Learn more about Thetanuts $NUTS airdrop and eligibility criterias.
Thetanuts Finance
Expired
Progress mission: 0 of 3
Updated: 5 months ago
Expired
Rewards
Reward Results
$50 $250
Details
Minimal cost
~$30
Time required
15 min.
Category
Mainnet
Rating
5/10
Risk
Medium
Thetanuts launched its incentivized testnet back in November 2023. 3% of the total supply was allocated for this Airdrop Season 1.
Their goals were to rewards early users, incentivize liquidity provisioning on the platform, and incentivize usage of the platform. According to these goals, they have split the airdrop allocation as follows:
- 1.0% of $NUTS were allocated to users who have interacted with Thetanuts Finance contracts since the inception and up until the v3 Incentivised Alpha. Users were measured based on their time-weighted TVL contribution from Nov 2021 to Dec 2023 in determining allocations in this tranche.
- 0.5% of $NUTS were allocated to users based on their Trading Volume contribution. Actions that had impact on trading volume contribution were Longs and Shorts.
- 1.3% of $NUTS were allocated to users based on their time-weighted TVL contribution.
- Within the v3 Incentivized Alpha, actions that had impact on TVL contribution include Shorts, Boost, Add Liquidity, and Lend.
- Within our Leveraged LRT Strategy Vaults, users with TVL contribution on Ethereum Mainnet and Arbitrum were also rewarded.
- 0.2% of $NUTS were allocated to users that have participated in Thetanuts Finance’s quests on Galxe, Layer3, and Zealy campaigns.
Over 57,500 addresses were eligible for the airdrop, and on the 30th May, 54% have been claimed. Addresses didn’t claim $NUTS directly, but $veNUTS that comes with a 3 month unbonding period. People who want to withdraw their assets faster suffer an exit penalty of 30% to 100%.
When looking at the holder list of $veNUTS, we can see that the top 50 received at least $826 with a $NUTS worth $0.016, and the top 100 received at least $250.
Pros & Cons
Strong Support
Secured $35m from notable investors, ensuring robust financial and strategic backing.
Unique Position
Low userbase count early adoption prospects.
Rewards Expected
The project’s website and docs hints at a future airdrop, promising rewards for early support.
Investment Risk
Altcoin options carry high risks, potentially causing significant losses.
Security Concern
Providing liquidity puts your money at risk of being stolen. If a hack happens, you could lose all of your funds in that liquidity pool.
How to participate?
Every type of opportunity has its common rules. Following these closely can significantly increase your chances of qualifying for the potential rewards. Here is a list of recommendations from our team designed to maximize your chances of benefiting from this opportunity.
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Understand Options Trading: Before starting, learn what options trading involves. Options allow you to buy or sell an asset at a predetermined price. Knowing the basics will help you make informed decisions.
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Increase Trade Volume: Your main goal is to trade options. To do this effectively, focus on increasing your total volume of trades. More trading activity could mean higher potential rewards.
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Add Liquidity: By adding liquidity, you not only support the market but also become eligible for rewards like option premiums, trading commissions, and potential $NUTS token rewards. Consider this to diversify your involvement.
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Provide Credit Assets: Lend your assets in the Lending Marketplace. This action generates returns in the form of interest, contributing to your overall gains. Understand the fixed interest rate model used and how it affects your returns.