Thetanuts Finance, a multi-chain structured products protocol, has closed a $17 million funding round led by Polychain Capital, Hyperchain Capital, and Magnus Capital. The funds will help the company create new partnerships with layer 1 and layer 2 networks, liquidity providers, blockchain foundations, market makers, and exchanges. Thetanuts Finance offers a range of crypto structured products for a wide customer base, including option traders, decentralized autonomous organizations, market makers, and liquidity providers. The company will soon launch a buy-side altcoin options market powered by decentralized options vaults, making options strategies available for a wider range of investors. Thetanuts Finance last raised $18 million in funding in March 2022.

(By Brandy Betz)