Thetanuts Finance

RFQ-powered options protocol building the Theta System for structured products

Community:

[Thetanuts Finance @ThetanutsFi]

Building AI strategies is a lot easier with options than perps 👀

[Thetanuts Finance @ThetanutsFi]

Stoked to co-host Base AI Connect SuperAI Edition alongside @animocabrands, @baseapac, @hellominds_ & @AlibabaCloud during @superai_conf week!

Thetanuts keynote is scheduled at 3:15 PM + panel on Building the AI Economy On-chain.

📅 June 10 | 2:00–5:00 PM SGT
🎟️ Sign up: https://t.co/yMOrlAkCYU

See you in Singapore, builders! 🥜

[Base APAC @baseapac]

Singapore, see you next week 🇸🇬

During @superai_conf week, @base is bringing together some of the leading minds across AI, Web3, and the onchain economy for an afternoon of keynotes, panel discussions, and networking.

Featuring speakers from @alibaba_cloud, @animocabrands, @hellominds_ and @ThetanutsFi.

📅10 June Wednesday | 2PM–5PM
📍Rasa Space, Singapore

RSVP via link below👇

[Thetanuts Finance @ThetanutsFi]

@animocabrandsCN @superai_conf @baseapac @alibabacloud @activ8lab @base See you next week in Singapore 🥜

[Thetanuts Finance @ThetanutsFi]

@baseapac @superai_conf @base @alibaba_cloud @animocabrands Excited to co-host with you @baseapac 🤝
See y’all in Singapore next week 🥜

[Thetanuts Finance @ThetanutsFi]

Lfg welcome onboard 🫡

[Bundie @BundieDefi]

Introducing Yield Protection.

Earning 10% APY means nothing if the underlying asset drops 10%.

Most yield products focus on generating returns.

At Bundie, we believe protecting your capital matters too.

Powered by @ThetanutsFi

Yield Protection uses options strategies designed to help reduce downside risk while your assets continue earning yield.

Yield matters.
Protection too.

[goheesheng.base.eth @goheesheng]

For those we don't know, I'm also an EXCELLENT engineer in @ThetanutsFi, DeFi Options Infrastructure.

If you want to leverage options for your DeFi strategy, checkout our SDK!

https://t.co/Rlud3k8Tl7

[Thetanuts Finance @ThetanutsFi]

LFG

[Odette @odetteonchain]

Odette's biggest update yet has just been released:

🔵 Completely redesigned UI that's cleaner and faster
🔵 Integrated TradingView charts right in the app
🔵 Price alerts so you never miss a move
🔵 Scoreboard breakdowns to see exactly how you've done

Trading on Odette just got a whole lot smoother and it's thanks to everyone who provided us with feedback

Go try it out and let us know what you think
https://t.co/VcyOZUtxQR

[APU Blockchain & Cryptocurrency Club @apubcc]

Curious about Web3?

Join the THETANUTS WORKSHOP by APUBCC × Thetanuts @ThetanutsFi

📅 19 June 2026
⏰ 7PM – 9:30PM
📍 S-08-02, APU
🎟 Registration link : https://t.co/AZSWeJHxKa

[Thetanuts Finance @ThetanutsFi]

👀

[Thetanuts Intern🥜 @ThetanutsIntern]

https://t.co/vWZnNPDpGT

[Imran Lakha | Options Insight @options_insight]

One of our members knows a guy who owns a stock he's up 2 million dollars on. He won't sell, won't hedge, doesn't trade options.

He could own a put 20% below, and sell a call 60% above, for zero cost. A free floor under two million dollars of gains.

But... he just doesn't know it's there for him.

