Coindesk Logo
FinanceFinanceFinance

DeFi Platform Thetanuts Finance Raises $18M Seed Funding to Fuel Growth

DeFi Platform Thetanuts Finance Raises $18M Seed Funding to Fuel Growth

DeFi Platform Thetanuts Finance Raises $18M Seed Funding to Fuel Growth

The funding round was led by Three Arrows Capital, Deribit, QCP Capital and Jump Crypto.

The funding round was led by Three Arrows Capital, Deribit, QCP Capital and Jump Crypto.

The funding round was led by Three Arrows Capital, Deribit, QCP Capital and Jump Crypto.

By Jamie Crawley
AccessTimeIconMar 1, 2022, 12:15 PM
Updated May 11, 2023, 7:11 PM
Seed funding (Shutterstock)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Decentralized finance (DeFi) firm Thetanuts Finance has raised $18 million in seed funding to drive the development of user-friendly products on its platform.

  • The funding round was led by Three Arrows Capital, Deribit, QCP Capital and Jump Crypto, Thetanuts announced on Tuesday. DeFi is an umbrella term used to describe lending, trading and other financial activities carried out on a blockchain without traditional middlemen.
  • Thetanuts Finance offers products that accept tokens from 11 blockchains as collateral, with the aim of offering the most competitive risk-adjusted yield opportunities.
  • Among its main products are 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 said.

STORY CONTINUES BELOW

Recommended for you:

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about
DeFiFunding RoundsThetanuts