Cryptocurrency exchange Bitget announced the listing of Thetanuts Finance (NUTS) on its PoolX stake-earn platform. Users can use a staking option to earn the token starting today. The mining period for NUTS will last until May 30, 2024.
What you'll learn 👉
About Thetanuts Finance (NUTS)
Thetanuts Finance is an innovative on-chain options trading protocol designed for traders interested in longing or shorting altcoin options. This listing is part of Bitget’s ongoing commitment to providing users with diverse and profitable staking opportunities.
What is PoolX
PoolX, an investor-centric feature that allows participants to stake specific cryptocurrencies and earn various emerging or popular tokens, was launched by Bitget in April. Each project on PoolX, including Thetanuts Finance, features multiple mining pools with rewards distributed hourly based on the user’s staking volume.
Reward Calculation
Rewards for PoolX participants are calculated using the following formula:
Holder’s Staked BGB÷Corresponding Pool Prize×Total BGB Tokens from All Participants=Holder’s BGB Rewards
Unique Features of Thetanuts Finance
Thetanuts Finance offers a unique derivatives trading platform that integrates missing components of decentralized finance (DeFi). Key features include:
- Automated Vaults Simplify yield generation by combining user-friendliness, OTC trading, and centralized and decentralized finance.
- High Yields: Enable both institutional and retail investors to earn higher yields through sustainable options strategies on high-volatility assets.
Terms for Participation
To participate in Thetanuts Finance mining on PoolX, participants should be aware of the following:
- Automatic Reward Distribution: Bitget will distribute rewards from the PoolX mining pools based on the amount staked by each individual.
- Hourly Snapshots: The exchange will take hourly snapshots of each participant’s stake to determine and distribute rewards. Each mining pool’s APR will be calculated separately.
- Early Staking: If a user stakes tokens before the PoolX kickoff, Bitget will calculate the staked amount in the first hour and distribute rewards in the second hour.
How to Participate in PoolX Projects like Thetanuts Finance
Joining the mining rewards event for Thetanuts Finance requires signing up on Bitget. By participating in PoolX, users can take advantage of the innovative staking opportunities and earn rewards with Thetanuts Finance (NUTS).
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