News
Bitget’s PoolX Welcomes Thetanuts Finance (NUTS) for Staking Potential
Victoria, Seychelles, May 20, 2024, Chainwire
Bitget, a leading global cryptocurrency exchange and Web3 company, is excited to announce the latest addition to its PoolX staking platform: Thetanuts Finance’s native token, NUTS. As Bitget continues to expand its PoolX offerings, users now have the opportunity to stake on NUTS and potentially earn substantial rewards. This latest listing highlights Bitget’s commitment to providing diverse and potentially profitable staking options to its users.
PoolX, Bitget’s cutting-edge staking platform revolutionizing the crypto landscape, where rewards are distributed hourly based on amounts staked. Unlike most decentralized staking products, PoolX allows users to potentially earn popular tokens by staking stable and trusted cryptocurrencies like BGB and USDT. Since its debut on April 8, PoolX has launched over 15 additional projects. With an annual percentage rate (APR) ranging from 10% to 45%, users can potentially rack up substantial winnings within the high upper stake limit.
Thétanuts Finance is a decentralized on-chain options protocol that has been making waves in the altcoin options space. Initially launched in September 2021 with Basic Vaults, Thetanuts Finance offered European cash-settled out-of-the-money (“OTM”) options to accredited market makers, potentially generating returns for users through options premiums. With the recent v3 upgrade, Thetanuts Finance has moved towards a more decentralized approach, focusing on altcoin options.
In April this year, Thetanuts Finance successfully closed a $17 million funding round led by Polychain Capital, Hyperchain Capital, and Magnus Capital. This funding will help forge new partnerships with Layer 1 and Layer 2 networks, liquidity providers, blockchain foundations, market makers and exchanges. These partnerships are expected to improve the liquidity and usability of the Thetanuts platform, thereby driving adoption and innovation in the altcoin options space.
The listing of NUTS on Bitget’s PoolX staking platform represents an important step forward for Bitget and Thetanuts Finance. The listing not only enhances the staking options available to Bitget users, but also supports Thetanuts Finance’s mission to innovate in the altcoin options space. As Bitget continues to expand its PoolX offerings, users can expect more opportunities to potentially earn substantial rewards by staking their favorite tokens.
For more information about PoolX staking platform and NUTS token listing, users can visit here.
About Bitget
Created in 2018, Bitget is the world leader cryptocurrency exchange and the Web3 company. Serving over 25 million users in over 100 countries and regions, Bitget exchange is committed to helping users trade smarter with its pioneering copy trading functionality and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers a full range of Web3 solutions and features, including wallet functionality, exchange, NFT marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentine footballer Lionel Messi and official eSports event organizer PGL.
For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, users can contact: media@bitget.com
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