growing the DeFi options markets for FTM. Thetanuts’ vision to push the boundaries of a multi-chain future, and its upcoming products to democratize best yield-bearing assets will bring great utility to users,” said Stelian Balta, Founder and CEO HyperChain Capital.

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.

Follow Thetanuts Finance for our latest updates and announcements:

Website | Twitter | Discord| Research



Thetanuts Finance

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