[INSOMNIAC @insomniac988]

sometimes what you initially expect turns out wrong

but not in a bad way

when i first had a chat with the @odetteonchain team, their focus was on 0DTE. their initial thesis was that since it had success in traditional markets, it would have the same in crypto

that however didn't materialise

the protocol and the number of traders on the app remained small. but it was interesting to see that the team did not let this single setback hold them back

they iterated and in january released the rangers feature that allowed traders to trade a range on either BTC or ETH

how it worked was simple:

• you select the expiry you want (between 1 - 3 days)
• then select your preferred price range

when your position expires and the price falls within the range you've selected, you profit. if it doesn't, the cost is the premium paid to open the position

in early april about 70% of all trades on the app were rangers trades. today, that has exceeded 90%

with the positive response from traders, next thing is to bring more users to the app, and there will be some announcements coming about those soon

in the meantime, you can take part in the trading competition. USDC is paid out to all winners weekly

1st: $500
2nd: $200
3rd: $100
4th-10th: $50

to open your rangers trade go to https://t.co/gEpBc7QXHU

and if you have any feedback or questions, i can be reached via DMs

[Thetanuts Finance @ThetanutsFi]

Building AI strategies is a lot easier with options than perps 👀

[Thetanuts Finance @ThetanutsFi]

@yonathandinata @Pekkalabs @azizrosyid2 @Fnacr Congratulations!

[Thetanuts Finance @ThetanutsFi]

Start with our SDK — or stay tuned for customizable AI wrappers.

https://t.co/EOffanPpeF

[Thetanuts Finance @ThetanutsFi]

Building AI strategies is a lot easier with options than perps 👀

[Thetanuts Finance @ThetanutsFi]

Update:

Key TX: https://t.co/mI5cV5gxkn

What happened:

1. The vault had accumulated 26.18612761 WBTC in actual collateral from deposits and premiums.

2. During the meta/index rebalance, 25.21656303 source-vault LP was burned.

3. The rebalance settled against the tracked LP claim, rather than the vault’s full actual WBTC balance:
26.03433204 WBTC / 25.21656303 LP
≈ 1.032429836 WBTC per LP

4. This left 0.15179557 WBTC stranded in the source vault with zero LP supply outstanding against it.

5. Years later, that residual balance was extracted via the zero-supply first-deposit bug.

6. This also explains why the live exploit implied an LP value of ~1.032429835e18: it matches the value established during the 2022 rebalance withdrawal.

TLDR:

These were legacy contracts that had already been deprecated and migrated away from. The issue was not active user funds in current vaults, but residual balances left behind in an old source vault because the rebalance logic settled based on tracked LP claims instead of the vault’s full underlying balance. That residual was later targeted through the zero-supply first-deposit bug.

[Thetanuts Finance @ThetanutsFi]

Earlier today a security incident affected our legacy TN-CSCCv1-BTCUSD vault on Ethereum.

It's a v1 test vault from four years ago, and isolated from the current Thetanuts v4 infrastructure. No user funds were affected and all other products are running normally.

We are still investigating our deprecated v1 vaults and will update ASAP.

[Defimon Alerts @DefimonAlerts]

🚨 https://t.co/Fp0caPvhkT - Loss $46K (2026-04-20)

Type: Vault Share Rounding Manipulation

Attacker flash-loaned 10 WBTC from Morpho and exploited a rounding vulnerability in the Thetanuts Cash Settled Covered Call BTC/USD vault (unverified contract). By first depositing 2 satoshis (receiving 1 share due to rounding down), then depositing 4.68 WBTC, the attacker accumulated shares at a slightly favorable rate relative to the vault's existing 0.15 WBTC balance.

Calling initWithdraw() with a max value burned all shares and returned the vault's entire WBTC balance (4.83 WBTC), netting ~0.1518 WBTC profit after repaying the flash loan. The vault's share-to-asset conversion lacked rounding protections, allowing the attacker to extract pre-existing depositor funds through arithmetic precision loss.

TX: https://t.co/wlMKNztWCS
Victim: https://t.co/hIjzH3NyXk (unverified)
CoinGecko: https://t.co/y6U7Bol5lK

https://t.co/AamLlw8W4J

[Thetanuts Finance @ThetanutsFi]

🙏

[Nikita Bier @nikitabier]

Crypto has had a rough year. Maybe we should launch something to fix it.

[Thetanuts Finance @ThetanutsFi]

Been getting a lot of questions lately about how our infrastructure works.

If you’re interested in integrating with us, here’s a quick overview of our RFQ stack: