About ThetaNuts Finance Airdrop
ThetaNuts Finance Airdrop is a Defi protocol that provides Vaults with various options strategies, it was designed with the everyday person in mind who does not have the tools or ability to take advantage of these strategies. With the power of Defi, they are able to provide complicated strategies at the click of the button without the hassle and risk of mismanaged execution or calculation.
Options are complex financial tools with different strategies for different market conditions, currently they have a covered put/call vault but they envision vaults with other strategies in the future. Strategies will be covered in the strategy section of the Gitbook but for a more comprehensive understanding they encourage you to visit reputable sites such as Investopedia or Optionsplay book.
|Token Name||ThetaNuts Finance Airdrop|
|KYC||KYC Is Not requirement|
|Whitepaper||Click Here To View|
|Collect Airdrop||Click Here To Collect Free Airdrop|
Connect your ETH or BSC wallet.
Now select a vault and make a put or call option.
ThetaNuts Finance doesn’t have an own token yet but users who’ve used their options vault may get an airdrop if they launch an own token.
Please note that there is no guarantee that they will do an airdrop to the early users of the platform. It’s only speculation.
What are structured Products
As a market matures, derivatives such as options, forwards and futures will naturally develop to meet more sophisticated demands and to promote liquidity. Structured products allows a participant to profit from volatility, range trading and have access to more intricate risk management strategies. The Vaults allow for Structured products to be deployed in a strategy such as a covered call or covered put to earn Yield. There are many strategies that structured products are capable of performing in order to maximize yield for all market conditions.
Why structured products ?
Structured products gives one the ability to perform more specific strategies to meet a specific risk-return objective. Strategies that allow you to cap your downside risk by forgoing unlimited upside potential or to bet on the volatility of an asset rather than simply price are all possible because of structured products. Ultimately structured products give you the maneuverability to perform all sorts of strategies to meet a specific requirement or to profit from all sorts of movements.
Understanding the Vault Card
Strategy is labelled clearly twice in the card, once above in the borders and once below the asset of the vault. The strategy of this example card is Put-Selling
Asset is labelled on the top of the card, the current asset in the example is TWETH
Timeframe of this card is weekly, that is to say the length of this vaults Epoch is a week and will be renewed weekly.
Projected Yield is a calculated estimation of the return and is not an absolute gurantee
Time to expiry is when the option expires and thus also when our current Epoch ends. This is also when you are able to collect any asset withdrawals you may have initiated.
The strike price is the price at which an option may be exercised and so defines if the strategy is in the money or out of the money. This is important as the profitability of the vault depends on which side of the strike price the strategy needs to be on.
Deposits show the amount of an asset currently in the vault
Max Cap shows the maximum amount of an asset the vault can contain
Your Position shows the current amount of an asset you have in the vault
What are Thetanuts Vaults
Structured product strategies are complex, which creates a barrier of entry for the everyday speculator from taking advantage of their yield potential. Thetanuts Vaults will allow any participants to deposit an asset into a vault that performs a desired pre-assigned strategy and profit from the premiums. Please look at the Vault section for more specific overviews of the strategies.
Each vault sells options on behalf of the vault users, and auction participants will make a bid to buy the options. The auction is held off-chain, and the winner is assigned as the vault designated maker by the manager role of the vault. Each vault has a designated maker, who when assigned will then send the premium into the vault through a provided Web3 form. The vault will then on expiry pay out the settlement to the maker. The manager will then restart the next round of the auction.