🔰Thetanuts V4
Overview
Thetanuts has always pushed the boundaries of what DeFi-native options can be. V4 is a new foundation: a builder-first, RFQ-powered options infrastructure that supports event-driven structures, custom payoffs, and institutional liquidity—while preserving a smooth user experience.
What V4 unlocks
Greater flexibility — tailored quotes for dynamic, event-driven structures.
Better execution — tighter spreads and more competitive pricing via open quoting.
Deeper liquidity — sourced directly from market participants.
V4 is chain-agnostic, trustless, and composable—built to deploy where the best communities and infrastructure exist.
RFQ System
At the heart of V4 is a Request-for-Quote (RFQ) engine. Instead of relying on AMMs, liquidity providers deliver direct quotes that apps can request and users can execute on-chain.
Why RFQ
Customized structures → more predictable outcomes and reduced slippage.
Open competition → market-driven pricing, tighter spreads.
Liquidity depth → direct access to active market participants.
Seeding liquidity (the flywheel)
Early support — select builder teams are already testing V4 and simulating real-world environments.
Scaling up — as the quoting environment matures, we connect app teams and early LPs with professional market makers, deepening liquidity and tightening spreads.
Future breadth — broader support for additional structures (e.g., American options) as flow grows.
The RFQ engine strengthens as more apps, makers, and strategies plug in—forming a self-reinforcing liquidity flywheel.
Architecture Summary
Chain-agnostic by design
Deployable across Ethereum L2s, modular stacks, and emerging high-performance chains.
Prioritizes low transaction costs, fast settlement, and vibrant DeFi ecosystems for composability.
Trustless & decentralized
All settlements on-chain, verifiable by anyone.
Quotes & execution via smart contracts, minimizing intermediaries.
Fully collateralized interactions: users keep control of funds and positions while trades are honored by counterparties.
Built for builders
Clean RFQ rails that power custom strategies without rebuilding an options desk.
Composable primitives that downstream apps can integrate through SDKs/APIs.
A roadmap that expands instruments, oracles, and settlement adapters as the ecosystem grows.
Vision
We’re building the Theta System—a modular options ecosystem where every product shares the same RFQ liquidity backbone and composes with the rest.
What the Theta System enables
Structured vaults, event-driven options, custom RFQ strategies, and institutional access points that connect seamlessly.
Builder extensibility — plug into RFQ to launch specialized vaults or trading products.
Unified flow for makers — market makers tap a consolidated stream of options demand across products.
The flywheel
More products → More flow → Deeper liquidity → Better pricing → Even more products.
Open Call to Builders
V4 isn’t just an upgrade—it’s a foundation. If you’re building:
Options protocols, structured products, or volatility strategies
Event-driven trading applications
RFQ-aware oracle or pricing infrastructure
Let’s talk.
Fill out the Builder Form (short + fast)
Reach out on X, join us on Discord, or email [email protected]
Together, we’ll build the future of DeFi options.
Last updated