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Thetanuts Finance is a decentralized on-chain options protocol that focuses on altcoin options, allowing users to go long or short on-chain options.
In September 2021, the first iteration of Thetanuts Finance launched Basic Vaults - Basic Vaults sell out-of-the-money ("OTM") European cash-settled options to recognized market makers as an option premium Generate revenue for users.
$NUTS is the governance token of the Thetanuts financial ecosystem and will be used to achieve the long-term goals of the protocol - including decentralization, governance and incentives.