Thetanuts Finance is a decentralized on-chain options protocol focused on altcoin options, allowing users to go long or short with on-chain options.
In September 2021, the first iteration of Thetanuts Finance launched Basic Vaults — these vaults sell out-of-the-money ("OTM") European cash-settled options to approved market makers and generate income for users in the form of option premiums.

$NUTS is the governance token of the Thetanuts financial ecosystem, used to achieve the protocols long-term goals — including decentralization, governance, and incentivization.