Question 1

What is NUTS, and how does it relate to Thetanuts Finance?

Accepted Answer

NUTS is the governance token of the Thetanuts Finance ecosystem. Thetanuts Finance positions itself as a decentralized protocol for on-chain altcoin options; its NUTS documentation positions the token as supporting decentralization, governance, and incentives. The token itself has been deployed as an ERC-20 on Ethereum, while certain governance and v3 incentive capabilities are described in the documentation as “will” be available, so these plans should not be treated as holder rights that are already available.

Question 2

How is NUTS converted to veNUTS, and how can it be restored to liquid NUTS?

Accepted Answer

Official documentation specifies that NUTS can be staked and converted to veNUTS at a 1:1 ratio: surrendering 1 NUTS corresponds to receiving 1 veNUTS. veNUTS is not NUTS that can immediately circulate freely; to restore liquid NUTS, the documentation requires a 90-day linear vesting period. Holders can also lock veNUTS for up to 12 months to participate in the boost design, but cannot begin that vesting process while it is locked. Therefore, “locking for a boost” and “vesting into liquid NUTS” are two states that require a trade-off.

Question 3

How are NUTS and veNUTS related to governance and protocol fees?

Accepted Answer

Under the documented design, veNUTS holders can participate in gauge voting for ecosystem components and, once governance is live, protocol governance; protocol fees enter the treasury, which will be controlled by the DAO once governance is live. This describes the chain of roles among NUTS, veNUTS, and future governance, rather than NUTS holders automatically receiving fee distributions. Whether voting or treasury-control capability is available depends on whether the relevant governance functionality is live and whether the user holds veNUTS.

Question 4

How are NUTS liquidity incentives and boosts calculated?

Accepted Answer

In the documented design for v3 liquidity incentives, rewards are distributed in veNUTS on Ethereum mainnet at the end of each epoch; to qualify, users must maintain the dLP threshold relative to their v3 total value locked (TVL) throughout the entire epoch. After locking veNUTS, liquidity incentives can receive a boost of up to 1.5x. The core relationship of the boost is the proportion of locked veNUTS relative to the “lockable threshold,” multiplied by the time weight and dLP weight; the lockable threshold is in turn related to the proportion of the user's TVL relative to total protocol TVL and the circulating supply of veNUTS locked across the network. This formula shows that the boost is not determined solely by the number of tokens held and is capped at 1.5x.

Question 5

What are NUTS's supply and official contract address?

Accepted Answer

The official FAQ states that NUTS has a maximum supply of 10 billion tokens and an initial circulating supply of approximately 7.5%. This is an initial-supply measure and does not equal the actual circulating amount at any subsequent point in time. The Ethereum NUTS contract address listed on the official deployment page is 0x23f3D4625AEF6f0b84d50dB1d53516e6015c0c9B; before transferring or interacting, verify the chain and full address rather than identifying the asset only by the name “NUTS.”

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