Detanut's finance receives $ 18 million of seed financing for Flest Out of the Defi platform

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  • Thetanuts Finance hopes to redefine the market for crypto options by offering users the opportunity to achieve a high basic return with their digital assets
  • The relatively new Defi protocol plans to introduce two new proprietary additions to the platform suite of existing products

The crypto derivative platform Detanut's Finance announced on Tuesday the completion of a seed round of $ 18 million, which is intended for the development of what it describes as "innovative structured defi products".

The round, led by Three Arrows Capital, Deribit, QCP Capital and Jump Crypto, will serve according to a press release, the development of the crypto derivative ecosystem ofetanut.

detanuts offers structured products that accept tokens of 11 chains as collateral and, in return, offer users access to risk -cleaned return opportunities in new option markets over several blockchains, according to the platform.

The platform is a relatively new protocol that aims to give users access to cryptostructured products in several decentralized networks in order to achieve a cheap return. Detanuts argues that its products will help with the creation of "new option markets" in defi (decentralized finances) and will provide users sustainable returns by selling options.

Structured products developed by Thetanuts will use the team's know-how in the management of hedge funds as well as financial analysts and smart contact developers. The idea will be to introduce two proprietary additions to the Suite of existing platform.

These two additions include Theta index, a basket of selected options, and Theta-Wheel, physically handled safes that switch between calls and puts. According to the press release, Therma Wheel enables "to buy and sell low" and earn premiums.

"Detanuts offers a nimble solution with which teams can quickly participate and scale for their communities," said John Jansen, CEO of the crypto exchange.

"The automation of Theta index versons significantly reduces the complexity of the generation of yields, is user-friendly and leads to an increased flow of demand in the OTC trade and CEFI."

Thetanuts currently operates 6-10 DELTA strategies for covered calls for ETH and BTC with an exercise price of 25 % above the cash course, based on the prevailing market courses on the crypto exchange Deribit White paper . Conversely

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The contribution of Detanuts Finance Get $ 18m in Seed Funding to Flest Out Defi Platform is not a financial advice.